Zl-Mutual Nda
Zl-Mutual Nda
Zl-Mutual Nda
This Mutual Confidentiality and Non- Disclosure Agreement (“Agreement”) is entered into
on the [---date---] day of [---month---] 2021.
BY AND BETWEEN:
Zomato Limited (formerly known as Zomato Private Limited and Zomato Media
Private Limited), a company incorporated and registered in India under the Companies Act,
1956, and having its registered office at GF-12A, 94 Meghdoot, Nehru Place, New Delhi -
110019, India (hereinafter referred to as the “Zomato”, which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and include all its successors
and permitted assigns) of the One Part;
AND
[---company name---], a company incorporated under the laws of the Companies Act, 2013
having its registered at [---registered address---] (hereinafter referred to as “Service
Provider”) which expression shall, unless repugnant to the context or meaning thereof, be
deemed to mean and include its successors and permitted assigns of the SECOND PART.
(Zomato and Service Provider are hereinafter collectively referred to as the “Parties” and
individually as a “Party”.)
BACKGROUND
The Disclosing Party wishes to disclose to the Recipient and wishes to ensure that the
Recipient maintains the confidentiality of, the Disclosing Party's Confidential Information. In
consideration of the benefits to the Parties of disclosing and receiving the Confidential
Information, the Parties have agreed to comply with the following terms in connection with
the use and disclosure of Confidential Information.
AGREED TERMS
1.1 The following definitions and rules of interpretation in this clause apply in this
Agreement:
Business Day: a day (other than a Saturday, Sunday, or public holiday) when the
banks in New Delhi are open for business.
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the past, present or future business activities of such party, its affiliates,
subsidiaries and affiliated companies.
(f) the fact that discussions and negotiations are taking place concerning the
Purpose and the status of those discussions and negotiations.
(a) is or becomes generally available to the public (other than as a result of its
disclosure by the Recipient or its Representatives in breach of this
Agreement), (except that any compilation of otherwise public information in
a form not publicly known shall nevertheless be treated as Confidential
Information); or
(b) was lawfully in the possession of the Recipient before the information was
disclosed to it by the Disclosing Party as evidenced by written records; or
Purpose: The Parties wish to exchange Confidential Information for the following
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legitimate Purpose (s):
a. to evaluate whether to enter into a contemplated business transaction; and
b. if the Parties enter into an agreement related to such business transaction, to
fulfil each Party’s confidentiality obligations to the extent the terms set forth
below are incorporated therein (the “Purpose”).
1.2 Clause headings shall not affect the interpretation of this Agreement.
1.3 A person includes a natural person, corporate or unincorporated body (whether or not
having separate legal personality).
1.4 The Background forms part of this Agreement and shall have effect as if set out in
full in the body of this Agreement. Any reference to this Agreement includes the
Background.
1.5 Unless the context otherwise requires, words in the singular shall include the plural,
and in the plural include the singular.
2.1 The Recipient shall keep the Disclosing Party's Confidential Information confidential
and, except with the prior written consent of the Disclosing Party:
(a) not use or exploit the Confidential Information in any way except for the
Purpose; or
(b) not disclose or make available the Confidential Information in whole or in part
to any third Party, except as expressly permitted by this Agreement; or
(c) not copy, reduce to writing or otherwise record the Confidential Information
except as strictly necessary for the Purpose (and any such copies, reductions to
writing and records shall be the property of the Disclosing Party).
(d) apply the same security measures and degree of care to the Confidential
Information as the Recipient applies to its own confidential information, which
the Recipient warrants as providing adequate protection from unauthorised
disclosure, copying or use.
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2.2 The Recipient may disclose the Disclosing Party's Confidential Information to those
of its Representatives who need to know this Confidential Information for the
Purpose, provided that:
and it shall at all times be liable for the failure of any Representative to comply with
the terms of this Agreement.
