NDA and non-circumvention
Version 1.0
- Keep the unit, the rig name and the price confidential.
- Deal through tx*. For 24 months you will not go around an introduction.
- The fee follows the introduction if the sale closes.
NDA and non-circumvention
Version 1.0
- Keep the unit, the rig name and the price confidential.
- Deal through tx*. For 24 months you will not go around an introduction.
- The fee follows the introduction if the sale closes.
Txfers Pte. Ltd. (in formation) introduces the parties on txoilrig. The text below is the confidentiality and non-circumvention agreement for this lane.
1. Confidential information. "Confidential Information" means all information disclosed through txoilrig about a unit, including identity, rig name and owner name, specifications, pricing and the fact that a unit may be for sale.
2. Use and disclosure. You will use Confidential Information solely to evaluate a possible transaction and will not disclose it except to advisers who need to know it and are bound by confidentiality.
3. Non-circumvention. For 24 months after an introduction you will not knowingly deal with that counterparty about that unit except through tx*.
4. Fee. If you close a transaction introduced through a mandate, the success fee shown on the lane is due on closing. The mandate deposit is credited against that fee.
5. No agency. tx* introduces parties. It is not a party to the sale.
6. Screening. tx* may decline or pause a mandate or an introduction where sanctions or ownership is unclear. A cleared status is a staff decision, not a warranty.
7. Version. The version stamped on the acceptance record is the text that was hashed.