Confidentiality Disclosure
This Confidentiality Disclosure Agreement (“Agreement”) becomes effective on August 15, 2024 (the “Effective Date”) and is made between:
Our Website (the “Disclosing Party”), hereinafter referred to as the “Disclosing Party” (this term shall encompass its authorized representative(s), associates, affiliates, and partners appointed on its behalf or those benefitting from this Agreement),
and
You, hereinafter referred to as the “Recipient Party” (this term shall encompass its authorized representative(s), associates, affiliates, and partners appointed on its behalf or those benefitting from this Agreement).
Each of the Disclosing Party and the Recipient Party will be referred to as a Party, and collectively they are referred to as the Parties.
The Parties aim to engage in discussions regarding certain business opportunities. These discussions might necessitate that the Disclosing Party share Confidential Information with the Recipient Party. The intention of the Parties is to safeguard that Confidential Information.
Definitions
“Disclosing Party” refers to the Party whose Confidential Information is shared with the Recipient Party.
“Recipient Party” refers to the Party that receives the Confidential Information from the Disclosing Party.
Confidential Information
“Confidential Information” indicates any data concerning the Disclosing Party that is:
identified as “confidential,” “proprietary,” or “private” at the time of disclosure, whether conveyed orally or through any other means.
Confidential Information will not include information that is:
already possessed by the Recipient Party without any obligation of confidentiality, obtained from a third party without any obligation of confidentiality, or independently developed by the Recipient Party.
Obligations and exceptions to obligations
The Disclosing Party guarantees that it has the authority to share its Confidential Information with the Recipient Party.
The Recipient Party commits not to utilize the Confidential Information for its personal advantage or any purpose aside from facilitating discussions concerning business opportunities between the Parties.
Without the prior written consent of the Disclosing Party, the Recipient Party agrees it will not:
copy, reproduce, distribute, or disclose any of the Confidential Information belonging to the Disclosing Party to any individual, corporation, or other entity, except as permitted in writing between the Parties.
Nothing in this Agreement:
limits a Party’s ability to develop, procure, or market products and/or services that may compete with those provided by the other Party, as long as there is no unauthorized use of the Confidential Information belonging to the other Party.
Governing Law
This Agreement shall be governed, construed, and interpreted under the laws of Brooklyn, NY 11225, United States.
Termination
This Agreement will take effect on the Effective Date and will remain valid for a duration of 100 years unless either Party terminates it by providing 36,525 days’ prior written notice.
Last Updated: November 18, 2024