This Non-Disclosure Agreement ("Agreement") is made and entered into as of January 1, 2050, by and between [Your Company Name], a corporation duly organized and existing under the laws of North Carolina, with its principal office located at [Your Company Address] ("Disclosing Party"), and Barry Morar, an individual investor residing at Charlotte, NC 28202 ("Receiving Party").
The purpose of this Agreement is to protect the confidentiality of sensitive information provided by the Disclosing Party to the Receiving Party in connection with potential investment opportunities and discussions.
"Confidential Information" refers to any proprietary, confidential, or non-public information disclosed by the Disclosing Party to the Receiving Party. This includes, but is not limited to:
Business plans, projections, and strategies
Financial data, reports, and analyses
Investor lists and confidential business contacts
Marketing strategies, product development information, and intellectual property
Trade secrets, formulas, processes, and procedures
Other information that is proprietary or that the Disclosing Party considers confidential
Confidential Information does not include information that is:
Publicly available or becomes publicly available through no fault of the Receiving Party
Already known to the Receiving Party at the time of disclosure
Obtained by the Receiving Party from a third party without breach of any confidentiality obligation
The Receiving Party agrees not to disclose, share, or make available any Confidential Information to third parties, except with the prior written consent of the Disclosing Party. This confidentiality obligation extends to any employee, agent, or affiliate of the Receiving Party who has access to the Confidential Information.
The Receiving Party agrees to use the Confidential Information solely for the purpose of evaluating a potential investment and to refrain from using the Confidential Information for any personal, business, or other commercial purposes.
The Receiving Party will take all necessary steps to protect the Confidential Information from unauthorized disclosure, duplication, or use, employing safeguards that are at least as strict as those used to protect the Receiving Party's own confidential information.
The obligations of confidentiality under this Agreement will remain in effect for a period of five (5) years from the date of disclosure of any Confidential Information, or until such information is no longer considered confidential under this Agreement.
Upon the termination of discussions or the decision by the Receiving Party to no longer consider an investment opportunity, the Receiving Party agrees to return or destroy all Confidential Information provided by the Disclosing Party. This includes any documents, digital files, or other materials containing Confidential Information.
The disclosure of Confidential Information does not grant the Receiving Party any rights, title, or interest in the Confidential Information. All Confidential Information remains the property of the Disclosing Party.
The Receiving Party acknowledges that any unauthorized disclosure or use of the Confidential Information may cause irreparable harm to the Disclosing Party. The Disclosing Party is entitled to seek legal remedies, including injunctive relief, in addition to any other available remedies for breach of this Agreement.
This Agreement will be governed by and construed in accordance with the laws of the State of North Carolina. Any dispute arising from this Agreement shall be subject to the exclusive jurisdiction of the courts in North Carolina.
This Agreement constitutes the complete and exclusive understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, concerning the confidentiality of information.
Any amendment or modification of this Agreement must be made in writing and signed by both parties to be effective.
If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions will continue in full force and effect.
By signing below, the parties confirm their acceptance of the terms and conditions of this Non-Disclosure Agreement.
Name: [Your Name]
Title: Chief Executive Officer
Name: Barry Morar
Title: Investor
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