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MutualNon-DisclosureAgreement

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MutualNon-DisclosureAgreementMutualNon-DisclosureAgreement  ABCCompanyhavingitsprincipalofficeat_________(hereinafterreferredtoas“ABC”)andXYZCompanyhavingitsprincipalofficeat_________(hereinafterreferredtoas“XYZ”)inconsiderationofthemutualcovenantsofthisAgreement,herebyagreeasfollows:  Ar...

MutualNon-DisclosureAgreement
MutualNon-DisclosureAgreement  ABCCompanyhavingitsprincipalofficeat_________(hereinafterreferredtoas“ABC”)andXYZCompanyhavingitsprincipalofficeat_________(hereinafterreferredtoas“XYZ”)inconsiderationofthemutualcovenantsofthisAgreement,herebyagreeasfollows:  Article1Inconnectionwithnegotiationsbetweenbothpartiesregardingastrategicalliance(hereinafterreferredtoas“SubjectMatter”),eachpartytothisAgreementmaywishtodiscloseitsproprietaryinformation(hereinafterreferredtoas“Information”)totheotherpartyonaconfidentialbasis.ThedisclosingpartymayconsidersuchInformationproprietaryunderthisAgreementeitherbecauseithasdevelopedtheInformationinternally,orbecauseithasreceivedtheInformationsubjecttoacontinuingobligationtomaintaintheconfidentialityoftheInformation,orbecauseofotherreasons.  Article2Wheninformationdeemedtobeproprietaryisfurnishedinatangibleform,thedisclosingpartyshallmarktheInformationinamannertoindicatethatitisconsideredproprietaryorconfidentialorotherwisesubjecttolimiteddistributionasprovidedherein.WhenInformationisprovidedorally,thedisclosingpartyshall,atthetimeofdisclosure,clearlyidentifytheinformationasbeingproprietaryorconfidentialorotherwisesubjecttolimiteddistributionasprovidedherein,andpromptlythereafterprovidewrittenconfirmationoftheproprietaryorconfidentialnatureofsuchinformation.Inaddition,theexistenceandtermsofthisAgreement,andthefactandsubstanceofdiscussionsandcorrespondencebetweenthepartiesconcerningtheSubjectMatter,shallbedeemedProprietaryInformation.  Article3WithrespecttoInformationdisclosedunderthisAgreement,thepartytowhomtheInformationisdisclosed,itsemployeesandemployeesofitsaffiliatedcompaniesshall:  (1)HoldtheInformationinconfidence,exercisingadegreeofcarenotlessthanthecareusedbydisclosingpartytoprotectitsownproprietaryofconfidentialinformationthatitdoesnotwishtodisclose,andinanyevent,notlessthanareasonabledegreeofcare;  (2)RestrictdisclosureoftheInformationsolelytothosedirectors,officers,employeesand/oragents/consultantswithaneedtoknowandnotdiscloseittoanyotherperson;  (3)AdvisethosepersonstowhomtheInformationwasdisclosedoftheobligationstokeepinconfidencewithrespecttotheInformation;and  (4)UsetheInformationonlyinconnectionwithcontinuingcorrespondenceanddiscussionsbythepartiesconcerningtheSubjectMatter,exceptasmayotherwisebemutuallyagreeduponinwriting.  Article4IfthepartytowhominformationhasbeendisclosedproposestodisclosethatInformationtoanyunaffiliatedconsultantoragent,itshallobtainthepriorwrittenconsentofthepartyfromwhomtheInformationwasoriginallyreceived,andshallarrangefortheexecutionoftheconsultantoragentofnon-disclosureagreementinaformsatisfactorytothepartyfromwhomtheInformationwasoriginallyreceived.  Article5TheInformationshallbedeemedthepropertyofthedisclosingpartyand,uponrequest,theotherpartyshallreturnallInformationreceivedintangibleformtothedisclosingpartyorshalldestroyallsuchinformationatthedisclosingparty’sdirection.Ifeitherpartylosesormakesanunauthoriseddisclosureoftheotherparty’sInformation,itshallnotifysuchotherpartyimmediatelyandusereasonableeffortstoretrievethelostorwrongfullydisclosedInformation.  