This Confidentiality / Nondisclosure Agreement (the Agreement), dated as of 4/25/2025, is entered into between McNair Collegiate Partners (the Company), and __________________, (the Receiving Party) (collectively, the Parties) in regard to: Texan Villas located at 555 Dublin Ave, Stephenville, TX 76401.
The Parties wish to explore one or more investment opportunities provided by the Company to the Receiving Party (the Business Purpose), in connection with which the Company has prepared certain Confidential Information (defined below), which has been or will be disclosed to the Receiving Party. The purpose of this Agreement is to protect the Company’s Confidential Information while allowing the Parties to effectively discuss and evaluate the Business Purpose. The duties and obligations assumed by the Parties to this Agreement extend to their respective legal representatives, successors, and assigns and will survive the cessation of any discussion between the Parties regarding the Business Purpose.
As used in this Agreement, Confidential Information means information and physical material not generally known or available outside the Company, which is disclosed or transmitted to the Receiving Party orally, visually, electronically, or in writing in furtherance of the Business Purpose, including but not limited to: data, forecasts, reports, interpretations, know-how, technology, compositions, devices, plans, strategies, studies, employee information, intellectual property, the substance of agreements with clients, contractors, and other third parties, marketing plans or arrangements, strategic partnerships, customer lists, contractor lists, trade secrets, development plans, research, inventions, ideas, concepts, designs, methods, processes, pricing policies, financial records and reports, the existence of the discussions between the Parties, and any other information normally understood to be or designated as confidential, whether obtained by the Receiving Party through the Company’s disclosures or through the Receiving Party’s observations and inferences.
The Receiving Party agrees to hold the Confidential Information in the strictest confidence and will not directly or indirectly disclose, duplicate, or transmit the Confidential Information, nor permit anyone else to do so, without the Company’s written authorization. The Receiving Party will not use this information in any way that may be detrimental to the Company and, upon request, will return any written material(s) provided by the Company.
The Company will disclose the Confidential Information and proceed with the Business Purpose at its own discretion. Nothing in this Agreement, nor any action taken by the Receiving Party, including any payment by the Receiving Party to the Company, prior to the consummation of the Business Purpose will convey any right, title, license, or interest in the Confidential Information to the Receiving Party. The Receiving Party acknowledges that the Company does not guarantee or warrant the accurateness or completeness of the Confidential Information and does not purport to convey all information that a potential investor may require in order to make an investment decision. The Company is under no obligation to update or modify any Confidential Information previously disclosed to the Receiving Party unless requested to do so in writing by the Receiving Party.
This Agreement shall terminate upon the earlier of: (i) twelve (12) months from the date of execution (including electronic signing) or (ii) upon execution of a definitive written agreement.
