Sample Non-Disclosure Agreement
A mutual NDA between a technology company and a design studio, governed by California law. This is exactly what a generated contract looks like -- same formatting, same structure, ready for signatures.
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Non-Disclosure Agreement
Meridian Technologies Inc. & Sable Design Studio LLC, United States, California
1. Purpose
This Mutual Non-Disclosure Agreement ("Agreement") is entered into by and between the parties identified above for the purpose of preventing the unauthorized disclosure of Confidential Information as defined below. The parties wish to explore a potential business relationship concerning a collaborative product development initiative, and in connection with this opportunity, each party may disclose certain confidential and proprietary information to the other.
2. Definition of Confidential Information
"Confidential Information" means any data or information, oral or written, that is disclosed by either party to the other, either directly or indirectly, including but not limited to:
- Trade secrets, inventions, ideas, processes, formulas, source and object code, data, programs, and other works of authorship
- Technical drawings, algorithms, know-how, and improvements
- Business plans, customer lists, pricing strategies, and financial projections
- Information regarding suppliers, partners, and personnel
- Any information marked "confidential," "proprietary," or with a similar designation
Confidential Information does not include information that: (a) is or becomes publicly available through no breach of this Agreement; (b) was known to the receiving party prior to disclosure; (c) is independently developed without use of or reference to the disclosing party's Confidential Information; or (d) is lawfully obtained from a third party without restriction on disclosure.
3. Obligations of the Receiving Party
The receiving party shall:
- Hold and maintain the Confidential Information in strict confidence using the same degree of care it uses for its own confidential information, but no less than reasonable care
- Not use the Confidential Information for any purpose other than evaluating and engaging in the proposed business relationship
- Limit disclosure of Confidential Information to its employees, agents, and contractors who have a need to know and who are bound by confidentiality obligations no less restrictive than those contained herein
- Immediately notify the disclosing party upon discovery of any unauthorized use or disclosure of Confidential Information
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