Article6ThepartytowhomInformationisdisclosedshallhavenoobligationtopreservetheproprietarynatureofanyInformationwhich:  (1)Waspreviouslyknowntosuchpartyfreeofanyobligationtokeepitconfidential;or  (2)Isorbecomesgenerallyavailabletothepublicbymeansotherthanunauthorizeddisclosure;or  (3)IsdevelopedbyoronbehalfofsuchpartyindependentofanyinformationfurnishedunderthisAgreement;or  (4)Isreceivedfromathirdpartywhosedisclosuredoesnotviolateanyconfidentialityobligation;or  (5)Isrequiredtobedisclosedbylaworbyanygovernmentagencyhavingjurisdictionpursuanttoanordertoproduceorinthecourseofalegalproceedingpursuanttoalawfulrequestfordiscoveryprovided,however,thatifapartyissorequiredtodisclosetheInformationsuchpartyshallpromptlynotifytheotherpartyoftheorderorrequestindiscoveryandcooperatewithsuchotherpartyinanyreasonablemannerrequestedintheeventtheotherpartyelects(atitsexpense)tointerveneintheproceedinginwhichtheorderwasenteredortherequestfordiscoverymadeforthepurposeoflimitingoravoidingsuchdisclosurebyanylawfulmeansincluding,butnotlimitedtoincamerareviewandprotectiveorder.  Article7NeitherthisAgreement,northedisclosureofInformationunderthisAgreement,northeongoingdiscussionsandcorrespondencebetweentheparties,shallconstituteorimplyacommitmentorbindingobligationbetweenthepartiesortheirrespectiveaffiliatedcompanies,ifany,regardingtheSubjectMatter.If,inthefuture,thepartieselecttoenterintobindingcommitmentsregardingtheSubjectMatter,suchcommitmentsshallbeexplicitlystatedinaseparatewrittenagreementexecutedbybothparties,andthepartiesherebyaffirmthattheydonotintendtheirdiscussions,correspondence,andotheractivitiestobeconstruedasformingacontractregardingtheSubjectMatteroranyothertransactionbetweenthemwithoutexecutionofsuchseparatewrittenagreement.  Article8Neitherpartyisresponsibleorliableforotherparty’sactionstakenpursuanttothisAgreement,orforanybusinessdecisionsmadeorinferencesdrawnbytheotherpartyinrelianceontheInformationprovidedaccordingtothisAgreement.Neitherpartysolicitsanychangesinthebusinesspracticesorservicesoftheother,andnoobligationsareincurredwithregardtotheaccuracyoftheobservationsofeitherparty.Neitherpartymakesanywarranty,expressorimplied,withrespecttotheInformation.Neitherpartyshallbeliabletotheotherhereunderforamountsrepresentinglossofprofits,lossofbusiness,orindirect,consequential,orpunitivedamagesoftheotherpartyinconnectionwiththeprovisionoruseoftheInformationhereunder.  Article9ThisAgreementshallbebindinguponthepartiesheretoandtheirrespectivesuccessorsandassignees.  Article10ThisAgreementshallbegovernedbyandconstruedinaccordancewithBritainLawandshallbesubjecttothejurisdictionoftheEnglishCourts.IntheeventofadisputearisingunderthisAgreementresultinginlitigation,theloosingpartyshallpaythecourtcostsandreasonableattorney’sfeesoftheprevailingparty.  Article11DisclosuresofInformationunderthisAgreementmaytakeplaceforaperiod(the“InformationDisclosurePeriod”)ofnomorethanone(1)yearfollowingtheEffectiveDatesetforthbelow.TheobligationsofthepartiescontainedinParagraphs3and4shallsurviveandcontinuebeyondtheexpirationoftheInformationDisclosurePeriodforatermofthree(3)years.  Article12Thepartiesacknowledgethatintheeventofanunauthorizeddisclosure,damagestothedisclosing(Information-owning)partyasaresultthereofmaybedifficultorimpossibletoascertain,andinanyeventinadequatetocompensatesuchdisclosingparty;andthereforesuchdisclosingpartymayseekinjunctivereliefand/orspecificperformanceaswellasmonetarydamagesagainstthepartythatbreachesthisAgreement.  Article13SolongasthisAgreementisnotbreachedasaresultthereof,thisAgreementshallnotbeconstruedtopreventeitherpartyfrompursuinganyotherbusinessactivity,whetherornotrelatedtotheProprietaryInformationexchanged.  Article14ThisAgreementconstitutestheentireunderstandingbetweenthepartieswithrespecttotheInformationprovidedhereunder.NoamendmentormodificationofthisAgreementshallbevalidorbindingonthepartiesunlessmadeinwritingandexecutedonbehalfofeachpartybyitsdulyauthorizedrepresentative.  EachpartyrepresentsthatithascausedthisAgreementtobeexecutedonitsbehalfasofthedatewrittenbelowbyarepresentativeempoweredtobindthatpartywithrespecttotheundertakingsandobligationscontainedherein.
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