Non-Disclosure Agreement

NON- DISCLOSURE AGREEMENTThis Non-Disclosure Agreement (here in after termed as “Agreement”) is made and entered into this [date] (here in after termed as “Said Date”) by and between [name] with its principal place of business located at [address] (the “party A”) and [name] with its principal place of business located at [name] (the “party B”). WHEREAS, the Party A is undergoing the business of [description of business];WHEREAS, the Party B has expertise in the area of [insert description of area of expertise];WHEREAS, the Company has now decided to hire the consultants to render their services in certain areas of the business where they have established their expertise; NOW, THEREFORE, the Parties hereby agree as follows:<ol><li>“Confidential Information”- For purpose of this Agreement, Non-disclosure information shall mean all development plans and strategies, financial condition, business plans, co-developers identities data, project record, business records, market report, customer and employee lists and all the other information which may be confidential by one party to other party or whereas it must be in connection with the business purposes in accordance with this agreement, which is not generally available to the public. </li></ol> <ol start="2"><li>Non-disclosure Obligations- The Parties agrees and promises to hold the confidential information in confidence. Therefore, the following promises and agrees:</li></ol><ul><li>To protect the confidential information against any misuse or unauthorized use, publication or disclosure.</li><li>There is no use of any confidential information to unfairly compete or obtain unfair advantages in any commercial activity   which may be comparable to other commercial activity.</li><li>Not to disclose directly or indirectly, reveal. Publish, transfer, reports or nay other use of the confidential information except authorized disclosing party.</li><li>Not to disclose any of the confidential information except for the business purposes.</li></ul> <ol start="3"><li>the parties are expected to maintain confidentiality in [areas to maintain confidentiality]</li><li>the purpose for keeping the information confidential is to [purpose of confidentiality]</li><li>The obligation has to commence from [commencement period], and shall terminate by [termination period]</li><li>In case of non-compliance the party B has to [remedy]</li><li>Return of confidential Information- The parties and its representatives shall return all copies of confidential information to the other party in its possession including without limitation, compilations, studies and analyses or other documents prepared by receiving party or its representatives containing any confidential information. Whereas, either party must certify in writing that it and its representatives have returned all above information to the other party.</li><li>Governing law- This Non- Disclosure Agreement shall be governed in accordance with provisions of the laws in India.</li><li>Arbitration -Disputes between the parties arising from this Agreement shall be resolve through negotiations in good faith. </li></ol><ul><li>Failing the above, the dispute shall be referred to arbitration to be conducted in accordance with Arbitration and Conciliation Act, 1996.</li></ul> <ol start="10"><li> [other terms and conditions]</li></ol>NOW IN WITNESS, Whereas the parties have caused their authorized representatives to sign this Agreement on the [day], [month], [year] mentioned. For and on behalf of Company X                                          For and on behalf of Company Y <table cellspacing="0" class="Table" style="border-collapse:collapse; border:undefined"><tbody><tr><td style="vertical-align:top; width:213.1pt">Name: </td><td style="vertical-align:top; width:213.15pt">Name:</td></tr><tr><td style="vertical-align:top; width:213.1pt">Designation: Seal:</td><td style="vertical-align:top; width:213.15pt">Designation: Seal:</td></tr></tbody></table> WITNESSES :1                                                                WITNESSES:1NAME:                                                                              NAME:ADDRESS:                                                                         ADDRESS:SIGNATURE:                                                                     SIGNATURE:   WITNESSES :2                                                                WITNESSES:2NAME:                                                                              NAME:ADDRESS:                                                                         ADDRESS:SIGNATURE:                                                                     SIGNATURE: eStartIndia

NON- DISCLOSURE AGREEMENT

This Non-Disclosure Agreement (here in after termed as “Agreement”) is made and entered into this [date] (here in after termed as “Said Date”) by and between [name] with its principal place of business located at [address] (the “party A”) and [name] with its principal place of business located at [name] (the “party B”).

