Thrivepoint Non-Disclosure, Non-Circumvent, Non-Compete
This Mutual Nondisclosure Agreement (the “Agreement”) is effective as of (“Effective Date”) by and between Thrivepoint North, LLC, aka HyperbaricHealth.io, Hyperbaric Int'l, or Bare Foundation, LLC Scott Aadal, or replated companies et al., located at 4445 Corporation Ln Suite 200, Virginia Beach, VA 23462 (“Thrivepoint”) and , located at herein referred to as the Partner.
The partners are considering a potential business transaction (the “Opportunity”) and are entering into this Agreement so that they can share confidential information pertinent to the opportunity with confidence that the other Party will use such confidential information only to evaluate the Opportunity and will not disclose that confidential information, except in accordance with the terms of this Agreement. WHEREAS, as a consequence of this agreement, Thrivepoint and Partner may become deeply engaged with each other’s business methods, including, but not limited to, unique technical services, management practices, business techniques, clients and their cases; and
2) Confidential Information.
“Confidential Information” means all information concerning or related to the business, vendors, costs, operations, results of operations, assets and affairs of a Disclosing Party, including, but not limited to, financial and accounting information, budgets, projections, forecasts, business plans, operating methods, business strategies, product and service information, product plans, product specifications, product designs, processes, plans, drawings, concepts, research and development data and materials, systems, techniques, trade secrets, intellectual property, software programs and works of authorship, know-how, marketing and distribution plans, planning data, marketing strategies, price lists, market studies, employee lists, supplier lists, customer and prospect lists, and supplier and other customer information and data that the Disclosing Party or its Representatives discloses (or has, prior to the date of this Agreement, disclosed) to the Recipient or its Representatives in connection with the Opportunity.
Each Party in its capacity as a Recipient agrees to use the Confidential Information provided by the other Party solely for the purpose of evaluating the Opportunity, and for no other purpose, and further agrees to keep confidential and not disclose to any third party any Confidential Information.
The partner acknowledges and agrees that some or all of the property that constitutes the partner's confidential information may not be a trade secret or qualify for protection under copyright or patent law. The partner nevertheless acknowledges the property rights of all partners and Confidential information without regard to whether the Confidential information is or may be subject to protection under any copyright, patent, trade secret, or other laws, it being the specific intent of the partner that the provisions of this Agreement are to be in addition to any protection, right, or remedy otherwise provided by law or available in equity.
3) Term.
The term of this Agreement shall be three (3) years commencing on the date of mutual execution and will continue if such business relationship continues.
4) Confidentiality Covenants.
Relationship. The following categories shall not constitute the Disclosing Party’s Confidential Information:
6) NON-DISPARAGEMENT:
7) No Circumvention Covenants.
The Receiving Party shall not at any time, for a period of three (3) years from the date of execution of this Agreement, without the prior written consent of the Disclosing Party, which consent may be withheld in the Disclosing Party's sole discretion, bypass, compete, avoid, circumvent, or attempt to circumvent the Disclosing Party in any manner to deal directly with any of the Disclosing Party's customers, vendors, or contacts in any way, in an attempt to obtain them as their own.
8) NON-COMPETE.
Throughout the duration of this agreement, the Recipient shall not, in any manner, represent, provide services, or engage in any aspects of business that would be deemed similar in nature to the business of Hyperbaric Health without the written consent of the management. Failure to do so will result in a five thousand-dollar-a-day fine.
9) Specific Enforcement.
The partner each agree that their obligations set forth in this Agreement are necessary and reasonable in order to protect the Disclosing Party and its business. The partner each expressly agree that due to the unique nature of the party's confidential information, monetary damages may be inadequate to compensate the Disclosing Party for any breach by the Receiving Party of its covenants and agreements set forth in this Agreement. Accordingly, the Receiving Party agrees and acknowledges that any such violation or threatened violation may cause irreparable injury to the Disclosing Party and that, in addition to any other remedies that may be available in law, in equity, or otherwise, the Disclosing Party shall be entitled to obtain injunctive relief.
10) No Waiver.
No action taken by either party in connection with this Agreement, including any investigation by or on behalf of such party, shall be deemed to constitute a waiver of compliance with any representation, warranty, covenant, or agreement contained herein or in any document delivered by the Disclosing Party in connection with the activities contemplated by this Agreement. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.
11) No Rights Granted.
Nothing in this Agreement shall be construed as granting any rights under any patent, copyright, trademark, or other intellectual property right of the Disclosing Party, nor shall this Agreement grant the Receiving Party any rights in or to the Disclosing Party’s Confidential information other than the limited right to review such Confidential Information solely for the purpose of determining whether to enter into the Relationship.
12) Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be valid and of full force and effect, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions of this Agreement.
13) Jurisdiction; Governing Law.
The partner expressly agree that exclusive jurisdiction for any claim or dispute relating in any way to this Agreement resides in the courts of the jurisdiction of the commonwealth of Virginia and agrees and expressly consents to the exercise of personal jurisdiction of said Courts.
14) Counterparts.
This Agreement may be executed in one or more counterparts, including by means of facsimile (or similar electronic transmission method) signature pages, each of which shall be deemed to be an original and together which shall constitute one and the same instrument.
In the name of and on behalf of
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Signed by Scott Aadal Signed On: December 12, 2025
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Document Name: Thrivepoint Non-Disclosure, Non-Circumvent, Non-Compete
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