Non-Disclosure Agreement
· Effective
Relationship:
This Non-Disclosure Agreement (the "Agreement") is entered into on the Effective Date between the parties named below.
BETWEEN
(), of , , ("Disclosing Party")
AND
(), Reg / ID: , of , , ("Receiving Party")
The Disclosing Party and the Receiving Party are each a "Party" and together the "Parties".
Receiving party contact (optional):
1. PURPOSE
1.1 The Parties intend to discuss and evaluate:
("Purpose").
1.2 In connection with the Purpose, the Disclosing Party may disclose Confidential Information to the Receiving Party.In connection with the Purpose, each Party may disclose Confidential Information to the other Party.
1.3 The Receiving Party may use Confidential Information solely for the Purpose and for no other purpose whatsoever, without the prior written consent of the Disclosing Party.Each Party may use Confidential Information received from the other Party solely for the Purpose and for no other purpose whatsoever, without the prior written consent of the disclosing Party.
1.4 This Agreement does not oblige either Party to enter into any further agreement, to proceed with the Purpose, or to disclose any particular information.
2. DEFINITIONS AND INTERPRETATION
2.1 In this Agreement, unless the context requires otherwise:
"Confidential Information" means all information, in any form or medium, relating to a Party or its affiliates that is disclosed in connection with the Purpose, including business, technical, financial, customer, product, trade secret and strategic information, and the existence of this Agreement and the discussions between the Parties.
"Representatives" means a Party's affiliates and its and their directors, officers, employees, professional advisers and contractors who need to know Confidential Information for the Purpose.
"Trade Secrets" means Confidential Information that constitutes a trade secret under applicable law.
3. OBLIGATIONS
The Receiving Party shall hold all Confidential Information in strict confidence, use it only for the Purpose, not disclose it except to Representatives bound by equivalent obligations, and promptly notify the Disclosing Party of any unauthorised use or disclosure.Each Party shall hold all Confidential Information received from the other Party in strict confidence, use it only for the Purpose, not disclose it except to Representatives bound by equivalent obligations, and promptly notify the disclosing Party of any unauthorised use or disclosure.
Ownership of Confidential Information remains with the disclosing Party. No licence or assignment of intellectual property is granted except the limited right to use Confidential Information for the Purpose.
4. EXCLUSIONS
The obligations in this Agreement do not apply to information that the recipient can demonstrate: (a) is or becomes public other than through breach; (b) was already in its possession on a non-confidential basis; (c) was independently developed without use of Confidential Information; or (d) was lawfully obtained from a third party not under confidentiality obligations.
If compelled by law to disclose Confidential Information, the recipient shall (where permitted) give prompt notice, disclose only what is legally required, and seek confidential treatment.
5. TERM AND SURVIVAL
This Agreement commences on the Effective Date and continues for unless earlier terminated by either Party on thirty (30) days' written notice.
Confidentiality obligations survive expiry or termination for months.
6. RETURN OR DESTRUCTION OF MATERIALS
Upon written request, and on expiry or termination, the recipient shall return or securely destroy Confidential Information and certify destruction in writing within ten (10) days.
7. NO LICENCE AND NO WARRANTY
All Confidential Information is provided "as is". No representation or warranty is given as to accuracy or fitness for purpose. Nothing grants any intellectual property licence other than the limited use right for the Purpose.
8. REMEDIES
The Parties acknowledge that breach may cause irreparable harm. The injured Party may seek urgent injunctive or equitable relief in addition to any other remedies available at law.
9. GOVERNING LAW AND DISPUTE RESOLUTION
This Agreement is governed by the laws of .
Disputes shall be resolved by .
10. GENERAL
This Agreement constitutes the entire agreement between the Parties regarding its subject matter. Amendments must be in writing and signed by both Parties. If any provision is invalid, the remainder continues in force. Notices must be in writing to the addresses stated above. This Agreement may be executed in counterparts. Electronic signatures are valid.
For months, the Receiving Party shall not solicit or employ the Disclosing Party's employees with whom it had material contact in connection with the Purpose.
Additional clauses (optional):
IN WITNESS WHEREOF
the Parties have executed this Agreement on the Effective Date.
For the Disclosing Party
Signature
Name
Title
Date
For the Receiving Party
Signature
Name
Title
Date
Witness for the Disclosing Party
Signature
Name
Title
Date
Witness for the Receiving Party
Signature
Name
Title
Date
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