Professional Documents
Culture Documents
NDA Zalamea
NDA Zalamea
This Non- Disclosure Agreement is made and executed this ________ day of Month,
2021 by and between:
WITNESSETH:
WHEREAS, the Disclosing Party possesses non-public Confidential, Proprietary and Trade
Secret Information regarding its business operations and development;
WHEREAS, the Parties may or have entered into a business relationship/ employment, through
which the Receiving Party will have access to the Confidential, Proprietary and Trade Secret
Information;
WHEREAS, the Parties intend to enter into a confidential relationship to maintain the secret and
private nature of such information;
NOW THEREFORE, for and in consideration of the covenants and promises contained in this
Agreement, the Parties agree as follows:
I. Definitions
c. Disclosing Party is the party disclosing the Confidential Information and/or the
Confidential Materials.
d. Receiving Party is the party in receipt of the Confidential Information and/or the
Confidential Materials.
II. Exclusions
Receiving Party's obligations under this Agreement do not extend to information that is:
(a) publicly known at the time of disclosure or subsequently becomes publicly known
through no fault of the Receiving Party; (b) discovered or created by the Receiving Party
before disclosure by Disclosing Party; (c) learned by the Receiving Party through
legitimate means other than from the Disclosing Party or Disclosing Party's
representatives; or (d) is disclosed by Receiving Party with Disclosing Party's prior
written approval. These exclusions shall not apply to Personal Information disclosed
without consent of the data subject, whether or not such Personal Information has been
previously made public.
The Receiving Party agrees and warrants that the Confidential Information shall be used
solely in connection with and for the fulfilment of the engagement and performance of
the Services under the Agreement, and not for any purpose other than as authorized by
this Agreement without the prior written consent of the Disclosing Party. No other right
or license, whether expressed or implied, in the Confidential Information is granted to the
Receiving Party hereunder. Title to the Confidential Information will remain solely in the
Disclosing Party. All use of Confidential Information by the Receiving Party shall be for
the benefit of the Disclosing Party and any modifications and improvements thereof by
the Participant shall be the sole property of the Disclosing Party. Receiving Party shall
not, without prior written approval or consent of Disclosing Party, use for Receiving
Party's own benefit, publish, copy, or otherwise disclose to others, or permit the use by
others for their benefit or to the detriment of Disclosing Party, any Confidential
Information.
Neither party shall, without the prior written consent of the other party:
V. Term
The non-disclosure provisions of this Agreement shall survive the termination of this
Agreement and Receiving Party's duty to hold Confidential Information in confidence
shall remain in effect until the Confidential Information no longer qualifies as a trade
secret or until Disclosing Party send the Receiving Party a written notice releasing
Receiving Party from this Agreement.
VI. Restrictions
a. Receiving Party shall not disclose any Confidential Information to any third parties
for three (3) years following the date of its disclosure by Disclosing Party to
Receiving Party, except to Receiving Party's consultants as set out below. However,
Receiving Party may disclose Confidential Information in accordance with judicial or
other governmental order, provided that the Receiving Party shall give the Disclosing
Party reasonable notice prior to such disclosure.
b. Receiving Party shall take reasonable security precautions, at least as great as the
precautions it takes to protect its own Confidential Information, to keep confidential
the Confidential Information. Receiving Party may disclose Confidential Information
or Confidential Materials only to Receiving Party's employees or bona-fide
consultants on a need-to-know basis.
c. Receiving Party shall execute appropriate written agreements with its employees and
consultants sufficient to enable them to comply with all the provisions of this
Agreement.
d. Confidential Information and Confidential Materials may be disclosed, reproduced,
Summarized, or distributed only in pursuance of the Receiving Party's business
relationship with Disclosing Party.
VII. Acknowledgment
The Parties hereby acknowledge that any breach of the obligations contained in this
Agreement will cause irreparable loss and would not be compensable by monetary
damages alone and, accordingly, the aggrieved Party shall, in addition to the other
remedies it may have at law or in equity, be entitled to obtain a specific performance or
injunctive relief against the other Party in respect of the threatened breach of this
Agreement or the continuation of any such breach.
Upon termination of this Agreement, the parties shall demand of each other the
immediate return/disposal of all copies of documents and materials containing
Confidential Information disclosed to one party by the other, to the possession or control
of the Disclosing Party within (1) one month from completion of the mutual purpose or
purposes of the parties, or receipt of a written request from the other party, which written
request shall enumerate the specific documents and materials wished by the disclosing
party to be returned to it or disposed by the receiving party. The receiving party shall
certify in writing to the Disclosing Party that it retains no copy and has fully complied
with the requirements of this clause.
Neither Party hereto shall in anyway or in any form disclose, publicize, or advertise in
any manner the discussions that gave rise to this Agreement nor the discussions or
negotiations covered by this agreement without prior written consent of the other Party.
Further, the content and timing of any public announcement that is not required by law
relating to the Purpose must be previously agreed by the Parties in writing. For public
announcement required by law, the Parties will endeavor, where possible, to consult each
other about the content and timing of such public announcement.
X. Waiver
The failure to exercise any right provided in this Agreement shall not be a waiver of prior
or subsequent rights.
This Agreement shall be governed by and construed in accordance with the laws of the
Republic of the Philippines
BY: BY:
witness witness
ACKNOWLEDGEMENT
BEFORE ME, a duly authorized notary public for and in the above-named jurisdiction,
personally appeared on this ____________________, 2021, the following, who are personally
known to me and/or identified through competent evidence of identity, to wit:
Both known to me and to me known to be the same persons who executed the foregoing
instrument, and who acknowledged before me that their respective signatures on the instrument
were voluntarily affixed by them for the purposes stated therein, and who declared to me that the
said instrument is their free and voluntary act and deed and that of the entity represented, and are
duly authorized to sign, if acting in a representative capacity.
This ____________________, consisting of ___ (_) pages, including this page wherein the
acknowledgment is written and has been signed by the herein parties and their witnesses.
IN WITNESS WHEREOF, I hereunto set my hand and affix my notarial seal on the date and at
the place above written.
Notary Public