2.3 The Recipient may disclose Confidential Information only to the extent required by
law, by any governmental or other regulatory authority (including, without limitation,
the relevant stock exchanges) or by a court or other authority of competent
jurisdiction provided that, to the extent it is legally permitted to do so, it gives the
Disclosing Party as much notice of such disclosure as possible and, where notice of
disclosure is not prohibited and is given in accordance with this Clause, it takes into
account the reasonable requests of the Disclosing Party in relation to the content of
such disclosure.
2.4 The Recipient acknowledges that: (a) the Confidential Information, may be construed
as unpublished, price sensitive information in terms of the SEBI (Prohibition of
Insider Trading) Regulations, 2015, and (b) applicable laws prohibit any person from
trading in securities that are listed or proposed to be listed when in possession of
unpublished price sensitive information. The Recipient hereby agrees to abide by all
such applicable laws while handling such Confidential Information.
2.5 The Recipient agrees to furnish all requisite information that the Disclosing Party is
required to maintain in its structured digital database in terms of the SEBI
(Prohibition of Insider Trading) Regulations, 2015, including, the name and PAN
details of the Recipient and its Representative who have access to the Confidential
Information.
3.1 At the request of the Disclosing Party, the Recipient shall promptly:
(a) destroy or return to the Disclosing Party all documents and materials (and any
copies) containing, reflecting, incorporating, or based on the Disclosing Party's
Confidential Information.
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(b) erase all the Disclosing Party's Confidential Information from its computer
systems; and
(c) certify in writing to the Disclosing Party that it has complied with the
requirements of this clause, provided that a Recipient may retain documents
and materials containing, reflecting, incorporating, or based on the Disclosing
Party's Confidential Information to the extent required by law or any applicable
governmental or regulatory authority, and to the extent reasonable to permit the
Recipient to keep evidence that it has performed its obligations under this
Agreement. The provisions of this Agreement shall continue to apply to any
documents and materials retained by the Recipient.
3.2 If the Recipient develops or uses a product or a process which, in the reasonable
opinion of the Disclosing Party, might have involved the use of any of the Disclosing
Party's Confidential Information, the Recipient shall, at the written request of the
Disclosing Party, supply to the Disclosing Party information reasonably necessary to
establish that the Disclosing Party's Confidential Information has or has not been used
or disclosed in order to develop or use that product or process.
3.3 The Recipient shall not make, or permit any person to make, any public
announcement concerning this Agreement without the prior written consent of the
Disclosing Party except as required by law or any governmental or regulatory
authority (including, without limitation, any relevant stock exchange), or by any court
or other authority of competent jurisdiction.
4.1 The Disclosing Party reserves all rights in its Confidential Information. No rights in
respect of the Disclosing Party's Confidential Information are granted to the Recipient
and no obligations are imposed on the Disclosing Party other than those expressly
stated in this Agreement. In particular, nothing in this Agreement shall be construed
or implied as obliging the Disclosing Party to disclose any specific type of
information under this Agreement, whether Confidential Information or not.
4.2 Except as expressly stated in this Agreement, the Disclosing Party does not make any
express or implied warranty or representation concerning its Confidential
Information, or the accuracy or completeness of the Confidential Information.
4.3 The disclosure of Confidential Information by the Disclosing Party shall not form any
offer by, or representation or warranty on the part of the Disclosing Party to enter into
any further Agreement in relation to the Purpose or the development or supply of any
product or service to which the Confidential Information relates.
4.4 The Recipient acknowledges that damages alone would not be an adequate remedy
for the breach of any of the provisions of this Agreement. Accordingly, without
prejudice to any other rights and remedies it may have, the Disclosing Party shall be
entitled to the granting of equitable relief (including without limitation injunctive
relief) concerning any threatened or actual breach of any of the provisions of this
Agreement.