WHEREAS, the Party A is undergoing the business of [description of business];

WHEREAS, the Party B has expertise in the area of [insert description of area of expertise];

WHEREAS, the Company has now decided to hire the consultants to render their services in certain areas of the business where they have established their expertise;

NOW, THEREFORE, the Parties hereby agree as follows:

“Confidential Information”- For purpose of this Agreement, Non-disclosure information shall mean all development plans and strategies, financial condition, business plans, co-developers identities data, project record, business records, market report, customer and employee lists and all the other information which may be confidential by one party to other party or whereas it must be in connection with the business purposes in accordance with this agreement, which is not generally available to the public.

Non-disclosure Obligations- The Parties agrees and promises to hold the confidential information in confidence. Therefore, the following promises and agrees:

To protect the confidential information against any misuse or unauthorized use, publication or disclosure.
There is no use of any confidential information to unfairly compete or obtain unfair advantages in any commercial activity which may be comparable to other commercial activity.
Not to disclose directly or indirectly, reveal. Publish, transfer, reports or nay other use of the confidential information except authorized disclosing party.
Not to disclose any of the confidential information except for the business purposes.

the parties are expected to maintain confidentiality in [areas to maintain confidentiality]
the purpose for keeping the information confidential is to [purpose of confidentiality]
The obligation has to commence from [commencement period], and shall terminate by [termination period]
In case of non-compliance the party B has to [remedy]
Return of confidential Information- The parties and its representatives shall return all copies of confidential information to the other party in its possession including without limitation, compilations, studies and analyses or other documents prepared by receiving party or its representatives containing any confidential information. Whereas, either party must certify in writing that it and its representatives have returned all above information to the other party.
Governing law- This Non- Disclosure Agreement shall be governed in accordance with provisions of the laws in India.
Arbitration -Disputes between the parties arising from this Agreement shall be resolve through negotiations in good faith.

Failing the above, the dispute shall be referred to arbitration to be conducted in accordance with Arbitration and Conciliation Act, 1996.

[other terms and conditions]

NOW IN WITNESS, Whereas the parties have caused their authorized representatives to sign this Agreement on the [day], [month], [year] mentioned.

For and on behalf of Company X For and on behalf of Company Y

Name:

Designation:

Seal:

Designation:

Seal:

WITNESSES :1 WITNESSES:1

NAME: NAME:

ADDRESS: ADDRESS:

SIGNATURE: SIGNATURE:

WITNESSES :2 WITNESSES:2

NAME: NAME:

ADDRESS: ADDRESS:

SIGNATURE: SIGNATURE:

eStartIndia

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In business there exist many strategies, plans, methods and trade secrets which need to be kept confidential. A non-disclosure agreement is made between two parties to keep certain information protected and away from a third party’s knowledge. It is also known as a confidentiality agreement, confidentiality disclosure agreement, proprietary information agreement, and secrecy agreement.

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eStartIndia will help you to draft a agreement of non-disclosure from the comfort of your home, offering you services that are very specialized and tailored for each individual.

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ADVANTAGES OF NON-DISCLOSURE AGREEMENT

IMPROVES CLARITY: The Non-Disclosure agreement involves a detailed description of what can bring to the knowledge of a third party and what not which improves clarity in the minds of parties.
GUARDS THE PARTIES: The parties express their will, rights, and duties in an agreement which reduces the scope of disputes between the parties in the future.
PROOF: It acts as evidence that expresses the duties and rights which the parties have agreed on in maintaining any confidential matters.
CLAIM DAMAGES: Agreement involves clauses that state the compliance with any confidentiality and in case of non-compliance the aggrieved party can claim damages from the other.

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Details of parties.
Nature of business.
Term.
Purpose of confidentiality.
Things to be kept confidential.
The Remedy is available for non-disclosure.

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FAQs

What is need for agreement of non-disclosure?

The agreement of non-disclosure allows the parties to maintain trade secrets and other business strategies and plans confidential.

What is covered under agreement of non-disclosure?

Nature of business, rights, and obligation of parties, information that is required to keep as a secret, remedies available will be covered in an agreement of non-disclosure.