Confidential Disclosure Agreement



S.T.P. Enterprise, Inc. and David B. Simon, Esq., their employees, agents, and representatives, (hereinafter the "Company") possess valuable information, technical experience and data of a secret confidential nature relating to the leveraging of a universal life insurance policy which enables an insured to purchase life insurance at an initial no out-of-pocket cost. Such information is a commercial asset of considerable value to the Company and the Company is willing to disclose and permit disclosure of such confidential information to consider the viability of a mutual relationship between the parties and such other agreement as the parties may make regarding the confidential information.

To protect the property rights of the Company in such information, the parties hereto agree as follows:

  1. The Company agrees to disclose such information to the disclosee and agrees that a sufficient amount of such information shall be disclosed to permit the disclosee to evaluate and work with such information.

  2. The disclosee agrees not to divulge any confidential information, in whole or in part, to any third party (except in confidence to those of its employees who would require knowledge of such information) without written permission of the Company.

  3. Subject to the expectations set forth below, the disclosee agrees not to disclose for a period five (5) years all such information concerning the subject to leverage or arbitrage life insurance which enables clients to purchase life insurance at an initial no out-of-pocket cost. The disclosee further agrees not to use any such information which it is obligated to keep confidential hereunder for any purpose other than evaluation and consulting for the company without first securing the written permission of the Company to otherwise use such information.

  4. The disclosee agrees to treat as confidential information and to hold in confidence any and all information disclosed to the disclosee by the Company except:

    1. Information which at the time of disclosure by the Company to the disclosee is in the public domain as evidenced by printed publications;

    2. Information which after disclosure by the Company to the disclosee, becomes part of the public domain by publication or otherwise through no fault of the disclosee and,

    3. Information, which the disclosee can show by written document, was in the disclosee's possession at time of disclosure and was not acquired, directly or indirectly from the Company.

    4. Information that is independently developed by the disclosee in the future.

  5. The Company agrees that after five (5) years from the effective date hereof, the disclosee shall be relieved from all obligations under this Agreement, and the Company further agrees that after five (5) years from the effective date hereof, it will rely on whatever protection may be obtained under copyright laws for the protection of any information communicated to the disclosee hereunder.

I accept

I don't accept


SUITE  102
BOCA RATON, FL 33432-6080
VOICE:  561-417-8980
TOLL FREE:  800-519-0234
CHICAGO, IL 60601-0773
VOICE:  312-819-0773
FAX:  312-819-0773

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Copyright   S.T.P. Enterprises, 1998