This Non-Disclosure Agreement (the "Agreement") is entered into on (the "Effective Date") by and between
, an individual registered at (hereinafter referred to as the "Disclosing Party"), and
, an individual registered at (hereinafter referred to as the "Receiving Party"), collectively referred to as the "Parties" and individually as a "Party".
PURPOSE OF THE AGREEMENT. The Parties intend to engage in the negotiation and sharing of confidential information for the purpose of (the "Purpose").
CONFIDENTIAL INFORMATION. Confidential information includes any non-public information, whether written, oral, electronic, or any other form the Disclosing Party shares with the Receiving Party. This information is marked confidential or should reasonably be understood to be confidential based on the nature of the information and the circumstances surrounding its disclosure (the "Confidential Information").
The Confidential Information excludes:
Information already in the possession of the Receiving Party before disclosure by the Disclosing Party;
Information that became publicly known without any fault of the Receiving Party;
Information independently developed by the Receiving Party without reference to the Disclosing Party's Confidential Information.
NON-DISCLOSURE OBLIGATIONS. The Receiving Party agrees to:
Keep all the Confidential Information private and not disclose it to third parties without the prior written consent of the Disclosing Party;
Use the Confidential Information exclusively for the Purpose specified above and take all reasonable precautions to protect its confidentiality;
Limit access to the Confidential Information to employees, contractors, or consultants who have a legitimate need to have access to it and are under binding confidentiality obligations no less restrictive than those set forth in this Agreement;
Notify the Disclosing Party immediately of any disclosures that become known to the Receiving Party.
TERM AND TERMINATION. This Agreement shall commence on the Effective Date and shall continue for unless terminated earlier by the Disclosing Party upon sending written notice releasing the Receiving Party from this Agreement earlier.
PERMITTED DISCLOSURE. The Recipient Party is allowed to disclose the Confidential Information as required by law, court order, or governmental regulations. If such situations arise, the Recipient Party shall promptly notify the Disclosing Party of the required disclosure and cooperate with the Disclosing Party to protect the confidentiality of the information.
The Recipient Party may also disclose the Confidential Information with the written consent of the Disclosing Party.
RETURN OF THE CONFIDENTIAL INFORMATION. Under the written request of the Disclosing Party, the Receiving Party shall promptly return or destroy all the Confidential Information, including any copies. However, the Receiving Party may retain copies of the Confidential Information as required by applicable law or regulations. The retained Confidential Information shall remain subject to the confidentiality obligations in this Agreement.
REMEDIES. The Parties acknowledge that in the event of a breach of this Agreement, the Disclosing Party may seek injunctive relief, monetary damages, or other remedies permitted by law.
In the event of a breach of this Agreement, the Recipient Party is obligated to compensate the Disclosing Party for damages, costs, and expenses resulting from such violation and to pay the Disclosing Party a penalty of for each confirmed violation case.
NOTICE. Any notice or communication required to be given under this Agreement shall be sufficiently given if delivered personally or by certified mail, a return receipt requested to the address set forth in the opening paragraph or to such other address as one Party may have furnished to the other Party in writing. It may also be delivered to the email address set forth below.
If to the Receiving Party: ;
If to the Disclosing Party: .
Either Party may change the registered mail or email address for receipt of notices by giving written notice to the other Party.
GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of , except for its conflict of laws principles. Any action or proceeding resulting from or related to this Agreement shall be resolved by the courts located in the State of .
SEVERABILITY. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall still be valid and enforceable.
ASSIGNMENT. Neither Party may assign or transfer this Agreement without obtaining prior written consent from the non-assigning Party, which approval shall not be unreasonably withheld.
WAIVER. The failure of any Party to enforce a particular provision of this Agreement shall not constitute a waiver of their right to enforce that provision in the future.
ENTIRE AGREEMENT. This written Agreement represents the entire agreement between the Parties and supersedes any prior oral or written agreements.
AMENDMENTS. This Agreement may only be modified, or any rights under it waived, by a written document executed by both Parties.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
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THE DISCLOSING PARTY |
THE RECEIVING PARTY |
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, USA | , USA |
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__________________________________ | __________________________________ |
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