Non-Disclosure Agreement

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NON-DISCLOSURE AGREEMENT

This Non-disclosure and confidentiality agreement (the Agreement ) is made this March 26,
2024 ("Effective Date'1), entered into at Chennai, Tamil Nadu:

BY AND BETWEEN:

X Pvt Ltd, a company incorporated under the laws of India, having its registered office at
India (hereinafter referred to as the Disclosing Party" which expression shall unless excluded
by or repugnant to the subject or context be deemed to include its successors-in-interest and
permitted assigns) of the ONE PART

AND

Z, resident of India (hereinafter referred to as the "Receiving Party” which expression shall
unless excluded by or repugnant to the subject or context be deemed to include its legal
heirs, administrators and permitted assigns) of the OTHER PART

(The Disclosing Party and the Receiving Party shall hereinafter individually referred to as
Party' and collectively as 'Parties')

WHEREAS:

A. The Parties are proposing to enter into the following transaction:

Enter a brief description of the proposed transaction to be entered into between parties for
which the parties may disclose confidential information.

( Proposed Transaction )

B. The Disclosing Party is disclosing the Confidential Information (as defined


hereunder) to the Receiving Party for the following purpose:

Provide the reason why the disclosing party is sharing confidential information.

C. The Receiving Party is required to execute a non-disclosure agreement to protect the


information of the Disclosing Party. Accordingly, the Parties wish to enter into this Non-
Disclosure Agreement whereby Receiving Party agrees to treat as confidential, all the
Confidential Information (as defined hereunder) provided by the Disclosing Party/acquired
from the Disclosing Party, on the terms and conditions mentioned hereunder.

NOW THEREFORE THE PARTIES HEREBY AGREE AS FOLLOWS:

1. DEFINITIONS

1. “Confidential Information" for the purpose of this Non-Disclosure Agreement shall


mean all the information and documents disclosed or submitted, orally, in writing,
or by any other media (whether designated as confidential or not), by the Disclosing
Party, either directly or indirectly (including through its group companies or
agents), to the Receiving Party or any of its affiliated corporations or any of its
authorized employees, officers or directors, and such information and documents
includes without limitation:
i. the terms of any agreement between the Disclosing Party and the Receiving Party;
ii. the fact that discussions are taking place between the Parties,
iii. all technical and business information, whether written, oral or graphic, including
without limitation:
iv. financial plans and records, ideas, business plans and strategies, relationships with
third parties, information relating to suppliers, founders, employees, and affiliates,
business channels data, material, products;
v. technical data, know-how, research, formulae, processes, methods, technology, IT
systems, computer software programs and descriptions of functions and features of
the software, source code, computer hardware designs, techniques;
vi. present and proposed products, trade secrets, designs, drawings, trademarks,
patents, prototypes, samples, products, product plans, specifications, manuals,
equipment, engineering, unpublished patent applications, research-in-progress,
work-in-progress, prototypes;
vii. advertising programs, planning and merchandising strategies, marketing, pricing,
sales, marketing information, facilities, services, customers, customer lists and
information or other unpublished information related to customers, marketing plans,
market development, inventions, financial information, negotiations, discussion,
ideas, manufacturing techniques, and the like;
viii. the following will also be considered confidential information:

a. if any specific information is to be included in the definition of confidential


information
b. information which is generated by the Receiving Party in connection with the
purpose for which the confidential information is received under this Agreement
or otherwise.

Without limiting the above, Confidential Information shall also include information that the
Receiving Party knows or reasonably should know under the circumstances surrounding its
disclosure, is confidential to the Disclosing Party.

2. DUTY AS TO CONFIDENTIALITY
a. The Receiving Party acknowledges and agrees that the Confidential Information has
been developed or obtained by the Disclosing Party by the investment of a
significant amount of time, effort and/or expense and the Confidential Information
is a valuable, special, and unique asset of the Disclosing Party and needs to be
protected from improper disclosure.
b. The Receiving Party will use the Confidential Information of the Disclosing Party
solely for the purpose as specified below:
c. Provide the reason why the disclosing party is sharing confidential information.
d. And shall keep it secure and confidential, and will not, except as outlined in Clause
named Exceptions, disclose any of the Disclosing Party's Confidential Information in
any manner whatsoever.
e. In consideration of the opportunity granted to the Receiving Party to enter into the
Proposed Transaction with the Disclosing Party, the Receiving Party hereby agrees as
follows:
f. To hold the Confidential Information in confidence and to take reasonable
precautions to protect such Confidential Information (including, without limitation,
all precautions the Receiving Party employs with respect to its confidential
materials);
g. Not to divulge any such Confidential Information or any information derived
therefrom to any third person unless prior written consent is obtained from the
Disclosing Party;
h. Not to use the Confidential Information, at any time, directly or indirectly, to procure
a commercial advantage over, or do anything in any manner whatsoever, which is
detrimental to the business or activities of the Disclosing Party, any of its affiliated
companies or any of its directors and employees;
i. Not to copy or reverse engineer any such Confidential Information;
j. Not to use whether directly or indirectly or turn to its advantage in any way or profit
from the use of the Confidential Information or any part thereof at any time; and
k. To use the Confidential Information only for the purpose as specified above and in
accordance with the terms of this Agreement.

