Scribd
Upload
150 views

Non-Disclosure Agreement

This non-disclosure agreement outlines the terms for sharing confidential information between Radiant Tech, Inc. and another party. The recipient agrees to maintain confidentiality of any information disclosed by Radiant Tech and only use it for its intended contractual purposes. The agreement defines confidential information, prohibits unauthorized disclosure or copying, and requires any employees with access to also sign non-disclosure agreements. It details remedies for unauthorized disclosure, requirements to return or destroy confidential materials, and specifies the agreement survives for 5 years or until either party provides release in writing.

Uploaded by

Regarian Taring
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
150 views

Non-Disclosure Agreement

This non-disclosure agreement outlines the terms for sharing confidential information between Radiant Tech, Inc. and another party. The recipient agrees to maintain confidentiality of any information disclosed by Radiant Tech and only use it for its intended contractual purposes. The agreement defines confidential information, prohibits unauthorized disclosure or copying, and requires any employees with access to also sign non-disclosure agreements. It details remedies for unauthorized disclosure, requirements to return or destroy confidential materials, and specifies the agreement survives for 5 years or until either party provides release in writing.

Uploaded by

Regarian Taring
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

NON-DISCLOSURE AGREEMENT

This Non-disclosure Agreement (this "Agreement") is made effective as of June 16,


2023 (the "Effective Date"), by and between Radiant Tech, Inc. (the "Owner"), of 651
N. Broad Street, Suite 206, Middletown, Delaware 19709, and _________________ (the
"Recipient"), of _________________, _________________, _________________
_________________.

Information will be disclosed to the Recipient to perform their contractual obligations.


The Owner has requested and the Recipient agrees that the Recipient will protect the confidential
material and information which may be disclosed between the Owner and the Recipient.
Therefore, the parties agree as follows:

I. CONFIDENTIAL INFORMATION. The term "Confidential Information" means any


information or material which is proprietary to the Owner, whether or not owned or developed by
the Owner, which is not generally known other than by the Owner, and which the Recipient may
obtain through any direct or indirect contact with the Owner. Regardless of whether specifically
identified as confidential or proprietary, Confidential Information shall include any information
provided by the Owner concerning the business, technology and information of the Owner and any
third party with which the Owner deals, including, without limitation, business records and plans,
trade secrets, technical data, product ideas, contracts, financial information, pricing structure,
discounts, computer programs and listings, source code and/or object code, copyrights and
intellectual property, inventions, sales leads, strategic alliances, partners, and customer and client
lists. The nature of the information and the manner of disclosure are such that a reasonable person
would understand it to be confidential.

A. "Confidential Information" does not include:

- matters of public knowledge that result from disclosure by the Owner;


- information rightfully received by the Recipient from a third party without a duty of
confidentiality;
- information independently developed by the Recipient;
- information disclosed by operation of law;
- information disclosed by the Recipient with the prior written consent of the Owner;
and any other information that both parties agree in writing is not confidential.

II. PROTECTION OF CONFIDENTIAL INFORMATION. The Recipient understands and


acknowledges that the Confidential Information has been developed or obtained by the Owner by
the investment of significant time, effort and expense, and that the Confidential Information is a
valuable, special and unique asset of the Owner which provides the Owner with a significant
competitive advantage, and needs to be protected from improper disclosure. In consideration for
the receipt by the Recipient of the Confidential Information, the Recipient agrees as follows:

A. No Disclosure. The Recipient will hold the Confidential Information in confidence and
will not disclose the Confidential Information to any person or entity without the prior written
consent of the Owner.

B. No Copying/Modifying. The Recipient will not copy or modify any Confidential


Information without the prior written consent of the Owner.

C. Unauthorized Use. The Recipient shall promptly advise the Owner if the Recipient
becomes aware of any possible unauthorized disclosure or use of the Confidential
Information.

D. Application to Employees. The Recipient shall not disclose any Confidential Information
to any employees of the Recipient, except those employees who are required to have the
Confidential Information in order to perform their job duties in connection with the limited
purposes of this Agreement. Each permitted employee to whom Confidential Information is
disclosed shall sign a non-disclosure agreement substantially the same as this Agreement at
the request of the Owner.

