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NON-DISCLOSURE AGREEMENT
This Non-Disclosure Agreement (the "Agreement) is made and executed on this the
__________.
BY AND BETWEEN
AND
Beneka and OTHER PARTY are here in after individually referred to each as a
Party and collectively as the Parties, as the context may require.
WHEREAS
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1.1 For the purposes of this Agreement the following terms shall have the
meanings attributed to them as follows:
(a) was in the public domain prior to the time of disclosure by one Party to
the other;
(d) Is obtained by either Party from a third party without a breach of such
third partys obligations of confidentiality.
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1.2 In this Agreement, unless the context otherwise requires, the following rules
of interpretation shall apply:
1.2.3 If a word or phrase is defined its other grammatical forms shall have a
corresponding meaning.
1.2.7 The headings in this Agreement are for convenience only and shall not
affect its interpretation.
2. OBLIGATION OF CONFIDENTIALITY
2.1 The Parties agree that each of them will not, during the term of this Agreement
and for five (5) years after its termination or expiry, improperly use or disclose
any Confidential Information of the other.
2.2.2 it has been given access to the Confidential Information solely for the
purposes of the Authorized Use and it shall not use the Confidential
Information for any other purpose; and
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2.3.2 The Receiving Party shall use the Confidential Information only for the
purposes of the Authorized Use;
2.3.3 The Receiving Party shall take reasonable measures to protect the
secrecy and avoid the disclosure and unauthorized use of the
Confidential Information. Without limiting the foregoing, the
Receiving Party shall take at least those measures that it takes to
protect its own confidential information of a similar nature, but in no
case less than reasonable care;
2.3.4 The Receiving Party shall not duplicate or reproduce the Confidential
Information in any manner whatsoever, except as is required for the
Authorized Use;
2.3.5 the Receiving Party shall not at any time use the Disclosing Partys
name or any of the Disclosing Partys trademarks or trade names in any
advertising or publicity without the prior written consent of the
Disclosing Party; and
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Party and will cooperate in full with the Disclosing Party to protect
such information.
2.4 The obligations of the Receiving Party in this Clause 2will survive for five
years after the termination or expiry of this Agreement.
3. PROPRIETARY PROTECTION
3.1 The Parties agree and acknowledge that they each have sole and exclusive
ownership of all rights, title, and interest in and to the Confidential
Information, including ownership of all Intellectual Property pertaining
thereto.
3.2 The Receiving Party hereby expressly agrees that the disclosure to it of
Confidential Information and Intellectual Property, and the possession and
utilization of such Confidential Information and Intellectual Property by it,
shall not in any manner be deemed to grant it any rights by way of ownership,
license or assignment in the Confidential Information and Intellectual
Property.
4. NON-COMPETE
The Receiving Party agrees that it shall not, during and for five years after the
term of this Agreement, utilize the Confidential Information in order to
compete with the Disclosing Party in its business, either directly or indirectly
or in any other manner whatsoever.
5.1 In the event of breach of the obligations of this Agreement by the Receiving
Party, the Receiving Party shall promptly be liable to indemnify the Disclosing
Party for all the costs, damages and prejudice caused to the Disclosing Party
by the disclosure or loss of confidentiality of any part or whole of the
Confidential Information by the Receiving Party. This liability of the
Receiving Party shall not in any manner affect the rights of the Disclosing
Party in claiming damages from the Receiving Party and other available
remedies at law or in equity.
5.2 Further, the Receiving Party acknowledges that, in the event of any breach of
this Agreement, the Disclosing Party may not have an adequate remedy in
money damages. The Disclosing Party therefore shall be entitled in such event
to apply for and obtain an injunction against such breach from any court of
competent jurisdiction immediately upon request. The Disclosing Partys right
to obtain such relief shall not limit its right to obtain other remedies.
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7.1 This Agreement is entered into for a period of three (3) years from the date
shown at the head of this Agreement.
7.2 Upon the expiry of this Agreement the Receiving Party shall promptly return
all Confidential Information and Intellectual Property to the Disclosing Party
and discontinue all further use of the Confidential Information and Intellectual
Property, including but not limited to all copies, abstracts and compilations
thereof.
8 NOTICES
If to Beneka:
If to XXXX
10 MODIFICATION
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11 WAIVER
12 SEVERABILITY
13 ENTIRE AGREEMENT
IN WITNESS WHEREOF the Parties hereto have set their hands on the day, month
and year first hereinabove mentioned
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