Financial Data NDA
Financial Data NDA
This Financial Data Non-Disclosure Agreement ("Agreement") is entered into [Month Day, Year] (“Effective Date”), by [Your Company Name] (“Disclosing Party”), a corporation with its place of business at [Your Company Address], and [Your Partner Company Name] (“Receiving Party”), a corporation with its place of business at [Your Partner Company Address], collectively referred to as the "Parties".
I. Definitions
Confidential Information: For this Agreement, "Confidential Information" shall refer to any non-public financial information, including but not limited to, financial statements, revenue figures, projections, and other proprietary financial data disclosed by the Disclosing Party.
Confidential Period: The term "Confidential Period" shall commence on the Effective Date and extend for two (2) years from that date.
II. Purpose
The Receiving Party acknowledges that the Confidential Information disclosed by the Disclosing Party is intended solely to evaluate the feasibility of a potential business partnership.
The Receiving Party agrees not to use the Confidential Information for any purpose other than the stated objective without obtaining prior written consent from the Disclosing Party.
III. Confidential Information
The Disclosing Party shall provide a detailed list of the specific financial data to be disclosed under this Agreement, ensuring a clear understanding of the scope of information covered.
IV. Obligations of the Receiving Party
The Receiving Party commits to limiting access to the Confidential Information to employees, agents, and representatives with a legitimate need to know for the specified purpose.
The Receiving Party will implement reasonable security measures to prevent unauthorized access or disclosure of the Confidential Information and will promptly notify the Disclosing Party in the event of any known or suspected unauthorized use or disclosure.
V. Permitted Disclosures
The Receiving Party may disclose Confidential Information to its employees, agents, and representatives only to the extent necessary for the proper evaluation of the specified purpose.
The Receiving Party shall ensure that such individuals are bound by confidentiality obligations at least as stringent as those outlined in this Agreement.
VI. Duration of Confidentiality
The obligations of confidentiality under this Agreement shall persist beyond the termination of any business discussions between the Parties and shall continue for three (3) years from the Effective Date, herein referred to as the "Confidential Period."
VII. Exclusions from Confidentiality
The obligations of confidentiality shall not apply to information that becomes publicly available through no fault of the Receiving Party or is independently developed by the Receiving Party without reference to the Confidential Information. The burden of proof regarding the exclusion of information from confidentiality shall rest with the Receiving Party.
VIII. Representatives
The obligations of confidentiality extend to the employees, agents, and representatives of the Receiving Party. The Receiving Party shall take all necessary measures, including contractual obligations and training programs, to ensure compliance with the terms of this Agreement by its representatives.
IX. Consequences of Breach
Breach of this Agreement may result in legal action, injunctive relief, or other remedies available at law. The Parties agree that monetary damages may not be a sufficient remedy for any breach and that injunctive relief may be sought in addition to any other available remedies.
X. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed by the laws of [State/Country]. Any disputes arising out of or in connection with this Agreement shall be resolved through binding arbitration under the rules of the Arbitration Organization, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction.
XI. Execution
This Agreement may be executed in counterparts, each of which shall be deemed an original. The Parties may exchange executed counterparts by facsimile or electronic transmission, each of which, when executed and delivered, shall be an original and all of which shall constitute the same instrument.
Disclosing Party:
[Your Name]
[Job Title]
[Your Company Name]
[Month Day, Year]
Receiving Party:
[Your Name]
[Job Title]
[Your Partner Company Name]
[Month Day, Year]
