nda&nca(1)[1]

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Non-Disclosure and Non-Compete Agreement This Nondisclosure Agreement (this “Agreement”) is made and entered into as of the date 08 th April, 2014, by Virtual Experts Consulting Services further it will referred by “VECS” and between (your office name) having its office located at Address and VECS having its registered office located at 6/14, South Madha Church Street, Royapuram, Chennai - 600 013, Tamilnadu, India. 1. Purpose: (your office name) and VECS wish to explore a business opportunity of mutual interest (the “Business Opportunity”) and, in connection with such exploration, each party may disclose to the other certain confidential business or technical information which such party desires the other to treat as confidential. 2. “Confidential Information”: means any information, data, or know-how disclosed by one party (the “Disclosing Party”) to the other (the “Receiving Party”), which, if in written, graphic, machine-readable or other tangible form is marked by the Disclosing Party as “Confidential” or “Proprietary”, or which, if disclosed orally or by demonstration, i. is defined by the Disclosing Party at the time of initial disclosure as confidential or ii.the Disclosing Party reduces such identification to writing delivered to the Receiving Party within thirty (30) days of such disclosure. Confidential Information may include information disclosed to the Receiving Party by an entity related to the Disclosing Party. Confidential Information does not include information, data or know-how which, the Receiving Party can demonstrate, iii. was independently developed by the Receiving Party without any use of the Disclosing Party’s Confidential Information or by the Receiving Party’s employees or other agents (or independent contractors hired by the Receiving Party) who have not been exposed to the Disclosing Party’s Confidential Information; iv.becomes known to the Receiving Party, without restriction, from a source other than the Disclosing Party that had no duty of confidentiality to the Disclosing Party with such respect to such information; v. was in the public domain at the time it was disclosed or becomes in the public domain through no act or omission of the Receiving Party; or vi.was rightfully known to the Receiving Party, without restriction, at the time of disclosure.

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Page 1: NDA&NCA(1)[1]

Non-Disclosure and Non-Compete Agreement

This Nondisclosure Agreement (this “Agreement”) is made and entered into as of the date 08th April, 2014, by Virtual Experts Consulting Services further it will referred by “VECS” and between (your office name) having its office located at Address and VECS having its registered office located at 6/14, South Madha Church Street, Royapuram, Chennai - 600 013, Tamilnadu, India.

1. Purpose: (your office name) and VECS wish to explore a business opportunity of mutual interest (the “Business Opportunity”) and, in connection with such exploration, each party may disclose to the other certain confidential business or technical information which such party desires the other to treat as confidential.

2. “Confidential Information”: means any information, data, or know-how disclosed by one party (the “Disclosing Party”) to the other (the “Receiving Party”), which, if in written, graphic, machine-readable or other tangible form is marked by the Disclosing Party as “Confidential” or “Proprietary”, or which, if disclosed orally or by demonstration,

i. is defined by the Disclosing Party at the time of initial disclosure as confidential or

ii. the Disclosing Party reduces such identification to writing delivered to the Receiving Party within thirty (30) days of such disclosure. Confidential Information may include information disclosed to the Receiving Party by an entity related to the Disclosing Party. Confidential Information does not include information, data or know-how which, the Receiving Party can demonstrate,

iii. was independently developed by the Receiving Party without any use of the Disclosing Party’s Confidential Information or by the Receiving Party’s employees or other agents (or independent contractors hired by the Receiving Party) who have not been exposed to the Disclosing Party’s Confidential Information;

iv. becomes known to the Receiving Party, without restriction, from a source other than the Disclosing Party that had no duty of confidentiality to the Disclosing Party with such respect to such information;

v. was in the public domain at the time it was disclosed or becomes in the public domain through no act or omission of the Receiving Party; or

vi. was rightfully known to the Receiving Party, without restriction, at the time of disclosure.

3. Treatment of Confidential Information: Each Receiving Party agrees not to use the Confidential Information disclosed to it by the Disclosing Party for the Receiving Party’s own use or for any purpose except for evaluation of and to carry out discussions concerning, and the undertaking of the Business Opportunity. Each Receiving Party shall not disclose any Confidential Information of the Disclosing Party to third parties except those directors, officers, employees, consultants and agents who are required to have such information in order to carry out such evaluation and discussions and provided that such persons have been identified in a written notice to the Disclosing Party. Each Receiving Party represents that it has had, or shall have, those directors, officers, employees, consultants and agents to whom Confidential Information of the Disclosing Party is disclosed or who have access to Confidential Information of the Disclosing Party sign a non-disclosure agreement substantially similar in content to this Agreement. Each Receiving Party shall take all reasonable measures

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i. To protect the secrecy of and avoid disclosure or unauthorized use of Confidential Information of the Disclosing Party, and

ii. To prevent such Confidential Information from falling into the public domain or the possession of persons other than those persons authorized hereunder to have such information. Such measures shall include using the highest degree of care that the Receiving Party uses to protect its own Confidential Information of a similar nature. Each Receiving Party agrees to notify the Disclosing Party in writing of any misuse or misappropriation of the Disclosing Party’s Confidential Information, which may come to such Receiving Party’s attention.

4. Mandatory Disclosure: In the event that a Receiving Party or its respective directors, officers, employees, consultants or agents is requested or required by legal process to disclose any of the Confidential Information of the Disclosing Party, such Receiving Party shall give prompt notice to the Disclosing Party so that the Disclosing Party may seek a protective order or other appropriate relief. In this event that such a protective order is not obtained, such Receiving Party shall disclose only that portion of the Confidential Information, which such Receiving Party’s counsel advises that such Receiving Party is legally required to disclose.

5. No Obligation: Nothing herein shall obligate (your office name) or VECS to

proceed with any transaction between them and each party reserve the right, in its sole discretion, to terminate the discussions contemplated by this Agreement concerning the Business Opportunity.

6. No Warranty: All Confidential Information is provided “AS IS” neither party makes any warranties, expressed, implied or otherwise regarding the accuracy, completeness or usefulness of any Confidential Information.

7. Return of Materials: Each party shall promptly return to the other any materials or documents that have been furnished to such party by the other hereunder, along with all copies thereof, after such party has concluded its evaluation of the Business Opportunity or the Business Opportunity has been rejected or concluded.

8. No License: Nothing in this Agreement is intended to or shall grant any rights to either party under any patent, mask work right or copyright and this Agreement shall not grant to either party any rights in or to Confidential Information except as expressly set forth herein.

9. Term: This Agreement shall commence upon the execution hereof by both parties hereto and shall continue for one (1) year (such period, the “Term”). Each party’s obligation with respect to the information received from the other party during the Term shall survive, whether or not past the end of the Term, for so long as such information is “Confidential Information” in accordance with the terms hereof.

10. Remedies: Each party agrees that its obligations hereunder are necessary and reasonable in order to protect the other party and such other party’s business, and expressly agrees that monetary damages would be inadequate to compensate the other party for any breach by such party of any covenant or agreement set forth herein. Accordingly, each party agrees and acknowledges that any such violation or threatened violation will cause irreparable injury to the

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other party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the other party shall be entitled to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach, without the necessity of proving actual damages.

11. Miscellaneous: This Agreement shall bind to the benefit of the parties hereto and their successors and assigns. This agreement shall be governed by the laws of India in the state of Tamil Nadu, without reference to conflict of laws principles. This document contains the entire Agreement between the parties with respect to the subject matter hereof. Any failure to enforce any provision of this Agreement shall not constitute a waiver thereof or of any other provision hereof. This Agreement may not be amended nor any obligation waived, except by a writing signed by both parties hereto. This Agreement may be executed in counterparts which taken together shall constitute one Agreement.

12.(your office name) covenants and agrees that it shall not, directly or indirectly (through an affiliate or otherwise), during the term of this Agreement and for a period of two (2) years following termination of this Agreement, hire, recruit, solicit, induce, attempt to hire or attempt to induce, any employee of VECS (or any of its subsidiaries or affiliates) who provided services to (your office name) hereunder, or assist in such hiring or engagement by another person or business entity of any such individual; provided, however, that (your office name) shall not be prohibited from using advertisements in publications or other general solicitations for employment not directed at such persons, and (your office name) shall not be prohibited from employing any such person who contacts (your office name) pursuant to a general solicitation or on his or her own initiative and without any direct or indirect solicitation by (your office name)

13. VECS covenants and agrees that it shall not, directly or indirectly (through an affiliate or otherwise), during the term of this Agreement and for a period of two (2) years following termination of this Agreement, hire, recruit, solicit, induce, attempt to hire or attempt to induce, any employee of (your office name) (or any of its subsidiaries or affiliates), or assist in such hiring or engagement by another person or business entity of any such individual; provided, however, that VECS shall not be prohibited from using advertisements in publications or other general solicitations for employment not directed at such persons, and VECS shall not be prohibited from employing any such person who contacts VECS pursuant to a general solicitation or on his or her own initiative and without any direct or indirect solicitation by VECS. Without limiting the provisions of Section 6, VECS covenants and agrees that, during the term of this Agreement and for a period of two (2) years following termination of this Agreement, it shall not, directly or indirectly (through an affiliate or otherwise), contract directly with, or otherwise provide any consulting or development services for any customer of (your office name) for which any services provided by VECS hereunder were utilized.

Non-Solicitation:

The undersigned parties, intending to legally bound hereby irrevocably agree not to circumvent, avoid, bypass or obviate each other, directly or indirectly to avoid payment of fees or professional charges, commissions or service charges etc., in any transaction with any corporation, partnership or individual for projects or it-enabled services or any or any other transactions whatsoever involving any products or services or additional re-

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negotiations, renewals, extensions, roll over, amendments, new contracts, agreements or third-party agreements, thereof / thereto.

Nor shall any party disclose or otherwise reveal to any third-party any confidential information provided by other party, particularly in that concerning seller/buyer names, addresses, telephone nos. /fax, e-mail or website addresses or any other means of access there to, bank information code or references and/or any such information’s, advised by one party to the other as being confidential or privileged, without the specific prior formal written consent of the other party.

This agreement shall remain binding on the parties thereto to their successors and assignees for a period of two (2) years. All the parties hereto have signed here below on the date and the year mentioned below at their free will.

In the event of circumvention by either party directly or indirectly, the circumvented party shall be entitled to legal monetary penalty plus any and all expenses including legal, which would involve recovery of funds.

In witness whereof, the parties hereto have executed this Agreement on the date first set forth above.

(your office name) VECS

By: By: Name: Name: Manikandan T. Title: Title: Proprietor