III. UNAUTHORIZED DISCLOSURE OF INFORMATION - INJUNCTION. If it


appears that the Recipient has disclosed (or has threatened to disclose) Confidential Information in
violation of this Agreement, the Owner shall be entitled to an injunction to restrain the Recipient
from disclosing the Confidential Information in whole or in part. The Owner shall not be prohibited
by this provision from pursuing other remedies, including a claim for losses and damages.

IV. RETURN OF CONFIDENTIAL INFORMATION. Upon the written request of the


Owner, the Recipient shall return to the Owner all written materials containing the Confidential
Information. The Recipient shall also deliver to the Owner written statements signed by the
Recipient certifying that all materials have been returned within five (5) days of receipt of the
request.

V. RELATIONSHIP OF PARTIES. Neither party has an obligation under this Agreement to


purchase any service or item from the other party, or commercially offer any products using or
incorporating the Confidential Information. This Agreement does not create any agency,
partnership, or joint venture.

VI. NO WARRANTY. The Recipient acknowledges and agrees that the Confidential
Information is provided on an "AS IS" basis. THE OWNER MAKES NO WARRANTIES,
EXPRESS OR IMPLIED, WITH RESPECT TO THE CONFIDENTIAL INFORMATION
AND HEREBY EXPRESSLY DISCLAIMS ANY AND ALL IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT
SHALL THE OWNER BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR
CONSEQUENTIAL DAMAGES IN CONNECTION WITH OR ARISING OUT OF THE
PERFORMANCE OR USE OF ANY PORTION OF THE CONFIDENTIAL
INFORMATION. The Owner does not represent or warrant that any product or business plans
disclosed to the Recipient will be marketed or carried out as disclosed, or at all. Any actions taken
by the Recipient in response to the disclosure of the Confidential Information shall be solely at the
risk of the Recipient.

VII. LIMITED LICENSE TO USE. The Recipient shall not acquire any intellectual property
rights under this Agreement except the limited right to use as set forth above. The Recipient
acknowledges that, as between the Owner and the Recipient, the Confidential Information and all
related copyrights and other intellectual property rights, are (and at all times will be) the property
of the Owner, even if suggestions, comments, and/or ideas made by the Recipient are incorporated
into the Confidential Information or related materials during the period of this Agreement.

VIII. INDEMNITY. Each party agrees to defend, indemnify, and hold harmless the other party
and its officers, directors, agents, affiliates, distributors, representatives, and employees from any
and all third party claims, demands, liabilities, costs and expenses, including reasonable attorney's
fees, costs and expenses resulting from the indemnifying party's material breach of any duty,
representation, or warranty under this Agreement.

IX. ATTORNEY'S FEES. In any legal action between the parties concerning this Agreement,
the prevailing party shall be entitled to recover reasonable attorney's fees and costs.

X. TERM. The obligations of this Agreement shall survive 5 years from the Effective Date or until
the Owner sends the Recipient written notice releasing the Recipient from this Agreement. After
that, the Recipient must continue to protect the Confidential Information that was received during
the term of this Agreement from unauthorized use or disclosure indefinitely.

XI. GENERAL PROVISIONS. This Agreement sets forth the entire understanding of the
parties regarding confidentiality. Any amendments must be in writing and signed by both parties.
This Agreement shall be construed under the laws of the State of Delaware. This Agreement shall
not be assignable by either party. Neither party may delegate its duties under this Agreement
without the prior written consent of the other party. The confidentiality provisions of this
Agreement shall remain in full force and effect at all times in accordance with the term of this
Agreement. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the
remaining portions of this Agreement shall remain in full force and effect and construed so as to
best effectuate the original intent and purpose of this Agreement.

XII. WHISTLEBLOWER PROTECTION. This Agreement is in compliance with the Defend


Trade Secrets Act and provides civil or criminal immunity to any individual for the disclosure of
trade secrets: (i) made in confidence to a federal, state, or local government official, or to an
attorney when the disclosure is to report suspected violations of the law; or (ii) in a complaint or
other document filed in a lawsuit if made under seal.

XIII. SIGNATORIES. This Agreement shall be executed by Razmik Ghazaryan, CEO, on


behalf of Radiant Tech, Inc. and _________________ and delivered in the manner prescribed by
law as of the date first written above.
OWNER:
Radiant Tech, Inc.

By: _______________________________
Razmik Ghazaryan

RECIPIENT:
_________________

By: _______________________________

You might also like