NON DISCLOSURE AND NON COMPETE

NON DISCLOSURE AND NON COMPETE

This Non-Disclosure and Non-Compete Agreement (“Agreement”) is entered into on [INSERT DATE], (“Effective Date”), by and between [name], (the “Disclosing Party”) and [Name], (the “Recipient”). Disclosing Party and Recipient may each be referred to herein as a “Party” to the contract and jointly as “Parties.”

 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants, the Parties agree to the foregoing and as follows:

  1. CONFIDENTIALITY
    1. Confidential Information. For purposes of this Contract, “Confidential Information” shall mean information or material proprietary to a Party or designated as confidential by such Party (the “Disclosing Party”), as well as information about which a Party (the “Receiving Party”) obtains knowledge or access, through or as a result of this Contract (including information conceived, originated, discovered or developed in whole or in part by the contractor hereunder). Confidential Information does not include:
  2. Information that is or becomes publicly known without restriction and without breach of this Contract or that is generally employed by the trade at or after the time the Receiving Party first learns of such information;
  3. Generic information or knowledge which the Receiving Party would have learned in the course of similar employment or work elsewhere in the trade;
  4. Information the Receiving Party lawfully receives from a third party without restriction on disclosure and without breach of a nondisclosure obligation;
  5. information the Receiving Party rightfully knew prior to receiving such information from the Disclosing Party to the extent such knowledge was not subject to restrictions on further disclosure; or
  6. Information the Receiving Party develops independent of any information originating from the Disclosing Party.
  7. Non-Disclosure.

The Parties hereby agree that during the term hereof and at all times thereafter, and except as specifically permitted herein or in a separate writing signed by the Disclosing Party, the Receiving Party shall not use, commercialize or disclose Confidential Information to any person or entity. Upon termination, or at any time upon the request of the Disclosing Party, the Receiving Party shall return to the Disclosing Party all Confidential Information, including all notes, data, reference materials, sketches, drawings, memorandums, documentations and records which in any way incorporate Confidential Information.

  • OWNERSHIP AND TITLE

Nothing contained in this Agreement will grant to or create in the Recipient, either expressly or impliedly, any right, title, interest, or license in or to the intellectual property of the Disclosing Party.

  • LIABILITY CLAUSE

Recipient hereby further agrees that, in the event of its breach or threatened breach of this Agreement, the Disclosing Party would suffer irreparable harm and the Disclosing Party’s remedies shall include, in addition to any other remedies available at law or in equity, equitable remedies such as specific performance and injunctive relief and shall not be limited to monetary damages. Specifically, the Disclosing Party shall be entitled to seek immediate injunctive relief prohibiting such violation.

  • JURISDICTION AND GOVERNING LAWS

This agreement has been made, interpreted and construed in accordance with the law of the State of MARYLAND

In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:

DISCLOSING PARTY

OFFICIAL SIGNATURE: _______________________________

RECIPIENT

OFFICIAL SIGNATURE: ________________________________

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )