NDA Template
NDA Template
Suresh Lankalapalli (“Discloser”) and Manit Kumar Bhattacharjee (“Recipient”) (each a “Party”
and together the “Parties”).
BACKGROUND
In order to facilitate discussions, meetings and the conduct of business between the Parties with
respect to the Purpose (as hereinafter defined) it may be necessary for the Discloser to disclose
Confidential Information (as hereinafter defined) to the Recipient. The Parties have entered into
this Agreement to ensure that the Confidential Information remains strictly confidential so long
as this Agreement survives in accordance with its terms. Any Party receiving Confidential
Information shall receive it on a confidential basis and for a limited purpose.
In consideration of the disclosure and receipt of such information, and the covenants contained
herein, the Parties hereby agree as follows:
AGREEMENT
1.DEFINITIONS
“Affiliate” means an affiliate of, or person affiliated with, a specified person, is a person that
directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under
common control with, that person specified.
“Confidential Information” means any and all information, including Technology or Intellectual
Property Rights, whether printed, in machine readable form or otherwise, that is proprietary or
confidential to the Discloser and disclosed to the Recipient, including, without limitation,
specifications, design plans, drawings, software, hardware, data, research, prototypes,
customer information, marketing plans, or other business or technical information, and which is
disclosed by the Discloser and is identified as confidential at the time of disclosure. Without
limiting the foregoing, the Confidential Information does not include information that:
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“Intellectual Property Rights” means all intellectual and industrial property rights including all
rights to copyrights, trademarks, patents, inventions, discoveries, industrial designs, design rights,
trade secrets and information of a confidential nature.
“Purpose” means the consideration and evaluation of the possibility of the Recipient entering into
a business relationship with the Discloser.
The Discloser will, at its discretion, disclose to the Recipient Confidential Information as is
reasonably required for the Purpose. Nothing in this Agreement obligates the Discloser to disclose
any particular Confidential Information.
(a) The Recipient shall: (i) use the Confidential Information only in connection with
the Purpose; (ii) hold all Confidential Information in confidence and only provide
access to its Representatives; and (iii) not disclose Confidential Information to
any other third party without prior written approval of the Discloser;
(b) The Recipient shall not record, make notes of, copy or reproduce the Confidential
Information by any means, except to the extent required for the Purpose. All
copies, records, notes or reproductions, in whole or in part, shall contain notices
identifying them as containing the Confidential Information of the Discloser and
shall be protected from unauthorized disclosure and access. The Recipient
agrees to segregate all Confidential Information from the Recipient’s confidential
materials in order to prevent commingling; and
(c) Recipient shall not alter, modify, breakdown or disassemble any materials or
compositions containing or constituting Confidential Information of the Discloser.
4. STANDARD OF CARE
The Recipient shall protect the disclosed Confidential Information by using the same degree of
care, but no less than a reasonable degree of care, to prevent the unauthorized use,
dissemination or publication of the Confidential Information as the Recipient uses to protect its
own confidential information of a like nature. The Parties agree to notify the other immediately
upon the discovery of any unauthorized use or disclosure of Confidential Information of the other,
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and to reasonably cooperate with the Discloser to regain possession of the Confidential
Information and prevent its further unauthorized use.
The term for the disclosure of Confidential Information hereunder shall be from the Effective
Date and five years thereafter. Either party may terminate this Agreement for any reason
whatsoever by giving thirty (30) days advance written notice to the other party. The obligations
contained in Sections 2, 3, 4, 6, 9 and 16 hereof with respect to Confidential Information
received prior to the date of termination or expiration of this Agreement shall survive the
expiration or termination of this Agreement.
6. INJUNCTIVE RELIEF
Recipient acknowledges and agrees that its compliance with its obligations under this Agreement
is necessary to protect the business, goodwill and proprietary interests of the Discloser, and that
the Recipient’s breach of any of these obligations may give rise to irreparable injury to the
Discloser that cannot be adequately compensated with monetary damages. Accordingly, the
Recipient agrees that the Discloser will be entitled to seek injunctive relief against the breach, or
threatened breach of this Agreement, and specific performance of its obligations hereunder,
without being required to post a bond. The injunctive relief contemplated hereunder is in addition
to any other legal or equitable remedies available.
On receipt of a written demand from the Discloser, or in any event upon the termination of this
Agreement, Recipient shall return all Confidential Information, including any copies thereof, and
any memoranda, notes or other documents relating to the Confidential information, or at the
Discloser’s option, shall certify in writing its return or destruction and, in the case of Confidential
Information stored electronically, its deletion and removal from all computer systems. Any
Confidential Information incapable of being returned or destroyed as required by this Agreement
will remain subject to the confidentiality restrictions contained in this Agreement in perpetuity.
When requested by the Discloser, the Recipient shall as promptly deliver a list containing the full
name, title, location and function of each person having access to, or copies of, the Confidential
Information.
a. All right, title and interest in and to the Confidential Information and
all media upon which Confidential Information is stored or recorded shall remain
the property of the Discloser and the Confidential Information shall be held in trust
by the Recipient for the Discloser. No license of any patent right, copyright or other
rights in the Confidential Information, other than the licenses necessary to enable
the recipient to use the Confidential Information for the Purpose, is granted hereby.
Nothing contained in this Agreement shall limit or restrict the rights of the Discloser
to assert claims for patent or copyright infringement against the Recipient.
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b. This Agreement does not constitute any warranty, representation or
guarantee with respect to the completeness or accuracy of any Confidential
Information or whether the Confidential Information infringes any rights of third
parties. The Discloser will not be held liable for any errors or omissions in the
Confidential Information or for the use, or the results of the use of, the Confidential
Information.
c. The Recipient shall not oppose any action by the Discloser to seek
a protective order or other remedy. If the Disclosure is unable to obtain a protective
order or other protective remedy, the Recipient shall use reasonable efforts to
ensure that disclosure of the Confidential Information is limited to only what is
required by law.
The duty of the Recipient and the Recipient’s Representatives to protect Confidential Information
disclosed under this Agreement and the restrictions contained in Section 4 hereof shall continue
for a period of five (5) years from the date of this Agreement.
Without the Discloser’s prior written consent, the Recipient agrees to not solicit or hire any of the
Discloser’s employees prior to the expiration of two years from the date of this Agreement.
13. NO IMPAIRMENT
This Agreement shall not be construed to limit either Party's right to independently use, develop,
or market products without the use of the other Party's Confidential Information, so long as such
use, development, or marketing does not infringe or violate any of the Intellectual Property Rights
of the other.
14. NO OBLIGATION
Neither Party has an obligation under this Agreement to purchase any service or item from the
other Party or to enter into any further agreement with the other with respect to the subject matter
hereof or otherwise. Neither party has an obligation under this Agreement to offer for sale products
using or incorporating the Confidential Information. The Discloser may, at its sole discretion, offer
such products for sale and may modify them or discontinue sale at any time.
15. PUBLIC ANNOUNCEMENTS
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Other than pursuant to the requirements of an administrative or judicial action, the Recipient shall
not, without Discloser’s prior written consent, disclose to any person, or make a public
announcement of, the existence of discussions or negotiations or any of the terms relating to the
matter of mutual interest described above or any Confidential Information.
16. GENERAL
b. FURTHER ASSURANCES. The Recipient shall, from time to time, execute and
deliver all documents and instruments, and perform all acts, that the Discloser may
reasonably require so as to effectively carry out the full intent and meaning of this
Agreement.
c. BENEFIT OF THE AGREEMENT. This Agreement will continue to the benefit of,
and be binding upon, the respective successors and permitted assigns of the
Parties.
d. ENTIRE AGREEMENT. This agreement sets forth the entire agreement with
respect to the Confidential Information disclosed hereunder and supersedes all
prior or contemporaneous agreements relating to such Confidential Information,
whether written or oral.
f. ASSIGNMENT. This Agreement may not be assigned by the Recipient without the
Discloser’s prior written consent.
h. INDEMNITY. The Recipient shall indemnify and save harmless the Discloser and
its Representatives from and against all losses, damages, expenses, liabilities,
claims and demands whatsoever including all legal fees and costs from legal
counsel resulting from any breach of this Agreement by the Recipient or any of the
Recipient’s Representatives.
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17. NOTICES
Any demand, notice or other communication to be given in connection with this Agreement must
be given in writing and will be given by personal delivery or by electronic means of communication
addressed to the recipient as follows:
TO: saisure@hotmail.com (or) surantara@gmail.com
or to any other address, individual or communication number designated by notice delivered by
either Party to the other. Any demand, notice or other communication given by personal delivery
will be deemed to have been received on the day of actual delivery thereof. If delivery is given
by electronic communication, receipt shall be deemed to be on the day of transmission if given
during the ordinary business hours of the recipient. If such delivery is given by electronic
communications outside of the ordinary business hours of the recipient, then receipt shall be
deemed to occur on the next Business Day in which such ordinary business hours occur.
This Agreement is governed by and will be construed in accordance with the laws of California
and the laws the federal laws applicable therein.
19. ATTORNMENT
The Recipient hereby attorns to the jurisdiction of the courts of India and USA. The performance
of this Agreement shall be deemed to have taken place exclusively in India and USA.
20. COUNTERPARTS
21. NO TERMINATION
This Agreement and all rights and obligations hereunder shall continue indefinitely unless both
Parties consent in writing to terminate or modify the Agreement or certain provisions hereunder.
IN WITNESS WHEREOF the parties have executed this Agreement as of the Effective Date.
Recipient Signature