BusinessCom NDA 7-20

Download as pdf or txt
Download as pdf or txt
You are on page 1of 3

MUTUAL NON-DISCLOSURE

AGREEMENT

This Mutual Non-Disclosure Agreement (the “Agreement”) is made by and between:

BusinessCom Networks Limited, a company incorporated in England and Wales with registered number 11824518 whose
registered office is at 65 St Paul's Churchyard, London, EC4M 8AB, United Kingdom (hereinafter, “BusinessCom”, “Discloser”,
“Party”).

and

____________________________________________________________________________________________________,
a company with its principal place of business and registered office at

___________________________________________________________________________________________________ ,
(hereinafter, “Company”, “Recipient”, “Party”).

WHEREAS, the Parties wish to enter into discussions to evaluate potential business relationships and/or transactions between
them. The discussions may necessitate the disclosure of non-public information concerning the business and affairs of each
Party, and potentially, of Affiliates of the Party, which the Party disclosing the information (the “Discloser”) considers
confidential or proprietary, and which the Party receiving the information (the “Recipient”) agrees to treat in confidence and to
protect in accordance with the terms of this Agreement. In the case of establishing of business relationships between named
Parties in future all regulation of this Agreement regarding business of each Party and/or mutual business of named Parties will
be in force.

NOW THEREFORE, in consideration of their mutual promises contained herein, the Parties agree as follows:
1.1. Information disclosed under this Agreement may include any and all non-public information, regardless of the
form or manner in which it is disclosed, relating to (a) the business operations, products, systems and/or services
of the Discloser or its Affiliates, which the Discloser designates as confidential or proprietary, and/or
(b) discussions, negotiations and/or agreements between the Parties (hereafter, “Confidential Information”).
1.2. Confidential Information shall also be deemed to include (a) all memoranda, notes whether paper or electronic
correspondent based and other documentation of Recipient and/or Recipient’s agents, representatives and
advisers (hereafter, “Representatives”) relating to, derived from, and/or incorporating Discloser’s Confidential
Information, (b) Confidential Information disclosed prior to the date of this Agreement and (c) this Agreement.
1.3. This is to reaffirm that each of the named Parties as individuals and as duly authorized officers of the named
corporations, separately and individually, hereby agree to keep confidential the names, contact and other kind of
information of the banks, trusts, lenders or borrowers, lending institutions, suppliers, corporations, companies, other
entities, customers, buyers, sellers, distributors, representatives, partners, groups, individuals, Internet via Satellite
Access business, technology, methods and principles of BusinessCom’s business etc., introduced by any of the
named Parties or of their associates. Such information is considered the property of the BusinessCom, and shall
remain so for the term of this Agreement.

Page 1 of 3 Company Initials ______________


1.4. The Parties of this Agreement acknowledge that no effort shall be made to circumvent its terms in an attempt to gain
commissions, fees, remunerations, or considerations to the benefit of any of the Parties of this Agreement, while
excluding equal or agreed to benefits to any of the other Party.

2. A Recipient of Confidential Information shall:


2.1. Take reasonable and necessary steps to preserve the secrecy and confidentiality of the Confidential Information
and avoid the unauthorized disclosure of the Confidential Information to third parties, including, without limitation,
taking such measures of protection as it takes with respect to its own confidential, proprietary or secret
information.
2.2. Ensure that all employees or Representatives to whom the Confidential Information is disclosed under the
Agreement (a) have a need to know the Confidential Information, (b) are aware of the terms of this Agreement
and (c) agree to be bound by this Agreement.
2.3. To the extent required to disclose Confidential Information by law or government regulations (including Securities
Law and./or Exchange Regulations), give Discloser notice prior to such disclosure and co-operate (as Discloser’s
expense) to assist Discloser in obtaining a protective order or other suitable protection if available, and
2.4. Immediately give notice to Discloser of any unauthorized disclosure of Confidential Information of which it is
aware and assist Discloser in remedying such unauthorized disclosure.
3. Within the body of this Agreement, Confidential Information does not include the following:
(a) Information which has become publicly available other than through a breach of this Agreement
(b) Information obtained from a third party who is not bound by a restriction of disclosure.
(c) Information lawfully in the possession of the Recipient before its disclosure took place under the terms of
this Agreement, other than information covered under section 1.3(b).
(d) Information disclosed by the Recipient with the written consent of the Discloser.
(e) Information independently developed by the Recipient.
4. All Confidential Information is disclosed without any warranty, express, implied of otherwise regarding its accuracy or
performance. The disclosure of Confidential Information under this Agreement does not oblige wither Party to disclose
additional Confidential Information or to enter into any further agreement with the other Party. The Parties are
Independent Contractors, and no partnership, joint venture or other relationship is contemplated of created hereby.
5. Disclosures of Confidential Information under this Agreement may be made for a period of one  (1) year from the date
of this Agreement (“the Disclosure Duration”) unless otherwise agreed in writing between the Parties. The Obligations
and the Restrictions laid out in this Agreement will last for a further duration of two (2) years from the expiry of the
Disclosure Duration.
6. A Recipient of Confidential Information shall immediately on request of the Discloser:
(a) return all copies of Confidential Information received by it to the Discloser, or
(b) at Discloser’s option, destroy all such copies, and
(c) as appropriate, certify such return or such or such destruction in writing to the Discloser.
7. Neither Party may assign or transfer any rights or obligations under this Agreement without the prior written consent of
the other Party, except that each Party shall have the right to assign this Agreement without consent to an Affiliate.
8. All Confidential Information is and shall remain the property of Discloser, and no license or any rights under any patent,
registered design, copyright, design right or any intellectual property or similar right belonging to either Party are
implied or granted under this Agreement.
9. Recipient acknowledges that (a) any breach of any of the promises or agreements herein will result in irreparable and
continuing damage to Discloser for which there will be no adequate remedy at law, and (b)  in the event of breach,
Discloser shall be entitle to seek injunctive relief and/or a decree for specific performance, and such other relief as may

Page 2 of 3 Company Initials ______________


be proper (including monetary damages if appropriate).
10. Should any provision of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the remaining
provisions of this Agreement shall not be affected or impaired thereby.
11. This waiver by Discloser of a breach of any provision of this Agreement by Recipient shall not operate or be construed
as a waiver of any other or subsequent breach by Recipient.
12. BusinessCom agrees that the Recipient (or its Affiliate) may process personal data (for example, contact details)
provided by the Discloser under this Agreement (hereinafter, “Personal Data’) for the purpose of this Agreement and/or
for purposes connected with the subject matter of the disclosure and/or business relationship between the Parties,
consistent with applicable law and regulation. Furthermore, the BusinessCom confirms that it has obtained all
necessary consents to such processing from the data subjects concerned and acknowledges that such processing
may include transferring Personal Data to Affiliates of the Recipient worldwide and/or its storage in a local or foreign
database.
13. This Agreement shall be governed by and interpreted according to the law of England and Wales and all disputes
arising under the Agreement (including non-contractual disputes or claims) shall be subject to the exclusive jurisdiction
of the English and Welsh courts.
14. This Agreement constitutes the entire agreement of the Parties with respect to the subject matter hereof, supersedes
any and all other agreements between them concerning Confidential Information, and can only be amended in writing,
signed by both Parties.

IN WITNESS THEREOF, the Parties have caused this Agreement to be executed by authorized representatives, effective as of
the date written below.

BUSINESSCOM NETWORKS LIMITED ______________________________________________


(“BusinessCom”, “Discloser”or “Party”) (“Company”, “Recipient” or “Party”)

By: __________________________________ By: _____________________________________


(signature) (signature)

Print Name: Maxym Usatov Print Name _______________________________

Title: Director Title: ____________________________________

Date: _________________________________ Date: ____________________________________

Page 3 of 3 Company Initials ______________

You might also like