3. EFFECTIVE DATE

a. The obligations of the Receiving Party in respect of confidentiality as provided above


shall commence from the Effective Date and the Receiving Party shall solely be
responsible for compliance by such representatives with the foregoing obligations of
confidentiality.
b. Receiving Party hereby agrees to bind all employees, agents, associates, directors,
personnel, representatives, consultants, contractors and sub-contractors,
professionals or any other person who receives the Confidential Information for the
purposes contemplated hereunder i Representatives ") through a legally enforceable
agreement to maintain the confidentiality of such Confidential Information and to be
bound by all the terms of this Non-Disclosure Agreement, wherever applicable,
whether expressly or generally.

4. EXCEPTIONS

a. Confidential Information shall not include information that is (i) publicly available,
(ii) already in the Receiving Party or its Representatives' possession at the time of
disclosure by the Disclosing Party, (iii) available to the Receiving Party or its
Representatives, to the Receiving Party's knowledge, on a non- confidential basis, or
(iv) independently developed by the Receiving Party or any of its Representatives.
b. The Receiving Party may make disclosures required by law or court order provided
the Receiving Party: (a) uses diligent reasonable efforts to limit disclosure and to
obtain confidential treatment or protective order; and (b) gives immediate written
notice to the Disclosing Party regarding such requirement and allows the Disclosing
Party to participate in the proceedings.

5. RETURN OF INFORMATION

A. Upon: (a) receiving a written request by the Disclosing Party; or (b) termination of
the discussions or arrangements between the Disclosing Party and Receiving Party
(for any reason whatsoever), the Receiving Party shall forthwith deliver to the
Disclosing Party (without retaining copies thereof) all Confidential Information
comprised in whatever form or media such as but not limited to; documents,
proposals, photographs, film, video, maps, tapes, discs, computer hardware and
software, which is in the Receiving Party's possession or under the Receiving Party's
control in any way and the results thereof or the business of the Disclosing Party or
its related or affiliated entities or joint venture partners or projects.

B. The Receiving Party understands that nothing herein:

a) Requires the disclosure of any Confidential Information of the Disclosing Party; or


b) Requires the Disclosing Party to proceed with any transaction or relationship.

6. DURATION

The obligations under this Agreement shall subsist for a period of 10 (ten) years from the
effective date of the Agreement

7. NO WARRANTIES

The Receiving Party acknowledges that the Confidential Information is made available on
an “AS IS" basis. The Disclosing Party does not make any representations or warranties
regarding the information provided including without limitation any financial information
and the same is subject to an independent assessment of the Receiving Party.

THE DISCLOSING PARTY MAKES NO WARRANTIES, EXPRESS OR IMPLIED, WITH


RESPECT TO THE CONFIDENTIAL INFORMATION AND HEREBY DISCLAIMS ANY
AND ALL IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE. Any actions taken by the Receiving Party shall be solely at the
risk of the Receiving Party.

8. INDEMNITY

The Receiving Party hereby agrees to indemnify and hold the Disclosing Party harmless
from all damages, costs, attorney's fees, or other losses arising out of or relating to the breach
of this Non-Disclosure Agreement by the Receiving Party.

9. SEVERABILITY

If any provision of this Non-Disclosure Agreement shall for any reason be held to be invalid,
illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall
not affect any other provision thereof, and this Non-Disclosure Agreement shall be
construed as if such invalid, illegal or unenforceable provision had never been contained
herein. Any invalid or unenforceable provision of this Non-Disclosure Agreement shall be
replaced with a provision that is valid, enforceable, and most nearly gives effect to the
original intent of the invalid/unenforceable provision.

10. ENTIRE AGREEMENT

This Non-Disclosure Agreement constitutes the entire agreement and understanding of the
Parties with respect to the subject matter hereof and supersedes any and all prior
negotiations, correspondence, agreements, understandings duties or obligations between the
Parties with respect to the subject matter hereof.

