Non Disclosure Agreement
This mutual Non-Disclosure Agreement (the “Agreement”) dated as of the 16th of November 2018 is made between Verified Crypto Traders(“A”) and (“B”).
A, and B would like to protect the confidentiality of, maintain their respective rights in and prevent the unauthorized use and disclosure of their valuable confidential information for the purpose of assessing a business partnership regarding A, and B. Accordingly, A and B hereby agree as follows:
As used in this Agreement, “Confidential Information” means all non-public information disclosed by either party or its agents (the “Disclosing Party”) to the other party (the “Receiving Party”) that is designated as confidential or that, given the nature of the information or the circumstances surrounding its disclosure, reasonably should be considered as confidential. Confidential Information includes without limitation (i) non-public information relating to the Disclosing Party’s technology, customers, business plans, promotional and marketing activities, finances and other business affairs, and (ii) third-party information that the Disclosing Party is under an obligation to keep confidential.
Confidential Information does not include any information that:
The Receiving Party may use Confidential Information only in order to execute its obligations under any contract with the Disclosing Party or otherwise in pursuance of its business partnership with the Disclosing Party. Except as expressly provided in this Agreement, the Receiving Party will not disclose Confidential Information to anyone without the Disclosing Party’s prior written consent. The Receiving Party will take all reasonable measures to avoid disclosure, dissemination or unauthorised use of Confidential Information including, at a minimum, those measures it takes to protect its own confidential information of a similar nature.
The Receiving Party will restrict the possession, knowledge and use of Confidential Information to its employees, contractors and entities controlled by it (“Personnel”) who:
The Receiving Party may disclose Confidential Information as required to comply with binding orders of governmental entities or regulatory authorities that have jurisdiction over it, provided that the Receiving Party:
All Confidential Information will remain the exclusive property of the Disclosing Party. The Disclosing Party’s disclosure of Confidential Information will not constitute an express or implied grant to the Receiving Party of any rights to or under the Disclosing Party’s parents, copyrights, trade secrets, trademarks or other intellectual property rights. The Receiving Party will notify the Disclosing Party immediately upon discovery of any unauthorized use or disclosure of Confidential Information or any other breach of this Agreement by the Receiving Party. The Receiving Party will co-operate with the Disclosing Party in every reasonable way to help the Disclosing Party regain possession of such Confidential Information and prevent its further unauthorized use.
The Receiving Party will return or destroy all tangible materials embodying Confidential Information (in any form and including, without limitation, all summaries, copies and excerpts of Confidential Information) promptly following the Disclosing Party’s written request. At the Disclosing Party’s options, the Receiving Party will provide written certification of its compliance with this Section.
The Receiving Party acknowledges that disclosure or use of Confidential Information in violation of this Agreement could cause irreparable harm to the Disclosing Party. The Receiving Party therefore agrees that the Disclosing Party will have the right, in addition to its other rights and remedies, to seek injunctive relief for any violation of this Agreement.
This Agreement is intended to cover Confidential Information disclosed by each party both prior and subsequent to the date hereof. This Agreement will automatically terminate upon the completion or termination of the parties’ business partnership: provided, however, that each party’s obligations with respect to the other party’s Confidential Information will survive for three (3) years following such completion or termination.
The Disclosing Party acknowledges that the Receiving Party may currently or in the future be developing information internally, or receiving information from other parties that is similar to the Confidential Information. Accordingly, nothing in this Agreement will be construed as a representation or agreement that the Receiving Party will not develop or have developed for its products, concepts, systems or techniques that are similar to or compete with the products, concepts, systems or techniques contemplated by or embodied in the Confidential Information, provided that the Receiving Party does not violate any of its obligations under this Agreement in connection with such development.
The parties have executed this Agreement as of the date first written above.
As agreed and drawn up in duplicate and signed on the
Verified Crypto Traders
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Signed by Verified Crypto Traders
Signed On: Dec 19, 2018
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Document Name: Non Disclosure Agreement
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