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Mutual Non-Disclosure Agreement

Mutual Non-Disclosure Agreement

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Published by: Legal Forms on Jan 19, 2008
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Mutual Non-Disclosure Agreement
THIS AGREEMENT
is entered into as of [Date (ie. July 31, 2002)] by and between
[Name of Party 1]
, of [Address of Party 1], (“Party 1”), and
[Name of Party 2],
of [Address of Party 2](“Party 2”).
BACKGROUND:
(a)Party 1 and Party 2 are considering entering into a business transaction between the twocompanies.(b)In order to evaluate the possibility of entering into such a transaction, the partiesacknowledge and agree that it will be necessary for each of them to disclose or makeavailable to each other information and materials that are confidential and proprietary andcontain valuable trade secrets relating to their respective businesses and the parties further acknowledge and agree that some such information may already have been disclosed or made available during the course of discussions prior to the date of this Agreement.
FOR AND IN CONSIDERATION OF
the mutual exchange of information, the anticipated business transactions between the parties, and other good and valuable consideration, the receipt,sufficiency and adequacy of which is hereby acknowledged, the parties agree as follows:1.
Definition of Confidential Information
. Party 2 and Party 1 intend to disclose to eachother information, which may include confidential information, for the purposes describedabove. “Confidential Information” means any information or data disclosed by or on behalf of a party (the “Disclosing Party”) to the other party (the “Recipient”) under or incontemplation of this Agreement, including but not limited to, financial information,marketing plans, business strategies, plans, proposals, and prospect and customer lists,research, development, know-how, computer software, models, designs, source code,techniques, systems, processes, works of authorship, projects, plans, proposals and flowcharts, and any other business, marketing, technical, scientific, or other information of theDisclosing Party which, at the time of disclosure is disclosed in circumstances of confidence, or would be understood by the parties, exercising reasonable business judgment, to be confidential.2.
Affiliates
. The terms “Disclosing Party” and “Recipient” include each party’s affiliates thatdisclose or receive Confidential Information. The rights and obligations of the partieshereto shall therefore also inure to such affiliates and may be directly enforced by or against such affiliates.3.
Non-Disclosure and Permitted Use
. The Recipient acknowledges that its relationship isone of trust and confidence with respect to any Confidential Information disclosed andthat the Disclosing Party’s Confidential Information is of economic value. The Recipientshall:(a)use the Confidential Information only for the purposes set forth in this Agreement;
 
2(b)prevent the disclosure or dissemination of Confidential Information to any other  person or entity without the prior written consent of the Disclosing Party, exceptthat the Recipient may disclose Confidential Information to employees of theRecipient and its affiliates with a “need to know” and with respect to suchemployees, who are bound by written confidentiality agreements that protect third party confidential information;(c)advise those employees who access the Confidential Information of their obligations with respect thereto; and(d)copy the Confidential Information only as necessary for those employees who areentitled to receive it, and ensure that all confidentiality notices are reproduced infull on such copies.For the purposes of this Agreement only, “employees” includes third parties retained bythe parties hereto for temporary administrative, clerical or programming support, or asindependent contractors. A “need to know” means that the employee requires theConfidential Information to perform their responsibilities and for the purposescontemplated by this Agreement.4.
Exceptions
. The obligations of Paragraph 3 shall not apply to any ConfidentialInformation which the Recipient can demonstrate:(a)is or becomes available to the public through no breach of this Agreement;(b)was previously known by the Recipient without any obligation to the DisclosingParty to hold it in confidence;(c)is received from a third party free to disclose such information without restriction;(d)is independently developed by the Recipient without the use of ConfidentialInformation of the Disclosing Party;(e)is approved for release by written authorization of the Disclosing Party, but only tothe extent of such authorization;(f)is required by law or regulation to be disclosed, but only to the extent and for the purposes of such required disclosure; or (g)is disclosed in response to a valid order of a court or other governmental body of the United States or any political subdivisions thereof, but only to the extent of andfor the purposes of such order, and only if the Recipient takes reasonable steps tofirst notify the Disclosing Party of the order in order to permit the Disclosing Partyto seek an appropriate protective order.5.
Export Laws
. Each party shall comply with applicable export laws and regulations of theUnited States and elsewhere with respect to any technical data received under thisAgreement.
 
36.
Return of Confidential Information
. Confidential Information, including permittedcopies, shall be deemed the property of the Disclosing Party. The Recipient shall, withintwenty (20) days of a written request by the Disclosing Party, return all ConfidentialInformation (or any designated portion thereof), including all copies thereof, to theDisclosing Party or, if so directed by the Disclosing Party, destroy such ConfidentialInformation. The Recipient shall also, within ten (10) days of a written request by theDisclosing Party, certify in writing that it has satisfied its obligations under this Paragraph.7.
Non-Solicitation
. Party 2 agrees that for a period of twenty-four (24) months from thedate hereof, neither Party 2 nor any of its affiliates, associates or related parties (regardlessof whether such person or entity is an affiliate, associate or related party on the datehereof) will, without the prior written approval of Party 1:(a)solicit, hire or retain, directly or indirectly, any employees, consultants or independent contractors of Party 1; or (b)solicit, induce or encourage any customer, client, supplier, subcontractor or consultant of Party 1 to terminate its agreements with Party 1 or cease doing business with Party 1.8.
Injunctive Relief 
. The parties agree that an impending or existing breach of any provisionof this Agreement would cause the Disclosing Party irreparable injury the monetary valueof which would be difficult if not impossible to ascertain and for which it would have noadequate remedy at law, and agree that the Disclosing Party shall be entitled to obtainimmediate temporary and permanent injunctive relief prohibiting such violation, withoutthe necessity of proving actual damages by reason of such impending or existing breach, inaddition to any other rights and remedies available to it.9.
Relationship of Parties
. Neither this Agreement nor any discussions or disclosureshereunder shall: (a) be deemed a commitment to any business relationship, contract, or future dealing with the other party, or (b) prevent either party from conducting similar discussions or performing similar work to that hereunder, so long as such discussions or work do not violate this Agreement. This Agreement does not represent, and in no wayimplies, a partnership, joint venture, employment, or other commercial relationship between the parties, an authorization for either party to act as the agent or representativeof the other, or an encouragement to either party to expend funds or other resources in thedevelopment of products or services.10.
Ownership of Confidential Information
. No patent, copyright, trademark, or other  proprietary right is licensed, granted, or otherwise transferred by this Agreement or anydisclosure hereunder, except for the right to use such information in accordance with thisAgreement. No warranties of any kind are given with respect to the ConfidentialInformation disclosed under this Agreement or any use thereof, except that the DisclosingParty warrants that it has the authority to make the disclosures contemplated hereunder.11.
Exclusion of Liability
. THE DISCLOSING PARTY HEREBY EXCLUDES ALLREPRESENTATIONS, WARRANTIES AND CONDITIONS, EXPRESS OR IMPLIED,INCLUDING ANY REPRESENTATIONS, WARRANTIES OR CONDITIONS OF

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