Client acknowledges that if Client engages in any of the activities of Section 8a-8c, Client will pay to FMEC two (2) times the Client’s previous six (6) months Practice Platform fees received by Client as liquidated damages. Such damages shall be due following the date of Termination in equal payments every three (3) months for thirty-six (36) months. For example, if Client has received $5,000 a month for the previous six months prior to Termination, liquidated damages would be $60,000 (2 x $5,000 x 6 months), payable in twelve (12) quarterly payments of $5,000 staring three months after Termination.
If Client pursues any of the activities in Section 8a-8c and does not pay to e3Business liquidated damages due, Client acknowledges that e3Business may obtain a restraining order against continued activities in Section 8a-8c and a summary judgement of remaining liquidated damages owed. In the event of a summary judgement for liquidated damages, Client acknowledges that ALL liquidated damages, court costs and expenses will be due upon the entry of the summary judgement.
8) Confidentiality. Neither party shall disclose or discuss the specifics of any trade secret, technical information, form, agreement or operational approach developed by the other party or its personnel with any third party or its personnel. Neither party shall continue to use, adapt or create a similar product of any trade secret, technical information, form, agreement or operational approach developed by the other party after the termination of this Agreement.
Client acknowledges that FMEC’s operations, including its structure, contracting and management of practices, resources and vendors through a client site or “platform” constitutes confidential information of FMEC. Client acknowledges that breach of confidentiality regarding FMEC’s confidential information shall trigger Termination of this Agreement and Liquidated Damages in accordance with Section 7 above.
9) Hold Harmless. FMEC and Client agree to hold harmless the other party, their owners, officers, directors, managers, members, employees, resources, representatives, agents, consultants, affiliates, and vendors for any and all claims or liability arising from this Agreement. Client agrees to hold harmless Practice Platform Resources for content included on the Practice Platform. Except for Section 5, Section 7 and Section 8, the exclusive remedy available to either party for any breach of this Agreement is Termination in accordance with Section 6.
10) Choice of Law. The laws of the state of Nevada shall govern the validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties hereto.
11) Dispute Resolution. Parties agree that, except for credit card/bank charge/charge back disputes, Section 7 “Liquidated Damages,” and Section 8 “Confidentiality,” the sole remedy for any controversies arising out of the terms of this Agreement or its interpretation for either party shall be Termination of the Agreement in accordance with Section 6.
12) Headings. Section headings are not to be considered a part of this Agreement and are not intended to be a full and accurate description of the contents hereof.
13) Waiver. Waiver by one party hereto of breach of any provision of this Agreement by the other shall not operate or be construed as a continuing waiver.