This Non-Disclosure Agreement (the “Agreement”) is entered into by and between [Your Company Name], referred to as the “Disclosing Party,” and the recipient of confidential information, referred to as the “Receiving Party,” collectively referred to as the “Parties.”
- Purpose: The Parties acknowledge that during the course of their relationship, the Disclosing Party may disclose certain confidential and proprietary information to the Receiving Party related to the manufacturing process, product designs, trade secrets, marketing strategies, and other sensitive information pertaining to hammocks (“Confidential Information”).
- Confidentiality Obligations: The Receiving Party agrees to keep all Confidential Information strictly confidential and exercise reasonable care to prevent unauthorized disclosure or use. The Receiving Party shall only disclose the Confidential Information to its employees, contractors, or agents who have a need to know and who are bound by similar confidentiality obligations.
- Use of Confidential Information: The Receiving Party shall use the Confidential Information solely for the purpose of evaluating, discussing, or engaging in business discussions with the Disclosing Party regarding the manufacturing and distribution of hammocks. The Receiving Party shall not use the Confidential Information for any other purpose or disclose it to any third party without the prior written consent of the Disclosing Party.
- Exclusions: The obligations under this Agreement shall not apply to any information that: a) Is already in the public domain at the time of disclosure or subsequently becomes part of the public domain through no fault of the Receiving Party; b) Was lawfully obtained by the Receiving Party from a third party without any obligation of confidentiality; c) Is independently developed by the Receiving Party without reference to the Confidential Information.
- Ownership: The Confidential Information remains the sole property of the Disclosing Party. The Receiving Party acknowledges and agrees that no license or rights, express or implied, are granted to the Receiving Party under any patents, copyrights, trademarks, or any other intellectual property rights owned or controlled by the Disclosing Party.
- Return of Confidential Information: Upon termination of any discussions or business relationship between the Parties, or upon the request of the Disclosing Party, the Receiving Party shall promptly return or destroy all Confidential Information received from the Disclosing Party, including any copies or derivatives thereof.
- Governing Law and Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
- Entire Agreement: This Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof and supersedes any prior agreements or understandings, whether written or oral.