Deed Of Covenant
Deed of Covenant
This Deed of Covenant (the "Deed") is made on May 25, 2050, between [Your Name], a corporation incorporated under the laws of [Jurisdiction], with a registered office at [Your Company Address], (hereinafter referred to as the "Grantor"), and [Name of Grantee], a corporation incorporated under the laws of [Jurisdiction], with a registered office at [Grantee Address], (hereinafter referred to as the "Grantee").
I. RECITALS
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The Grantor and Grantee are parties to certain agreements, including a Partnership Agreement dated January 1, 2050.
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The parties wish to enter into this Deed to establish certain ongoing obligations and covenants between them, particularly concerning confidentiality and intellectual property rights.
II. Covenant
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The Grantor hereby covenants and agrees with the Grantee to maintain confidentiality of shared information and uphold intellectual property rights as outlined in this Deed.
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This covenant shall remain in effect for five (5) years or until terminated by this Deed.
III. Confidentiality
The Grantor agrees to keep confidential all information disclosed by the Grantee, either directly or indirectly, including business secrets, financial data, marketing strategies, customer lists, and other proprietary information. The obligation of confidentiality shall not apply to information that is or becomes publicly known without breach of this Deed, or that the Grantor is required to disclose by law or regulation.
IV. Termination
This Deed may be terminated by either party upon 30 days written notice to the other party. Termination shall not affect the parties' obligations under this Deed that, by their nature, are intended to survive, including confidentiality and any indemnification obligations.
V. Governing Law
This Deed shall be governed by and construed in accordance with the laws of [Jurisdiction]. Any disputes arising out of or in connection with this Deed shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
VI. Miscellaneous
This Deed constitutes the entire agreement between the parties and supersedes all prior agreements, arrangements, or understandings regarding the subject matter hereof. This Deed may not be amended or modified except in writing and signed by both parties. If any provision of this Deed is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
VII. Signatures
[Your Name]
[Date Signed]
[Name of Grantee]
[Date Signed]
VIII. Witnesses
This Deed of Covenant is witnessed and signed on the day and the year first above written.
[WITNESS 1 NAME]
[DATE SIGNED]
[WITNESS 2 NAME]
[DATE SIGNED]
NOTARIZATION:
State of [STATE], County of [COUNTY]
On this [DATE], before me, a Notary Public in and for said county and state, personally appeared [Your Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[NOTARY PUBLIC NAME]
Notary Public in and for [STATE]
My Commission Expires: [EXPIRATION DATE]
