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East Stream Group, LLC Non Disclosure Agreement
In connection with your consideration of a possible transaction or business relationship (the “Potential Transaction”) with East Stream Group, LLC dba Liner House / East Stream Studio (the ”Company”), you may be provided creative materials, operational, technical and other information relating to the past, present and future businesses and affairs of the Company (collectively, the ”Confidential Information”). As a condition to you being furnished any Confidential Information, you agree to the terms set forth in this letter.
All Confidential Information is the exclusive proprietary property of the Company. The Confidential Information has competitive value and is of a confidential nature such that there would be damage to the Company if any Confidential Information is disclosed to any person not in accordance with the terms of this letter agreement. As a result, you will not disclose the Confidential Information to any third party, except as needed to your agents, consultants, advisors or other representatives, including legal counsel, accountants and financial advisors (your “Representatives”) and will only use the Confidential Information for the purpose of evaluating the Potential Transaction. Your Representatives will be bound by the terms of this letter agreement as you are, and you will be liable for any breach of the letter by your Representatives. You will enforce this letter agreement as to your Representatives and take such action, legal or otherwise, to the extent necessary to cause them to comply with this letter agreement and thereby prevent any disclosure of the Confidential Information by any of your Representatives. You will not disclose to any third party, other than your Representatives, that the Confidential Information has been disclosed to you or your Representatives, or that you or your Representatives have inspected any portion of the Confidential Information or that any discussions or negotiations are taking place concerning the Potential Transaction. Further, neither you nor your Representatives will initiate or cause to be initiated any communication with any employee of the Company concerning the Confidential Information or the Potential Transaction, without the prior written consent of the Company.
The Company would be irreparably harmed by a breach of the letter by you and it may be difficult to estimate damages resulting from such a breach, so the Company will be entitled to injunctive or such other equitable relief as may be appropriate to prevent a breach or threatened or continuing breach of this letter in addition to all other remedies available at law or in equity to the Company. You will indemnify and hold the Company harmless from any damages, costs, liabilities, or losses arising out of your breach of this letter.
Neither the Company nor you will be under any legal obligation (except for the matters specifically agreed to in this letter) with respect to the Potential Transaction by virtue of this letter or any other actions unless a definitive written agreement is signed by you and the Company.
At the Company’s request, you (a) shall deliver to the Company all tangible materials received from the Company or generated by you which contain Confidential Information; and (b) shall delete any electronic copies of such Confidential Information in your possession.
This letter is the entire agreement between you and the Company about the Confidential Information and the Potential Transaction and supersedes any previous oral or written communications or agreements. This letter will be governed by North Carolina law. No amendment or modification of this letter or waiver of its terms and conditions will be binding unless approved in writing by both you and the Company.
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