North Dakota Non-Disclosure Agreement
This Non-Disclosure Agreement (hereinafter referred to as the "Agreement") is entered into on this ____ day of __________, 20__, (the "Effective Date") by and between ____________________ (hereinafter referred to as the "Disclosing Party"), whose address is ______________________________________, and ____________________ (hereinafter referred to as the "Receiving Party"), whose address is ______________________________________.
WHEREAS, the Disclosing Party possesses certain confidential information that is valuable to its business and the Receiving Party has expressed interest in receiving this confidential information for the purpose of ________________________________;
AND WHEREAS, both parties agree to enter into a confidential relationship concerning the disclosure of the confidential information described above for the purpose stated:
- Definition of Confidential Information: For the purposes of this Agreement, "Confidential Information" refers to any data or information, oral or written, that is valuable to the Disclosing Party and not generally known to the public, including but not limited to, the following:
- Business operations and strategies,
- Customer details and profiles,
- Technical processes and formulas,
- Product designs, and
- Any other information deemed proprietary by the Disclosing Party.
- Obligations of the Receiving Party: The Receiving Party agrees to
:
- Keep the Confidential Information in strict confidence,
- Not disclose the Confidential Information to any third parties without the express written consent of the Disclosing Party, and
- Use the Confidential Information only for the purposes stated in this Agreement.
- Duration: The obligations of this Agreement shall remain in effect for a period of ___ years from the Effective Date, or until the Confidential Information no longer qualifies as confidential, whichever occurs first.
- Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of North Dakota, without regard to its conflict of laws principles.
- Amendment: This Agreement may only be amended or modified by a written document executed by both the Disclosing Party and the Receiving Party.
- Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
- Entire Agreement: This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.
_____________________________________
Signature of Disclosing Party
Name: ________________________________
Title: ________________________________
Date: ________________________________
_____________________________________
Signature of Receiving Party
Name: ________________________________
Title: ________________________________
Date: ________________________________