This Agreement is made as on the “Date” between Finesse Interactive Solution Pvt Ltd, having its registered office at 1007, 10th Floor, Kirti Shikhar Bldg., District Centre, Janak Puri, New Delhi 110 058 hereinafter called FISPL which expression shall unless repugnant to the subject or the context mean and included its successors, nominees or assigns and ‘Your Name’ a company incorporated under the Indian Companies Act, 1956, and having its registered office at ‘Place of Business’ which expression shall unless repugnant to the subject or the context mean and include its successors, nominees or assigns.
Whereas in order to pursue the mutual business purpose of this particular project as specified in Exhibit A (the “Business Plan/ Project Plan and Details”), FISPL and ‘Your Name’ recognize that there is a need to disclose to one another certain information, as defined in para 1 below, of each party to be used only for the Business Purpose and to protect such confidential information from unauthorized use and disclosure.
In consideration of the other party’s disclosure of such information, each party agrees as follows:
- This Agreement will apply to all confidential and proprietary information disclosed by one party to the other party, including information listed in Exhibit A attached
hereto and other information which the disclosing party identifies in writing or
otherwise as confidential before or within thirty days after disclosure to the receiving
party (“Confidential Information”). Information consists of certain specifications,
designs, plans, drawings, software, prototypes and/or technical information, and all
copies and derivatives containing such Information, that may be disclosed to one
another for and during the Purpose, which a party considers proprietary or
confidential (“Information”). Information may be in any form or medium, tangible or
intangible, and may be communicated/disclosed in writing, orally, or through visual
observation or by any other means to one party (hereinafter referred to as the
receiving party) by the other party (hereinafter referred to as one disclosing party).
Information shall be subject to this Agreement, if it is in tangible form, only if clearly
marked as proprietary or confidential as the case may be, when disclosed to the
receiving party or, if not in tangible form, its proprietary nature must first be
announced, and it must be reduced to writing and furnished to the receiving party
within thirty(30) days of the initial disclosure.
- ‘Your Name’ and FISPL hereby agreed at during the Confidentiality Period:
- The receiving party shall use Information only for the Purpose, shall hold
Information in confidence using the same degree of care as it normally exercises
to protect its own proprietary information, but not less than reasonable care,
taking into account the nature of the Information, and shall grant access to
Information only to its employees who have a need to know, but only to the
extent necessary to carry out the business purpose of this project as defined in
exhibit A, shall cause its employees to comply with the provisions of this
Agreement applicable to the receiving party, shall reproduce Information only to
the extent essential to fulfilling the Purpose, and shall prevent disclosure of
Information to third parties. The receiving party may, however, disclose the
Information to its consultants and contractors with a need to know; provided that
by doing so, the receiving party agrees to bind those consultants and contractors
to terms at least as restrictive as those stated herein, advise them of their
obligations, and indemnify the disclosing party for any breach of those
obligations.
- Upon the disclosing party's request, the receiving party shall either return to the
disclosing party all Information or shall certify to the disclosing party that all
media containing Information have been destroyed. Provided, however, that an
archival copy of the Information may be retained in the files of the receiving
party's counsel, solely for the purpose of proving the contents of the Information.
- The foregoing restrictions on each party's use or disclosure of Information shall not
apply to Information that the receiving party can demonstrate:
- as independently developed by or for the receiving party without reference to
the Information, or was received without restrictions; or
- has become generally available to the public without breach of confidentiality
obligations of the receiving party; or
- was in the receiving party's possession without restriction or was known by the
receiving party without restriction at the time of disclosure; or
- is the subject of a subpoena or other legal or administrative demand for
disclosure; provided, however, that the receiving party has given the disclosing
party prompt notice of such demand for disclosure and the receiving party
reasonably cooperates with the disclosing party's efforts to secure an appropriate
protective order; or
- is disclosed with the prior consent of the disclosing party; or
- was in its possession or known to it by being in its use or being recorded in its
files or computers or other recording media prior to receipt from the disclosing
party and was not previously acquired by the receiving party from the disclosing
party under an obligation of confidence; or
- the receiving party obtains or has available from a source other than the
disclosing party without breach by the receiving party or such source of any
obligation of confidentiality or non-use towards the disclosing party.
- Each party agrees not to remove any of the other party’s Confidential Information
from the premises of the disclosing party without the disclosing party’s prior written
approval. Each party agrees to exercise extreme care in protecting the confidentiality of
any Confidential Information which is removed, only with the disclosing party’s prior
written approval, from the disclosing party’s premises. Each party agrees to comply with
any and all terms and conditions the disclosing party may impose upon any such
approved removal, such as conditions that the removed Confidential Information and all
copies must be returned by a certain date, and that no copies are to be make off of the
premises.
- Upon the disclosing party’s request, the receiving party will promptly return to the
disclosing party all tangible items containing or consisting of the disclosing party’s
Confidential Information all copies thereof.
- Each party recognizes and agrees that all of the disclosing party’s Confidential
Information is owned solely by the disclosing party (or its licensors) and that the
unauthorized disclosure or use of such Confidential Information would cause irreparable
harm and significant injury, the degree of which may be difficult to ascertain.
Accordingly, each party agrees that the disclosing party will have the right to obtain an
immediate injunction enjoining any breach of this Agreement, as well as the right to
pursue any and all other rights and remedies available at law or in equity for such a
breach.
- Access to Information hereunder shall not preclude an individual who has seen such
Information for the purposes of this Agreement from working on future projects for the
receiving party which relate to similar subject matters, provided that such individual
does not make reference to the Information and does not copy the substance of the
Information during the Confidentiality Period. Furthermore, nothing contained herein
shall be construed as imposing any restriction on the receiving party's disclosure or use
of any general learning, skills or know-how developed by the receiving party's
personnel under this Agreement, if such disclosure and use would be regarded by a
person of ordinary skill in the relevant area as not constituting a disclosure or use of the
Information.
- As between the parties, all Information shall remain the property of the disclosing
party. By disclosing Information or executing this Agreement, the disclosing party
does not grant any license, explicitly or implicitly, under any trademark, patent,
copyright, mask work protection right, trade secret or any other intellectual property
right. THE DISCLOSING PARTY DISCLAIMS ALL WARRANTIES REGARDING
THE INFORMATION, INCLUDING ALL WARRANTIES WITH RESPECT TO
INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS AND ALL
WARRANTIES AS TO THE ACCURACY OR UTILITY OF SUCH
INFORMATION. Execution of this Agreement and the disclosure of Information
pursuant to this Agreement does not constitute or imply any commitment, promise, or
inducement by either party to make any purchase or sale, or to enter into any additional
agreement of any kind.
- Either party’s failure to enforce any provision, right or remedy under this agreement
shall not constitute a waiver of such provision, right or remedy.
- This Agreement will be construed in, interpreted and applied in accordance with the
laws of India.
- This Agreement and Exhibit A attached hereto constitutes the entire agreement of the parties with respect to the parties' respective obligations in connection with Information disclosed hereunder and supersedes all prior oral and written agreements and
discussions with respect thereto. The parties can amend or modify this Agreement only
by a writing duly executed by their respect
ive authorized representatives. Neither party
shall assign this Agreement without first securing the other party's written consent.
- This Agreement will remain in effect for five years from the date of the last disclosure of Confidential Information, at which time it will terminate, unless extended by the disclosing party in writing.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly
authorized officers or representatives.