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5. INDEMNITY
The Recipient shall indemnify and keep fully always indemnified the Disclosing
Party against the liabilities set out in this agreement, costs (including legal costs),
expenses, damages and losses suffered or incurred by the Disclosing Party arising
from any breach of this Agreement by the Recipient and from the actions or
omissions of any Representative.
6.1 If either Party decides not to become involved in the Purpose with the other Party, it
shall notify the other Party in writing immediately. The obligations of each Party
shall, notwithstanding any earlier termination of negotiations or discussions between
the Parties in relation to the Purpose, continue for a period of two (2) years from the
termination of this Agreement.
6.2 Termination of this Agreement shall not affect any accrued rights or remedies to
which the Disclosing Party is entitled.
7.1 This Agreement constitutes the entire Agreement between the Parties and supersedes
and extinguishes all previous drafts, Agreements, arrangements, and understandings
between them, whether written or oral, relating to its subject matter.
7.2 Each Party agrees that it shall have no remedies in respect of any representation or
warranty (whether made innocently or negligently) that is not set out in this
Agreement. Each Party agrees that its only liability in respect of those representations
and warranties that are set out in this Agreement (whether made innocently or
negligently) shall be for breach of contract.
7.3 No variation of this Agreement shall be effective unless it is in writing and signed by
each of the Parties (or their authorised representatives).
8. NO WAIVER
8.1 Failure to exercise, or any delay in exercising, any right or remedy provided under
this Agreement or by law shall not constitute a waiver of that or any other right or
remedy, nor shall it preclude or restrict any further exercise of that or any other right
or remedy.
8.2 No single or partial exercise of any right or remedy provided under this Agreement or
by law shall preclude or restrict the further exercise of that or any other right or
remedy.
9. ASSIGNMENT
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this Agreement to any entity in its subsidiary and sister concern on prior written
notice to the Recipient.
10. NOTICES
10.2 Any such notice or other communication shall be addressed as provided in Clause 10.
3 and, if so addressed, shall be deemed to have been duly given or made as follows:
(a) If sent by personal delivery, upon delivery at the address of the relevant Party.
10.3 The relevant addressee, address, and E-mail of each Party for the purpose of this
Agreement is:
If to the Zomato:
E-mail: [email protected]
If to Service Provider:
10.4 A person who is not a party to this Agreement shall not have any rights under or in
connection with it.
11. NO PARTNERSHIP
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Nothing in this Agreement is intended to, or shall be deemed to, establish any
partnership or joint venture between any of the Parties, constitute any Party the agent
of another Party, nor authorise any Party to make or enter into any commitments for
or on behalf of any other Party.
12.1 Except as provided in this Clause, this Agreement is made for the benefit of the
Parties to it and their successors and permitted assigns and is not intended to benefit,
or be enforceable by, anyone else.
12.2 The Parties may terminate, rescind, or vary this Agreement without the consent of
any person who is not a party to this Agreement.
13.1 This Agreement and any dispute or claim arising out of or in connection with it or its
subject matter or formation (including non-contractual disputes or claims) shall be
governed by and construed in accordance with the law of India.
13.2 In case of any dispute between the parties arising out of this agreement, the same
shall be referred to arbitration under the Arbitration & Conciliation Act, 1996. The
venue of Arbitration will be in New Delhi and the language of arbitration will be
English. The arbitration proceeding shall be presided by a sole arbitrator mutually
appointed by both the Parties.
13.3 Subject to the above, the Parties irrevocably agree that the courts of New Delhi shall
have exclusive jurisdiction to try any dispute or claim that arises out of or in
connection with this Agreement or its subject matter or formation (including non-
contractual disputes or claims).
14. COUNTERPARTS
This Agreement may be executed in any number of counterparts, each of which when
executed and delivered shall constitute a duplicate original, but all counterparts
together shall constitute a single agreement.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first written above:
Signed and delivered for and on behalf of Signed and delivered for and on behalf of
Zomato Limited
[---company name---]
[---digital signature---]
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Designation: Authorised Signatory Designation: [---designation---]