CONFIDENTIAL INFORMATION NONDISCLOSURE AGREEMENT
This Confidential Information Nondisclosure Agreement ("Agreement") is made by
Alexander Matsyuk (Private Enterprise) and
____________________ (an individual/a_____________________ corporation) as of
the _____ day of _________, 20__.
In consideration of the mutual promises contained in this Agreement and the
mutual disclosure of confidential information to each other, the parties hereto
agree as follows:
1. Confidential Information and Materials.
(a) "Confidential Information" means non-public information provided by
Disclosing Party, in any form or media, that is marked or designated by
Disclosing Party as being proprietary or confidential and may include, without
limitation, information regarding Disclosing Party's products, services,
technical design and data, customers, employees, business strategies, policies
and practices, marketing plans, financial status and tangible expressions and
reproductions thereof.
(b) Confidential Information shall not include any information that
(i) is or subsequently becomes publicly available without Receiving Party's
breach of any obligation owed to Disclosing Party;
(ii) became known to Receiving Party prior to Disclosing Party's disclosure of
such information to Receiving Party;
(iii) became known to Receiving Party from a source other than Disclosing Party
other than by a breach of an obligation of confidentiality owed to Disclosing
Party; or
(iv) is independently developed by Receiving Party without the use of any
Confidential Information.
2. Restrictions.
(a) The purpose of the disclosure of Confidential Information shall be solely to
explore the possibility of Disclosing Party and Receiving Party entering into a
business transaction with each other (the "Transaction"). Confidential
Information shall be used by Receiving Party solely for the evaluation of the
Transaction.
(b) Receiving Party shall not disclose any Confidential Information to others
following the date of its disclosure to Receiving Party, except within its own
organization to individuals whose duties justify the need to know such
Confidential Information and then only if such individuals agree to maintain the
confidentiality of such Confidential Information and to restrict the use thereof
solely to the purpose specified herein.
(c) Receiving Party shall take reasonable security precautions, at least as
great as the precautions it takes to protect its own proprietary and
confidential information, to maintain the confidentiality of the Confidential
Information.
(d) Receiving Party shall not reverse engineering, decompile or disassemble any
software disclosed by Disclosing Party to Receiving Party.
3. Rights and Remedies.
(a) Receiving Party shall notify Disclosing Party immediately upon discovery of
any authorized use or disclosure of the Confidential Information or any other
breach of this Agreement by Receiving Party, and Receiving Party shall cooperate
with Disclosing Party in every reasonable way to assist Disclosing Party in
regaining possession of the Confidential Information and preventing further
unauthorized use. Receiving Party shall return all Confidential Information and
preventing further unauthorized use. Receiving Party shall return all
Confidential Information at Disclosing Party's request or, at Disclosing Party's
option, certify to the destruction of such Confidential Information.
(b) Receiving Party acknowledges that monetary damages may not be a sufficient
remedy for unauthorized disclosure or use of Confidential Information and that
Disclosing Party shall be entitled, without waiving any other rights or
remedies, to such injunctive or equitable relief as may be deemed proper by a
court of competent jurisdiction.
(c) All Confidential Information shall remain the property of Disclosing Party.
By disclosing Confidential Information to Receiving Party, Disclosing Party does
not grant any right or license to Receiving Party to or under Disclosing Party's
copyrights, trademarks, trade secrets or other intellectual property.
(d) The terms of this Agreement shall not be construed to limit either party's
right to independently develop or provide products or services without the use
of the other party's Confidential Information.
(e) Disclosing Party makes no representations or warranty as to the accuracy or
completeness of Confidential Information disclosed to Receiving Party.
(f) Neither of the parties shall be under any legal obligation of any kind
whatsoever with respect to the Transaction unless and until a definite agreement
has been entered into by the parties with respect to the Transaction.
Miscellaneous Provisions.
(a) This Agreement constitutes the entire agreement between the parties relating
to the subject matter hereof, and any modification of this Agreement will be
effective only if set forth in a separate written agreement entered into by the
parties.
(b) This Agreement shall be construed and enforced in accordance with the laws
of the State of ______________. The parties hereto consent to the jurisdiction
of the federal and state courts of ___________ and agree that the venue of any
legal action shall lie exclusively in the County of ______________, State of
______________. The prevailing party in any legal action shall be entitled to
recover its reasonable attorney's fees and costs of litigation.
(c) No delay or failure by either party to exercise or enforce at any time any
of its rights hereunder shall be consider a waiver thereof or of such party's
right thereafter to exercise or enforce each such right. If any provision of
this Agreement is determined by a court of competent jurisdiction to be
unenforceable, such provision shall be modified to the minimum extent necessary
to make its application valid and enforceable, and the remainder of this
Agreement shall not be affected thereby.
(d) Each person executing this Agreement on behalf of a party hereto represents
and warrants that he or she is duly authorized to execute and deliver this
Agreement on behalf of the party and that this Agreement is binding upon the
party in accordance with its terms.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
and effective as of the date first above written.
A. Matsyuk's Private Enterprise
__________________________________________
By: ___________________________
By:____________________________
Its: ___________________________
Its: _____________________________