11. NO OTHER RIGHTS GRANTED


Nothing in this Agreement is intended to grant any rights under any patent, copyright, or
other intellectual property rights of any Party in favour of the other, nor shall this
Agreement be construed to grant any Party any rights in or to the other Party's Confidential
Information, except the limited right to use such Confidential Information in connection
with the proposed relationship between the parties. The Receiving Party shall not receive
any intellectual property rights in the Confidential Information other than a limited right to
use the Confidential Information for the purposes specified in this Agreement. All
intellectual property rights shall continue to vest with the Disclosing Party. The Disclosing
Party shall retain all title, interest and rights and all intellectual property and proprietary
rights in the Confidential Information. No license under any trademark, patent or copyright,
or application for same which are now or hereafter may be obtained by Disclosing Party is
either granted or implied by the conveying of Confidential Information. The Receiving Party
shall not conceal, alter, obliterate, mutilate, deface, or otherwise interfere with any
trademark, trademark notice, copyright notice, confidentiality notice or any notice of any
other proprietary right of the Disclosing Party on any copy of the Confidential Information,
and shall reproduce any such mark or notice on all copies of such Confidential Information.
Likewise, the Receiving Party shall not add or emboss its own or any other mark, symbol, or
logo on such Confidential Information.

12. AMENDMENTS

Any change, alteration, amendment, or modification to this Non-Disclosure Agreement


must be in writing and signed by authorized representatives of both the Parties.

13. DISPUTE RESOLUTION

A. Except as otherwise specifically provided in this Lease Deed, the following


provisions apply if any dispute and difference arise between the Parties, arising out of or in
relation to/connection with this Lease Deed (The 'Dispute).

B. Dispute will be deemed to arise when one Party serves on the other Party a notice
stating the nature of the Dispute (a 'Notice of Dispute').

C. The Parties hereto agree that upon serving a Notice of Dispute, they will use all
reasonable efforts to resolve the Dispute between themselves through negotiations.

D. A dispute that cannot be solved by negotiations shall be referred to arbitration by a


sole arbitrator to be appointed jointly by the Parties.

E. The arbitration proceedings shall be held in Tamil Nadu, India in accordance with
the provisions of the Arbitration and Conciliation Act, 1996 or any statutory re-enactment or
modification thereof for the time being in force.

F. The Parties agree that the arbitration award shall be final and may be enforced as a
decree.

G. The Parties further agree that subject to the above only the competent courts at Tamil
Nadu, India shall have jurisdiction in all matters arising hereunder.

14. INDEPENDENT PARTIES


Nothing contained or implied in this letter creates a joint venture or partnership between the
Parties or makes one party the agent or legal representative of the other party for any
purpose.

15. EXCLUSIVITY

For a period of 10 years from the date of termination of this Agreement the Parties shall not
enter into discussions with third parties for transactions which are similar to the Proposed
Transaction.

16. ASSIGNMENT

This Agreement shall not be assigned by the Receiving Party without prior written consent
of the Disclosing Party. The Disclosing Party may assign the agreement to:

Specify the list of persons or entities to which the Disclosing Party can assign this agreement
and its rights under this Agreement

17. ANNOUNCEMENTS

A Party shall not make any news releases, public announcements, give interviews, issue, or
publish advertisements or publicize in any other manner whatsoever in connection with this
Agreement, the contents/provisions thereof, other information relating to this Agreement,
the Confidential Information or other matter of this Agreement, without the prior written
approval of the other Party.

18. NOTICES

Except as otherwise specified in this Non-Disclosure Agreement, all notices, requests,


consents, approvals, agreements, authorizations, acknowledgements, waivers, and other
communications required or permitted under this Non-Disclosure Agreement shall be in
writing and shall be deemed given when sent to the address specified below:

For Disclosing Party

Attention: Y

Address: India

For Receiving Party

Attention: Z

Address: India

Either Party may change its address for notification purposes by giving the other Party 10
(ten) days' notice of the new address and the date upon which it will become effective.

19. TERMINATION

This Agreement shall be terminated only by mutual agreement of the Parties. Termination of
this Agreement will not prejudice any rights of the parties or terminate any obligations of
confidentiality in respect of the Confidential Information existing prior to termination.

20. GOVERNING LAW


This Agreement and all issues arising out of the same shall be construed in accordance with
the laws of India.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement

X Pvt Ltd

By: Y

Director

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