1.) I have inquired / requested business information Germaine to acquiring, expanding, or building, a property portfolio. Given consideration to the nature of the confidential information necessary to be divulged, I agree that I will not at any time, in any fashion, form, or manner, either directly nor indirectly, divulge, disclose, nor communicate to any outside person, party, firm, or corporation, in any manner whatsoever, any information of any kind, nature, or description concerning any matters affecting or relating to the business of FRONTIER PROPERTY SOLUTION (FPS), its subsidiaries, affiliates, or similar in nature, including, without limitation, the names of any of its customers, the prices, properties, it obtains or has obtained, or at which it sells or has sold its products and/or services, or any other information concerning said business, it’s clients, potential clients, et al, nor manner(s) of operation, plans, processes, “trade secrets”, or other related matters of any kind, nature, or description without regard to whether any or all of the foregoing matters would be deemed confidential, material, or important.
2.) The parties hereby stipulate that, as between them, the foregoing matters are important, material, and confidential, and gravely affect the effective and successful conduct of the business; being primarily moderate to lower value residential Real Property for which there is, or was, a mortgage/foreclosure and then specifically the unique way in which Frontier identifies, processes, and removes those from the Deed/Title, including any related commercialization activities for such properties. Included also is that of their client(s), its good will, and good name, and that any breach of the terms of this agreement shall be deemed an intentional act of sabotage, and the divulging of confidential information, and shall be pursued and prosecuted to the full extent of all applicable law(s).
3.) FOR GOOD CONSIDERATION, I, the undersigned agree that rather I choose to engage in commercial activities with the Business, or not, that regardless, specific material benefit(s) were in fact received by me, including, but not limited to, the companies investment in time, energies, monies, and other resources, towards education in, and exposure to, the proprietary business model of company, training to the process’ thereof or thereto, having the opportunities of just compensation therefore, as well as consideration given, to being exposed to material(s) and process’ commonly held as “trade secrets”, I, the undersigned, hereby agree that upon the termination of any other agreements with the Business, and notwithstanding the cause of termination, I shall not compete with the business, or its successors or assigns, and shall not directly nor indirectly, as an owner, officer, director, employee, consultant, affiliate, stockholder, or any similar in nature, engage in a business similar or competitive to the processes used by the Business in acquiring for commercial purpose(s) residential Real Property for which there is, or was, a mortgage/note presumed to be flawed, nor engage in acquisition or marketing practices similarly related to that of the Business. This non-compete clause shall extend only for a radius of 200 miles from the present location(s) of any of Business properties, or locations that are targets of the Business for acquisitions, and shall be in full force and effect for not less than 2 years, or the maximum amount(s) allowed by law, whichever is greater, and commencing with the date of this, or other applicable agreements, termination.
4.) This agreement shall be binding upon and inure to the benefit of the respective parties and their heirs, legal affiliates, successors, and assigns to the maximum extent allowable by law.
5.) If any part of this agreement is found invalid, void, or unenforceable by a court of competent jurisdiction, it will not affect the validity of the balance of this Agreement, and the remainder of the agreement shall be interpreted individually so as to reasonably affect the intention(s) of the parties.
IF YOU DO NOT UNDERSTAND ANY PART OF THIS AGREEMENT, DO NOT SIGN. By Signing, you are stating you have fully read, fully understand, agree, and intend to be bound by the terms hereof.