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Legal · musicnurds Standard Agreements
musicnurds standard agreements governing introductions, opportunity disclosures, and shopping engagements. All agreements are confidential and legally binding.
musicnurds, a music industry solutions company ("musicnurds" or "Introducing Party"), acting as the duly authorized exclusive representative in connection with the Opportunity described herein.
The individual or entity executing this Agreement, together with its parent companies, subsidiaries, affiliates, officers, employees, agents, advisors, and representatives (collectively, "Receiving Party").
WHEREAS, musicnurds is engaged in the business of music industry advisory, transactions, and introductions, including representation of companies and rights holders in connection with acquisitions, platform sales, publishing transactions, and strategic partnerships;
WHEREAS, musicnurds holds an engagement to represent a certain music industry company (the "Target") in connection with the potential sale of the Target's entire platform, business assets, and related interests (the "Opportunity");
WHEREAS, as a condition of receiving any information regarding the Opportunity — including the identity of the Target — the Receiving Party agrees to be bound by the terms of this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
All information disclosed by musicnurds — including the identity of the Target, financial data, operational details, and any other non-public information — shall constitute "Confidential Information."
The Receiving Party shall hold all Confidential Information in strict confidence and use it solely to evaluate the Opportunity in good faith through musicnurds.
No Confidential Information shall be disclosed to any third party without prior written consent of musicnurds, except to advisors bound by equivalent obligations.
Confidentiality obligations survive termination for five (5) years.
The Receiving Party shall not, directly or indirectly, contact, solicit, negotiate with, or enter into any transaction with the Target or its affiliated parties without the prior written consent of musicnurds.
This prohibition applies to any transaction involving the Target, including acquisitions, licensing, joint ventures, publishing deals, or any commercial relationship introduced through this engagement.
The Receiving Party shall not use any information provided by musicnurds to engage the Target through any alternate channel, intermediary, or affiliated party.
Non-circumvention obligations remain in force for twenty-four (24) months from the effective date.
musicnurds is the exclusive authorized representative of the Target for this Opportunity. Any transaction involving the Target consummated during the term or tail period shall be deemed introduced by musicnurds, regardless of channel.
The Receiving Party shall not take any action designed to exclude, minimize, or eliminate musicnurds' role in any related transaction.
If the Receiving Party or any affiliate enters into a transaction with the Target during or after the term, musicnurds is entitled to its full negotiated fee as if it had remained the advising party throughout.
Fee protection applies for twenty-four (24) months following the effective date, covering any transaction made possible through information provided by musicnurds.
Any attempt to circumvent musicnurds' fee entitlement constitutes a material breach and entitles musicnurds to all available remedies.
In the event of breach, musicnurds is entitled to: (i) injunctive relief without posting bond; (ii) damages equal to the full fee musicnurds would have earned; (iii) recovery of all legal fees and enforcement costs; and (iv) any other remedy available under applicable law. All remedies are cumulative.
Confidential Information is provided solely to evaluate the Opportunity through musicnurds. No license, ownership interest, or right of any kind is transferred to the Receiving Party.
Nothing herein obligates either party to proceed with any transaction. Either party may terminate discussions at any time; non-circumvention and confidentiality obligations survive.
Governed by the laws of the State of New York. Disputes resolved by binding arbitration under AAA rules in New York, NY, except either party may seek emergency injunctive relief in court.
This Agreement constitutes the entire agreement between the parties on its subject matter. Amendments require a written instrument signed by both parties.
This Agreement may be executed in counterparts. Electronic and digital signatures are valid and binding to the same extent as original ink signatures.
Agreed and Accepted