Non-Competition & Non-Disclosure Agreement

BACKGROUND

1. The Information Provider and the Recipient desire to enter into a confidentiality, non-disclosure, and non-competition agreement with regard to the explanation, education, marketing, presentation, creation, administration, and revealed processes of:
   1. the Information Provider's proprietary Pure Contract Trust Asset Privacy and Asset Protection system commonly known as the Specialized Trust Strategy; (the STS Program).
2. In connection with the Permitted Purpose, the Recipient will receive certain confidential information (the ‘Confidential Information’).

IN CONSIDERATION OF and, as a condition of the Information Provider providing the Confidential Information to the Recipient in addition to other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:

CONFIDENTIALITY

1. Confidential Information refers to any data or information relating to the Information Provider, whether business or personal, which would reasonably be considered to be private or proprietary to the Information Provider and that is not generally known and where the release of that Confidential Information could reasonably be expected to cause harm to the Information Provider.
2. All written and oral information and materials disclosed or provided by the Information Provider to the Recipient under this Agreement constitute Confidential Information regardless of whether such information was provided before or after the date of this Agreement or how it was provided to the Recipient.
3. The Recipient agrees to not disclose, divulge, reveal, report or use, for any purpose, any and all confidential information which the Recipient may obtain unless otherwise agreed in writing pursuant to a Consulting Services Agreement or other document. This obligation shall survive indefinitely upon termination of this Agreement.
4. The Recipient agrees not to copy, reverse engineer, market, sell, or otherwise monetize the Confidential Information or STS Program in either direct or indirect competition with the Information Provider or its heirs or assigns.
5. ‘Confidential Information’ means all data and information relating to the product or products of the Information Provider as well as all data and information relating to the Information Provider, including but not limited to, the following: 
   1. ‘Customer Information’ which includes names of customers (a.k.a. STS Contractors) of the Information Provider, their representatives, all customer contact information, contracts and their contents and parties, customer services, data provided by customers and the type, quantity and specifications of products and services purchased, leased, licensed or received by customers of the Information Provider;
   2. 'Intellectual Property’ which includes information relating to the Information Provider’s proprietary rights prior to any public disclosure of such information, including but not limited to the nature of the proprietary rights, production data, technical and engineering data, technical concepts, test data and test results, simulation results, the status and details of research and development of products and services, and information regarding acquiring, protecting, enforcing and licensing proprietary rights (including patents, copyrights and trade secrets);
   3. ‘Marketing and Development Information’ which includes marketing and development plans of the Information Provider, price and cost data, price and fee amounts, pricing and billing policies, quoting procedures, marketing techniques and methods of obtaining business, forecasts and forecast assumptions and volumes, and future plans and potential strategies of the Information Provider which have been or are being discussed;
   4. ‘Business Operations’ which includes internal personnel and financial information of the Information Provider, vendor names and other vendor information (including vendor characteristics, services and agreements), purchasing and internal cost information, internal services and operational manuals, external business contacts including those stored on social media accounts or other similar platforms or databases operated by the Information Provider, and the manner and methods of conducting the Information Provider’s business;
   5. ‘Product Information’ which includes all specifications for products of the Information Provider as well as work product resulting from or related to work or projects of the Information Provider, of any type or form in any stage of actual or anticipated research and development;
   6. ‘Production Processes’ which includes processes used in the creation, production and manufacturing of the work product of the Information Provider, including but not limited to formulas, patterns, moulds, models, methods, techniques, specifications, processes, procedures, equipment, devices, programs, and designs;
   7. ‘Service Information’ which includes all data and information relating to the services provided by the Information Provider, including but not limited to plans, schedules, manpower, inspection, and training information;
   8. ‘Proprietary Computer Code’ which includes all sets of statements, instructions or programs of the Information Provider, whether in human readable or machine readable form, that are expressed, fixed, embodied or stored in any manner and that can be used directly or indirectly in a computer (‘Computer Programs’); any report format, design or drawing created or produced by such Computer Programs; and all documentation, design specifications and charts, and operating procedures which support the Computer Programs;
   9. ‘Computer Technology’ which includes all scientific and technical information or material of the Information Provider pertaining to any machine, appliance or process, including but not limited to, specifications, proposals, models, designs, formulas, test results and reports, analyses, simulation results, tables of operating conditions, materials, components, industrial skills, operating and testing procedures, shop practices, know-how and show-how;
   10. 'Accounting Information’ which includes without limitation, all financial statements, annual reports, balance sheets, company asset information, company liability information, revenue and expense reporting, profit and loss reporting, cash flow reporting, accounts receivable, accounts payable, inventory reporting, purchasing information and payroll information of the Information Provider; and
   11. 'Confidential Information' including any information that has been disclosed by a third party to the Information Provider and is protected by a non-disclosure agreement entered into between the third party and the Information Provider.
