NDA General
NDA General
Whereas, the parties desire to engage in discussions relating to IT Solutions & Services
in ______________, and in connection therewith, desire to disclose to each other certain
proprietary and confidential information;
Now therefore, in consideration of receipt of such information and the mutual promises
made herein, the parties agree as follows:
As used herein, "Confidential Information" shall mean any and all information
(including, without limitation any idea, finding, research, data, specification, process, technique,
algorithm, architecture, know-how, invention, design, plan, drawing, sketch, product schematic,
document, manual, report, study, photograph, sample, program, source code, prototype,
customer list, price list, product description, business plan, marketing plan, financial
information, or work in process), whether such information is in oral, written, graphic or
electronic form, provided that such information is received on or after the Effective Date and:
(A) Such information is in writing or other tangible form and is clearly marked as
"proprietary" or "confidential" when disclosed to the receiving party; or
(B) If such information is not in tangible form, such information (1) is identified as
"proprietary" or "confidential" when disclosed and (2) is summarized in a
writing, which is marked "proprietary" or "confidential" and is delivered to the
receiving party within thirty (30) days after date of disclosure.
Each party receiving Confidential Information shall treat such information as strictly
confidential, and shall use the same care to prevent the disclosure of such information as such
party uses with respect to its own confidential and proprietary information (which shall be no
less than the care a reasonable person would use under similar circumstances). In any event,
each party receiving Confidential Information shall:
(A) Disclose such Confidential Information to only those Affiliates and Advisors of
or to such party (1) whose duties justify their need to know such information and
(2) who have been clearly informed of their obligation to maintain the
confidential, proprietary and/or trade secret status of such Confidential
Information;
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(B) Disclose the fact that it has received such Confidential Information to only those
Affiliates and Advisors of or to such party (1) whose duties justify their need to
know such fact and (2) who have been clearly informed of their obligation to
maintain the confidential status of such fact; and
(C) Use such Confidential Information only for the purpose of reviewing, analyzing
and discussing with the disclosing party the Proposed Transaction.
Each party receiving Confidential Information shall, immediately upon the request of the
disclosing party, (i) return to the disclosing party all Confidential Information received from the
disclosing party, including all copies thereof made by the receiving party or any of its Affiliates
or Advisors, (ii) destroy all materials incorporating or based on such Confidential Information
which were prepared by the receiving party or any of its Affiliates or Advisors, and (iii) certify
to the disclosing party in writing that it has complied with the provisions of this Section 2.
The obligations set forth in Section 2 above shall not apply to any Confidential
Information:
(A) Which the disclosing party expressly agrees in writing is free of any
nondisclosure obligations;
(B) which, at the time of disclosure to the receiving party, was known to the
receiving party or any of its Affiliates (as evidenced by documentation in the
possession of the receiving party or its Affiliate) free of any nondisclosure
obligations;
(C) Which is independently developed by the receiving party or any of its Affiliates
(as evidenced by documentation in the possession of the receiving party or its
Affiliate); or which is lawfully received by the receiving party or any of its
Affiliates, free of any nondisclosure obligations, from a third party which the
receiving party or its Affiliate reasonably believes has the right to so furnish
such Confidential Information;
(D) Which is or becomes generally available to the public without any breach of this
Agreement or unauthorized disclosure of such Confidential Information by the
receiving party or any of its Affiliates or Advisors; or
(E) Which must be disclosed pursuant to applicable federal, state or local law,
regulation, court order or other legal process, provided the receiving party has
notified the disclosing party prior to such required disclosure and, to the extent
reasonably possible, has given the disclosing party an opportunity to contest such
required disclosure at the disclosing party's expense.
SECTION 4. TERM
This Agreement shall become effective as of the Effective Date and shall remain in
effect until terminated by either party giving thirty (30) days' prior written notice of termination
to the other party. Upon any termination of this Agreement for any reason, each party's
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obligations hereunder with respect to Confidential Information received prior to such
termination shall continue for a period of one (1) year after the date of such termination;
provided, however, that with respect to Confidential Information which consists of source code,
product schematics or related documentation, the obligations contained in this Agreement shall
continue indefinitely.
SECTION 5. GENERAL
G. WAIVERS. All waivers must be in writing. The failure of either party to insist
upon strict performance of any provision of this Agreement, or to exercise any right provided
for herein, shall not be deemed to be a waiver for the future of such provision or right, and no
waiver of any provision or right shall affect the right of the waiving party to enforce any other
provision or right herein.
M. EXPORT CONTROL LAWS. Each party shall comply with all provisions of
the export control laws of India, and other relevant countries as such laws currently exist and as
they may be amended from time to time, with respect to any export of Confidential Information.
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P. ARBITRATION :In the event of disputes, controversies, differences of
opinion and claims arising out of or in connection with this Agreement or in any way relating
hereto or any term, condition or provision herein mentioned or the construction or
interpretation thereof or otherwise in relation hereto, the parties shall first endeavor to settle
such differences, disputes, claims or questions by friendly consultation and failing such
settlement, the same shall be referred to Arbitration of two Arbitrators, one to be appointed
by partner and the other to be appointed by Xisha Technologies, for determination of specific
issues. Such Arbitrators shall appoint an Umpire before entering on the reference. Such
arbitration shall be held in accordance with The Arbitration and Conciliation Ordinance,
1996 or any statutory modification or re-enactment thereof for the time being in force and
shall be held in New Delhi and be conducted in the English language
IN WITNESS WHEREOF, the parties hereto, by their duly authorized representatives, have
executed and delivered this Agreement on the dates below, to be effective with respect to
Confidential Information disclosed on and after (the "Effective Date").
By: By:
Name: Name:
Company: Company:
Email: Email:
Phone: Phone: