Inter-party · Contract Act 1872
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NON-DISCLOSURE AGREEMENT
This Non-Disclosure Agreement is made on agreement_date at place_of_execution
BETWEEN: party_a_name, having its registered office / address at party_a_address ("Party A") AND party_b_name, having its registered office / address at party_b_address ("Party B") (individually a "Party" and collectively "the Parties")
PURPOSE AND DEFINITIONS
WHEREAS the Parties wish to enter into discussions for the purpose of purpose_of_disclosure ("the Purpose"), and in connection therewith may disclose to each other certain confidential information; the Parties agree to be bound by the terms of this Agreement to protect such information.
1. CONFIDENTIAL INFORMATION: For the purposes of this Agreement, "Confidential Information" means all information disclosed by one Party ("the Disclosing Party") to the other ("the Receiving Party"), in whatever form, that is marked or identified as confidential or that, by its nature, would reasonably be regarded as confidential, including without limitation business plans, strategies, financial information, customer lists, supplier information, technical information, designs, source code, processes, methods, know-how, and any analyses, compilations, or summaries thereof prepared by the Receiving Party.
2. EXCLUSIONS: Confidential Information shall not include information that (a) is or becomes publicly available without breach of this Agreement; (b) was rightfully known by the Receiving Party prior to disclosure as evidenced by contemporaneous records; (c) is rightfully received from a third party without restriction; (d) is independently developed by the Receiving Party without use of or reference to the Confidential Information; or (e) is disclosed with the prior written consent of the Disclosing Party.
3. OBLIGATIONS OF THE RECEIVING PARTY: The Receiving Party shall (a) hold the Confidential Information in strict confidence; (b) use it solely for the Purpose and not for any other commercial or competitive purpose; (c) restrict access to the Confidential Information to its employees, officers, advisors, and agents who have a need to know for the Purpose and who are bound by similar confidentiality obligations; (d) protect the Confidential Information with at least the same degree of care that it uses to protect its own confidential information of similar sensitivity, and in any event no less than reasonable care; and (e) not copy, reproduce, or extract the Confidential Information except as strictly necessary for the Purpose.
4. PERMITTED DISCLOSURES: The Receiving Party may disclose Confidential Information to the extent required by law, court order, or competent regulatory authority, provided that the Receiving Party (a) gives prompt written notice to the Disclosing Party where legally permissible; (b) cooperates with the Disclosing Party in seeking protective relief; and (c) discloses only the minimum necessary to comply with the legal requirement.
5. NO LICENCE: This Agreement does not grant any licence, by implication or otherwise, in respect of any patent, trademark, copyright, trade secret, or other intellectual property rights of the Disclosing Party. All Confidential Information remains the exclusive property of the Disclosing Party.
6. NO REPRESENTATION: All Confidential Information is provided "as is" without representation or warranty as to its accuracy or completeness. Nothing in this Agreement shall obligate either Party to enter into any further agreement or to disclose any particular information.
7. RETURN OR DESTRUCTION: Upon written request of the Disclosing Party, or upon termination or expiry of this Agreement, the Receiving Party shall promptly return or, at the Disclosing Party's option, destroy all tangible Confidential Information and all copies, notes, summaries, and analyses thereof, and shall certify such return or destruction in writing within fifteen days. The obligation of confidentiality shall continue notwithstanding the return or destruction.
8. NO SOLICITATION: During the term of this Agreement and for a period of non_solicit_months months thereafter, neither Party shall directly or indirectly solicit for employment any employee of the other Party with whom it has come into contact in connection with the Purpose, save through general public advertisement.
9. TERM AND SURVIVAL: This Agreement shall be effective from the date first written above and shall continue for a period of agreement_term_years years. The obligations of confidentiality and non-use shall survive termination or expiry and shall continue for a further period of survival_years years thereafter, or in respect of trade secrets, in perpetuity for as long as such information remains a trade secret.
10. REMEDIES AND INJUNCTIVE RELIEF: The Parties acknowledge that breach of this Agreement may cause irreparable injury that cannot be adequately compensated in damages, and accordingly the Disclosing Party shall be entitled to seek injunctive and equitable relief, in addition to any other remedies available in law.
11. NO WAIVER: No failure or delay in exercising any right under this Agreement shall constitute a waiver thereof. No waiver shall be effective unless in writing and signed by the waiving Party.
12. ASSIGNMENT: Neither Party shall assign this Agreement without the prior written consent of the other, save that either Party may assign to a successor in connection with a merger, consolidation, or sale of all or substantially all of its business.
13. GOVERNING LAW AND JURISDICTION: This Agreement shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan. The courts at jurisdiction_city shall have exclusive jurisdiction.
14. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Parties on the subject-matter and supersedes all prior representations and understandings.
IN WITNESS WHEREOF, the Parties have executed this Non-Disclosure Agreement on the date first above written. FOR PARTY A: _____________________________ party_a_signatory party_a_name FOR PARTY B: _____________________________ party_b_signatory party_b_name
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