Confidentiality Disclosure
This Confidentiality Disclosure Agreement (“Agreement”) is made effective as of August 15, 2024 (the “Effective Date”) between:
Our Website (the “Disclosing Party”), which shall be referred to as the “Disclosing Party” (this term encompasses its authorized representative(s), associates, affiliates, and partners who may act on its behalf or who stand to benefit from this Agreement),
and
You, referred to hereafter as the “Recipient Party” (this term includes its authorized representative(s), associates, affiliates, and partners who may act on its behalf or who stand to benefit from this Agreement).
Each of the Disclosing Party and the Recipient Party shall be designated as a “Party,” and collectively they shall be referred to as the “Parties.”
The Parties intend to explore specific business opportunities, which may necessitate the Disclosing Party to share Confidential Information with the Recipient Party. Both Parties aim to safeguard that Confidential Information.
Definitions
The “Disclosing Party” refers to the Party providing Confidential Information to the Recipient Party.
The “Recipient Party” refers to the Party that receives the Confidential Information from the Disclosing Party.
Confidential Information
“Confidential Information” is defined as any information relating to the Disclosing Party that is:
designated as “confidential,” “proprietary,” or “private” at the time of disclosure, whether communicated orally or through any other means.
Confidential Information will not include information that is:
already possessed by the Recipient Party without any confidentiality obligation, acquired from a third party without a confidentiality obligation, or independently developed by the Recipient Party.
Obligations and exceptions to obligations
The Disclosing Party confirms its right to disclose Confidential Information to the Recipient Party.
The Recipient Party commits to using the Confidential Information solely for the purpose of discussing business opportunities with the Disclosing Party and not for any other purposes.
The Recipient Party agrees that, without prior written approval from the Disclosing Party:
it will not copy, reproduce, distribute, or disclose any of the Disclosing Party’s Confidential Information to any individual, corporation, or entity, except as allowed in writing by both Parties.
Nothing in this Agreement:
limits a Party’s ability to develop, acquire, or market products and/or services that may compete with the offerings of the other Party, provided that no unauthorized use of the other Party’s Confidential Information occurs.
Governing Law
This Agreement will be governed, construed, and interpreted according to the laws of Brooklyn, NY 11225, United States.
Termination
This Agreement will be in effect from the Effective Date and will persist for 100 years unless terminated by either Party with a written notice given 36,525 days in advance.
Last Updated: November 18, 2024