6. 'Confidential Information' will not include the following:
   1. Information that is generally known in the industry of the Information Provider;
   2. Information that is now or subsequently becomes generally available to the public through no wrongful act of the Recipient;
   3. Information rightly in the possession of the Recipient prior to the disclosure to the Recipient by the Information Provider, the burden being on the Recipient to establish this through documentation;
   4. Information that is independently created by the Recipient without direct or indirect use of the Confidential Information, the burden being on the Recipient to establish this through documentation; or
   5. Information that the Recipient rightfully obtains from a third party who has the right to transfer or disclose it, the burden being on the Recipient to establish this through documentation.
7. Except as otherwise provided in this Agreement, the Confidential Information will remain the exclusive property of the Information Provider and will only be used by the Recipient for the Permitted Purpose. The Recipient will not use the Confidential Information for any purpose that might be directly or indirectly detrimental to the Information Provider or any associated affiliates or subsidiaries.
8. The obligations to ensure and protect the confidentiality of the Confidential Information imposed on the Recipient in this Agreement and any obligations to provide notice under this Agreement will survive the expiration or termination, as the case may be, of this Agreement and those obligations will last indefinitely.
9. The Recipient may disclose any of the Confidential Information:
   1. to such employees, agents, representatives and advisors of the Recipient that have a need to know for the Permitted Purpose provided that:
      1. the Recipient has informed such personnel of the confidential nature of the Confidential Information;
      2. such personnel agree to be legally bound to the same burdens of non-disclosure and non-use as the Recipient;
      3. the Recipient agrees to take all necessary steps to ensure that the terms of this Agreement are not violated by such personnel; and
      4. the Recipient agrees to be responsible for and indemnify the Information Provider for any breach of this Agreement by their personnel.
   2. to a third party where the Information Provider has consented in writing to such disclosure; and
   3. to the extent required by law.
10. The Recipient agrees to retain all Confidential Information at their usual place of business and to store all Confidential Information separate from other information and documents held in the same location. Further, the Confidential Information may not be used, reproduced, transformed, or stored on a computer or device that is accessible to persons to whom disclosure may not be made, as set out in this Agreement.
11. Return of Confidential Information The Recipient will keep track of all Confidential Information provided to them and the location of such information. The Information Provider may at any time request the return of all Confidential Information from the Recipient. Upon the request of the Information Provider, or in the event that the Recipient ceases to require use of the Confidential Information, or upon the expiration or termination of this Agreement, the Recipient will:
    1. return all Confidential Information to the Information Provider and will not retain any copies of this information;
    2. destroy or have destroyed all memoranda, notes, reports and other works based on or derived from the Recipient’s review of the confidential information; and
    3. provide a certificate to the Information Provider that such materials have been destroyed or returned, as the case may be.
12. Ownership and Title Nothing contained in this Agreement will grant to or create in the Recipient, either expressly or impliedly, any right, title, interest or license in or to the intellectual property of the Information Provider.
13. INTELLECTUAL PROPERTY, COPYRIGHT AND TRADEMARK All intellectual property and related materials including but not limited to documents, online course material, planning documents, marketing material, STS binders, trust indenture templates or completed documents, training manuals, audio and video productions, film scripts, storyboards, film script notes, any compilation of dramatic works; (oeuvre dramatique) including any related work in progress that is developed or produced under this Agreement, will be the property of the Information Provider.
14. It is further warranted and mutually agreed upon that Information Provider has proprietary copyright and trademark authority over all past, present or pending artwork, real or conceptual materials complete or incomplete and combinations thereof including but not limited to logos, letterheads, mast heads, banners, print and graphic sketches, illustrations, advertisements, designs, novelties, inventions, trade names, catch phrases, posters, slogans figurines, photographs, action shots, fantasy projections, story lines, magazines, albums, entertainment stories, narratives, postcards, trading and playing cards.
15. NON-COMPETITION The Recipient shall not be directly or indirectly involved with a business which is in direct competition with the particular business line of the Information Provider during the continuance of this Agreement or within twenty five (25) years after the termination of this Agreement without the express written consent of the Information Provider. 
16. For the duration of this Agreement, the Recipient shall not divert from the Information Provider any business the Information Provider has enjoyed, solicited or attempted to solicit from other individuals, corporations or special interest groups.
17. NON-SOLICITATION The Recipient shall not induce or attempt to induce any other recipients, employees, consultants, contractors, clients, third-party contacts, or agents to quit or terminate or otherwise interfere with or disrupt the Information Provider’s relationship with such parties.
18. DISPUTE RESOLUTION In the event a dispute arises out of or in connection with this Agreement, the Parties will attempt to resolve the dispute through friendly consultation. If the dispute is not resolved within a reasonable period, then any or all outstanding issues may be submitted to mediation in accordance with any statutory mediation rules. If mediation is not successful in resolving the entire dispute or is unavailable, any outstanding issues will be submitted to final and binding arbitration in accordance with the laws of the Province of Alberta. In the event that legal action is brought to enforce or interpret any term of this Agreement, the prevailing Party will be entitled to recover all reasonable legal costs and fees associated with the action in addition to any other damages and awards.
