One-Way Non-Disclosure Agreement THIS AGREEMENT Is Made and Entered Into As of (DATED SIGNED)
One-Way Non-Disclosure Agreement THIS AGREEMENT Is Made and Entered Into As of (DATED SIGNED)
THIS AGREEMENT is made and entered into as of [DATED SIGNED] (the “Effective Date”)
between [YOUR COMPANY] (“Discloser”) and [OTHER PERSON/COMPANY] (“Recipient”)
(each a “Party” and together the “Parties”).
BACKGROUND
In order to facilitate discussions, meetings and the conduct of business between the Parties with
respect to the Purpose (as hereinafter defined) it may be necessary for the Dicloser to disclose
Confidential Information (as hereinafter defined) to the Recipient. The Parties have entered into
this Agreement to ensure that the Confidential Information remains strictly confidential so long
as this Agreement survives in accordance with its terms. Any Party receiving Confidential
Information shall receive it on a confidential basis and for a limited purpose.
In consideration of the disclosure and receipt of such information, and the covenants contained
herein, the Parties hereby agree as follows:
AGREEMENT
1. DEFINITIONS
“Affiliate” means an affiliate of, or person affiliated with, a specified person, is a person that
directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under
common control with, that person specified.
“Business Day” means a day other than a Saturday or Sunday or statutory holiday in [YOUR
STATE/PROVINCE].
“Confidential Information” means any and all information, including Technology or Intellectual
Property Rights, whether printed, in machine readable form or otherwise, that is proprietary or
confidential to the Discloser and disclosed to the Recipient, including, without limitation,
specifications, design plans, drawings, software, hardware, data, research, prototypes,
customer information, marketing plans, or other business or technical information, and which is
disclosed by the Discloser and is identified as confidential at the time of disclosure. Without
limiting the foregoing, the Confidential Information does not include information that:
“Intellectual Property Rights” means all intellectual and industrial property rights including all
rights to copyrights, trademarks, patents, inventions, discoveries, industrial designs, design
rights, trade secrets and information of a confidential nature.
“Purpose” means the consideration and evaluation of the possibility of the Recipient entering
into a business relationship with the Discloser.
(a) The Recipient shall: (i) use the Confidential Information only in connection with
the Purpose; (ii) hold all Confidential Information in confidence and only provide
access to its Representatives; and (iii) not disclose Confidential Information to
any other third party without prior written approval of the Discloser;
(b) The Recipient shall not record, make notes of, copy or reproduce the Confidential
Information by any means, except to the extent required for the Purpose. All
copies, records, notes or reproductions, in whole or in part, shall contain notices
identifying them as containing the Confidential Information of the Discloser and
shall be protected from unauthorized disclosure and access. The Recipient
agrees to segregate all Confidential Information from the Recipient’s confidential
(c) Recipient shall not alter, modify, breakdown or disassemble any materials or
compositions containing or constituting Confidential Information of the Discloser.
4. STANDARD OF CARE
The Recipient shall protect the disclosed Confidential Information by using the same degree of
care, but no less than a reasonable degree of care, to prevent the unauthorized use,
dissemination or publication of the Confidential Information as the Recipient uses to protect its
own confidential information of a like nature. The Parties agree to notify the other immediately
upon the discovery of any unauthorized use or disclosure of Confidential Information of the
other, and to reasonably cooperate with the Discloser to regain possession of the Confidential
Information and prevent its further unauthorized use.
The term for the disclosure of Confidential Information hereunder shall be from the Effective
Date and five years thereafter. Either party may terminate this Agreement for any reason
whatsoever by giving thirty (30) days advance written notice to the other party. The obligations
contained in Sections 2, 3, 4, 6, 9 and 16 hereof with respect to Confidential Information
received prior to the date of termination or expiration of this Agreement shall survive the
expiration or termination of this Agreement.
