Non Disclosure Agreement
Non Disclosure Agreement
Non Disclosure Agreement
[Name of the first Party] with its head office located at [Address of the
first Party] (hereinafter called the [Short Name or Acronym]), on the one
hand
And
[Name of the second Party] with its head office located at [Address of the
second Party] (hereinafter called [Short Name or Acronym]), on the
other hand.
[Name of the first Party] and [Name of the second Partner] are each a
disclosing Party (hereinafter called Discloser) and a receiving party
(hereinafter called Recipient) under this Agreement.
Both the above for the purpose of this Agreement hereinafter collectively
called the Parties and individually called the Party.
WHEREAS
(b) the Parties agree on the terms and conditions, upon which one Party
will disclose such Confidential Information to the other Party.
3. The Parties agree that during the term of this Agreement and for a
period of 3 years from the expiration or termination of this
Agreement, Recipient shall (i) not disclose Confidential Information
to any third party; (ii) restrict disclosure of Confidential Information
to only those employees, agents or consultants who must be
directly involved with the Confidential Information for the evaluation
Purpose as set forth in paragraph 1 above and who are bound by
confidentiality terms substantially similar to those in this
Agreement; (iii) not reverse engineer, de-compile or disassemble
any Confidential Information; (iv) use the same degree of care as for
its own information of like importance, but at least use reasonable
care, in safeguarding against disclosure of Confidential Information;
and (v) promptly notify Discloser upon discovery of any
unauthorized use or disclosure of the Confidential Information and
take reasonable steps to regain possession of the Confidential
Information and prevent further unauthorized actions or other
breach of this Agreement.
Signatures .. Signatures .
Name Name ..
Title . Title
Seal Seal