19. Remedies The Recipient agrees and acknowledges that the Confidential Information is of a proprietary and confidential nature and that any disclosure of the Confidential Information to a third party in breach of this Agreement cannot be reasonably or adequately compensated for in monetary damages and would cause irreparable injury to the Information Provider. Accordingly, the Recipient agrees that the Information Provider is entitled to, in addition to all other rights and remedies available to them at law or in equity,
    1. an injunction restraining the Recipient and any agents of the Recipient, from directly or indirectly committing or engaging in any act restricted by this Agreement in relation to the Confidential Information.
    2. Further, in addition to any other damages that may be awarded by a court of competent jurisdiction, Recipient agrees to general damages of $100,000 USD in the event of any breach of this Agreement;
    3. and to compensatory damages of $1,000,000 USD in the event of a breach of Clause 4 of this Agreement.
20. Notices In the event that the Recipient is required in a civil, criminal or regulatory proceeding to disclose any part of the Confidential Information, the Recipient will give to the Information Provider prompt written notice of such request so the Information Provider may seek an appropriate remedy or alternatively to waive the Recipient’s compliance with the provisions of this Agreement in regards to the request.
21. If the Recipient loses or makes unauthorized disclosure of any of the Confidential Information, the Recipient will immediately notify the Information Provider and take all reasonable steps necessary to retrieve the lost or improperly disclosed Confidential Information.
22. Any notices or delivery required in this Agreement will be deemed completed when hand-delivered, delivered by agent, or seven (7) days after being placed in the post, postage prepaid, to the parties at the addresses contained in this Agreement or as the parties may later designate in writing.
23. The addresses for any notice to be delivered to any of the parties to this Agreement are shown in the signature line and as follows:
    1. Information Provider Name: James Steele on behalf of the Information Provider(s)
    2. Information Provider Name e-mail: james@assetpro.ca 
    3. Recipient Name: (see signature section of this agreement)
    4. Recipient e-mail: (see signature section of this agreement)
24. Representations In providing the Confidential Information, the Information Provider makes no representations, either express or implied as to its adequacy, sufficiency, completeness, correctness or its lack of defect of any kind, including any patent or trademark infringement that may result from the use of such information. The Information Provider will not be liable for any damage or loss that may occur from such provision or use of the Confidential Information.
25. Termination Either party may terminate this Agreement by providing written notice to the other party. Except as otherwise provided in this Agreement, all rights and obligations under this Agreement will terminate at that time.
26. Assignment Except where a party has changed its corporate name or merged with another corporation, this Agreement may not be assigned or otherwise transferred by either party in whole or part without the prior written consent of the other party to this Agreement.
27. Amendments This Agreement may only be amended or modified by a written instrument executed by both the Information Provider and the Recipient.
28. Governing Law This Agreement will be construed in accordance with and governed by the laws of Alberta, Canada.
29. General Provisions Time is of the essence in this Agreement.
30. This Agreement may be executed in counterpart. Unless signed digitally, whereby each party will receive an electronic PDF copy of the completed document upon the last party’s signing, then each counterpart shall be identical, and once executed, the parties agree to provide each other with a copy of the fully signed agreement, consolidating all counterparts into one master document. 
31. Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
32. The clauses, paragraphs, and subparagraphs contained in this Agreement are intended to be read and construed independently of each other. If any part of this Agreement is held to be invalid, this invalidity will not affect the operation of any other part of this Agreement.
33. The Recipient is liable for all costs, expenses and expenditures including, and without limitation, the complete legal costs incurred by the Information Provider in enforcing this Agreement as a result of any default of this Agreement by the Recipient.
34. The Information Provider and the Recipient acknowledge that this Agreement is reasonable, valid and enforceable. However, if a court of competent jurisdiction finds any of the provisions of this Agreement to be too broad to be enforceable, it is the intention of the Information Provider and the Recipient that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable, bearing in mind that it is the intention of the Recipient to give the Information Provider the broadest possible protection against disclosure of the Confidential Information.
35. No failure or delay by the Information Provider in exercising any power, right or privilege provided in this Agreement will operate as a waiver, nor will any single or partial exercise of such rights, powers or privileges preclude any further exercise of them or the exercise of any other right, power or privilege provided in this Agreement. Notwithstanding the foregoing, Information Provider shall notify Recipient in writing of any intended delay or partial exercise of rights under this Agreement within a reasonable time frame, allowing Recipient an opportunity to rectify or respond before full enforcement. Any intended delay of enforcement of rights must be communicated to Consultant in writing within the earlier of a) 90 days of Information Provider becoming aware of the occurrence of the relevant event, or b) Information Provider being formally notified in writing by Recipient of the occurrence of the relevant event.
36. This Agreement will inure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns, as the case may be, of the Information Provider and the Recipient.
37. This Agreement constitutes the entire agreement between the parties and there are no further items or provisions, either oral or otherwise.