6. INJUNCTIVE RELIEF
Recipient acknowledges and agrees that its compliance with its obligations under this
Agreement is necessary to protect the business, goodwill and proprietary interests of the
Discloser, and that the Recipient’s breach of any of these obligations may give rise to
irreparable injury to the Discloser that cannot be adequately compensated with monetary
damages. Accordingly, the Recipient agrees that the Discloser will be entitled to seek injunctive
relief against the breach, or threatened breach of this Agreement, and specific performance of
its obligations hereunder, without being required to post a bond. The injunctive relief
contemplated hereunder is in addition to any other legal or equitable remedies available.
On receipt of a written demand from the Discloser, or in any event upon the termination of this
Agreement, Recipient shall return all Confidential Information, including any copies thereof, and
any memoranda, notes or other documents relating to the Confidential information, or at the
Discloser’s option, shall certify in writing its return or destruction and, in the case of Confidential
Information stored electronically, its deletion and removal from all computer systems. Any
Confidential Information incapable of being returned or destroyed as required by this Agreement
will remain subject to the confidentiality restrictions contained in this Agreement in perpetuity.
When requested by the Discloser, the Recipient shall as promptly deliver a list containing the full
name, title, location and function of each person having access to, or copies of, the Confidential
Information.
13. NO IMPAIRMENT
This Agreement shall not be construed to limit either Party's right to independently use, develop,
or market products without the use of the other Party's Confidential Information, so long as such
use, development, or marketing does not infringe or violate any of the Intellectual Property
Rights of the other.
14. NO OBLIGATION
Neither Party has an obligation under this Agreement to purchase any service or item from the
other Party or to enter into any further agreement with the other with respect to the subject
matter hereof or otherwise. Neither party has an obligation under this Agreement to offer for
sale products using or incorporating the Confidential Information. The Discloser may, at its sole
discretion, offer such products for sale and may modify them or discontinue sale at any time.
15. PUBLIC ANNOUNCEMENTS
Other than pursuant to the requirements of an administrative or judicial action, the Recipient
shall not, without Discloser’s prior written consent, disclose to any person, or make a public
announcement of, the existence of discussions or negotiations or any of the terms relating to the
matter of mutual interest described above or any Confidential Information.
16. GENERAL
a. RELATIONSHIP OF THE PARTIES. Nothing in this Agreement will be deemed
to create any partnership, joint venture or relationship of principal and agent
between the Parties. Further, the Agreement shall not provide either party with
the right, power, or authority, whether express or implied, to create any duty or
obligation on behalf of the other Party.
b. FURTHER ASSURANCES. The Recipient shall, from time to time, execute and
deliver all documents and instruments, and perform all acts, that the Discloser
may reasonably require so as to effectively carry out the full intent and meaning
of this Agreement.
c. BENEFIT OF THE AGREEMENT. This Agreement will continue to the benefit of,
and be binding upon, the respective successors and permitted assigns of the
Parties.
d. ENTIRE AGREEMENT. This agreement sets forth the entire agreement with
respect to the Confidential Information disclosed hereunder and supersedes all
prior or contemporaneous agreements relating to such Confidential Information,
whether written or oral.
17. NOTICES
Any demand, notice or other communication to be given in connection with this Agreement must
be given in writing and will be given by personal delivery or by electronic means of
communication addressed to the recipient as follows:
This Agreement is governed by and will be construed in accordance with the laws of the [YOUR
STATE/PROVINCE] and the laws the federal laws applicable therein.
The Recipient hereby attorns to the jurisdiction of the courts of [YOUR STATE/PROVINCE].
The performance of this Agreement shall be deemed to have taken place exclusively in [YOUR
STATE/PROVINCE].
20. COUNTERPARTS
21. NO TERMINATION
This Agreement and all rights and obligations hereunder shall continue indefinitely unless both
Parties consent in writing to terminate or modify the Agreement or certain provisions hereunder.
IN WITNESS WHEREOF the parties have executed this Agreement as of the Effective Date.