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Simple Non Disclosure Agreement (NDA)
Simple Non Disclosure Agreement (NDA)
The Parties acknowledge and agree that the disclosure referred to in the
Recital may include the exchange of valuable and confidential and proprietary
information of both parties and agree to receive and hold the information
upon the terms and conditions set forth in this Agreement.
2.
For the purposes of this Agreement the term "Proprietary Information" shall
mean any information disclosed by one Party (the Disclosing Party) to the
other Party (the Receiving Party) under this Agreement, whether in writing,
orally, visually, in the form of samples or models or otherwise, provided that
such information, if written, is clearly and conspicuously marked as being
proprietary or confidential and if oral, visual or in other non-written form is
designated as Proprietary Information at the time of disclosure and confirmed
in writing within thirty (30) days of disclosure; All the protections and
restrictions in this Agreement as to the use and disclosure of Proprietary
Information shall apply during the period of thirty days referred to above.
3.
4.
b.
c.
d.
e.
not make any direct contact to either parties client(s) unless agreed in
advance with both parties.
5.
The obligations and restrictions provided in clause 4 hereof shall not apply to
any of the information, which the Receiving Party can show:
a.
b.
c.
is lawfully obtained by the Receiving Party from a third party with full
rights of disclosure and without similar obligations of confidence, or
d.
6.
the Receiving Party shall have used at least the same degree of care as
it uses to protect its own Proprietary Information of like importance,
subject to the proviso that such degree of care shall be no less than a
reasonable degree of care, and
b.
7.
The Parties hereto understand and agree that the Receiving Party does not
acquire by implication or otherwise any right in or title to or licence in respect
of Proprietary Information disclosed to the Receiving Party pursuant to this
Agreement.
8.
9.
This Agreement shall not detract from any right of the Receiving Party arising
by way of any other agreement.
a.
for six months from the date hereof after which it will automatically
terminate unless renewed by mutual consent of the Parties hereto in
writing,
b.
12. Notwithstanding its earlier termination, the obligations and restrictions relating
to the disclosure and use of Proprietary Information shall survive for a period
of five years from the date of this Agreement.
13. On termination of this Agreement for any reason the Receiving Party will on
request of the Disclosing Party return to the Disclosing Party all documents
containing the Disclosing Party's Proprietary Information, together with all
relevant samples and models, which it has in its possession pursuant to this
Agreement.
14. The points of contact for the disclosure of Proprietary Information under this
Agreement shall be:
a.
b.
15. The rights and obligations of each Party hereto under this Agreement shall
not be assigned without the prior written consent of the other Party hereto
unless for the purposes of corporate re-organisation, amalgamation or reconstruction.
16. This agreement shall be governed by, and construed in accordance with, the
laws of the United Kingdom and the parties irrevocably submit to the
exclusive jurisdiction of the Courts of United Kingdom.
Title:
Title:
Date:
Date: