Non-Disclosure Agreement
Non-Disclosure Agreement
BY AND BETWEEN
4X4 ADVISORY SERVICES PRIVATE LIMITED a company incorporated under
the Companies Act, 1956 having its registered office at C-100, C-block,
Sector-2, Noida-201301 (hereinafter referred to as “4X4 Advisory” , which
expression shall unless repugnant to the context or meaning thereof, be deemed
to mean and include its successors-in-interest and permitted assigns) through its
duly authorised signatory Mr. Inder Pal Singh of the ONE PART.
And
‘Services Pvt. Ltd.’ a company incorporated under the Companies Act, 1956
having its office at address (hereinafter referred to as “ABC”) which expression
shall unless repugnant to the subject or context shall mean and include its
successors and permitted assigns) through its duly Authorized Signatory Mr. of
the OTHER PART.
WHEREAS:
A. '4X4 ADVISORY' and 'ABC' wish to enter into a relationship for the
purpose of exploring a business opportunity of mutual interest (the
“Transaction”), which will entail both Party’s disclosure, either verbally,
in written or other tangible form, to the other Party certain proprietary
information the disclosing Party maintains as “confidential information”,
as a condition to such disclosure, the Parties require each to sign and
deliver this Agreement to establish certain restrictions to protect the
information against the risk of unauthorized use or disclosure.
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E. The Receiving Party agrees to abide by the terms and conditions
contained herein and acknowledge that the Disclosing Party has agreed
to disclose the Confidential Information to the Receiving Party, solely
relying on the Receiving Party’s undertaking contained herein to abide
by the terms of this Agreement.
1. Confidential Information
1.1. Any information disclosed by either Party to any other Party, either directly
or indirectly, in writing, orally or by inspection of tangible objects,
including, without limitation, algorithms, business plans, customer data,
customer lists, customer names, designs documents, financial analysis,
forecasts, formulas, know-how, ideas, inventions, market information,
marketing plans, processes, products, product plans, research,
specifications, software, trade secrets or any other information which is
designated as “Confidential”, “Proprietary” or some similar designation
(collectively, the “Disclosed Materials”)
1.2. Confidential Information shall also include any or all information disclosed
by the Disclosing Party to the Receiving Party in connection with the
Purpose, but does not include information which:
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will use its reasonable endeavours to protect the confidentiality of such
Confidential Information to the greatest extent possible in such
circumstances;
2.1 The Disclosing Party shall only disclose the Confidential Information to the
Receiving Party to the extent deemed necessary or desirable by the
Disclosing Party at its discretion. Further, the Confidential Information of
the Disclosing Party may be disclosed by the Receiving Party only to those
employees of the Receiving Party on a need to know basis in connection
with the Purpose, provided however that, such employees of the Receiving
Party are bound by confidentiality obligations similar to this Agreement.
2.3 The Receiving Party agrees that it will not, during or after the course of
their relationship with the Disclosing Party and/or the term of this
Agreement disclose or divulge the Confidential Information, directly or
indirectly to any third party for any reason or purpose whatsoever, without
the prior written consent of the Disclosing Party, save in accordance with
the provisions of this Agreement. For the purpose of this Agreement
“third party” means any party other than the Receiving and Disclosing
Party (their holding and subsidiary companies or agents who shall be
deemed to be bound by the provisions of this Agreement).
2.4 The Receiving Party agrees not to utilise, exploit or in any other manner
whatsoever use the Confidential Information disclosed pursuant to the
provisions of this Agreement for any purpose whatsoever without the prior
written consent of the Disclosing Party, save in accordance with the
provisions of this Agreement.
3. Standard of care
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The Receiving Party agrees that it shall protect the Confidential
Information disclosed pursuant to the provisions of this Agreement using
the same standard of care that the Receiving Party would apply to
safeguard its own proprietary, secret or Confidential Information and that
the Confidential Information shall be stored and handled in such a way as
to prevent any unauthorised disclosure thereof.
4.1 The Disclosing Party may, at any time, request the other party to return
any material and/or data in whatever form containing, pertaining to or
relating to Confidential Information disclosed pursuant to the terms of this
Agreement and may in addition, request the other Party to furnish a
written statement to the effect that, upon such return, the Receiving Party
has not retained in its possession, or under its control, either directly or
indirectly, any such material and/or data in any form whatsoever.
4.3 The Receiving Party shall comply with any request by the Disclosing Party
in terms of this clause, within 7 (seven) days of receipt of such request.
4.4 All samples, models, computer programs, drawings, documents and other
instruments furnished hereunder including the Confidential Information,
and copies thereof, if any, shall remain the Disclosing Party’s property,
unless otherwise agreed to in writing by the Parties. Such instruments or
copies thereof shall be promptly returned or destroyed by the Receiving
Party, at its own costs, upon the Disclosing Party’s request and as per the
instructions of the Disclosing Party.
This Agreement shall become effective on the Effective Date and shall
remain in effect for a period of one (1) year unless sooner terminated or
extended in writing by the Parties. The obligations of each receiving Party
under this Agreement shall survive for the later of one (1) year, or until
such time as all Confidential Information of each other Party disclosed
hereunder becomes publicly known and made generally available through
no action or inaction of the receiving Party.
6. Additional Action
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Each party to this Agreement shall execute and deliver such other
documents and do such other acts and things as may be necessary or
desirable to give effect to the terms and provisions of this Agreement.
7. Breach
In the event that the Receiving Party breaches the provisions of this
Agreement and fails to remedy such breach, within 7 (Seven) days after
receipt of a request in writing from the Disclosing Party to remedy such
breach, then the Disclosing Party shall be entitled to invoke all remedies
available to it in law including, but not limited to, the institution of urgent
proceedings and/or an action for damages.
8. No Obligation
Nothing in this Agreement shall obligate any Party to proceed with any
transaction between them, and each Party reserves the right, in its sole
discretion, to terminate the discussions contemplated by this Agreement
concerning the Transaction.
9. Amendments
10. Enforcement
11. Headings
The headings of the clauses of this Agreement are for ease of reference
and do not in any way define, limit or expand the terms contained herein.
The Discloser warrants that the Discloser has the right to disclose to the
Recipient the Confidential Information; provided, however, that all the
information disclosed shall be provided “as is”, and the Discloser makes
no warranty, express or implied, as to whether the Confidential
information infringes trademark rights, patent rights, copyrights or any
other intellectual property rights or other rights of any third party.
13. Non-Assignment
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Neither this Agreement nor any rights or obligations under this
Agreement shall be assignable or otherwise transferable by either Party
to this Agreement to any third party, including any of its affiliate or
related parties (as understood under applicable law), without obtaining
the prior written consent of the other Party to this Agreement. Any
attempted assignment or transfer made in contravention of this clause
shall be null and void.
14. No License
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18. Miscellaneous
d. By entering into this Agreement, the Parties are not prevented from
entering into other agreements or obligations either with each other or
with any third parties. However, no Confidential Information disclosed
by the disclosing Party shall be used in such agreements and the
receiving Party shall return to the disclosing Party all documentation,
copies, notes, diagrams, computer memory media and other materials
containing any portion of the Confidential Information provided by the
disclosing Party.
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parties pertaining to the subject matter hereof. Any additions or
modifications to this Agreement must be made in writing and
must be signed by both Parties.
20.1 Any written notice in connection with this Agreement may be addressed
to:
And shall be marked for the attention Mr. Inder Pal Singh
Address :
Contact No :
Email :
21. Severability
In the event of any one or more of the provisions of this Agreement being
held for any reason to be invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provision of this Agreement, and this Agreement shall be construed as if
such invalid, illegal or unenforceable provisions was not a part of this
Agreement, and the Agreement shall be carried out as nearly as possible
in accordance with its original terms and intent.
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Agreed & Signed By:
For 4X4 Advisory Services Pvt Ltd For ABC Pvt. Ltd