Confidentiality and Non-Disclosure Agreement (Clean Draft)
Confidentiality and Non-Disclosure Agreement (Clean Draft)
Confidentiality and Non-Disclosure Agreement (Clean Draft)
- and -
- WITNESSETH THAT -
1. For the purpose of this Agreement "Confidential Information" shall mean any
information and data, such as but not limited to any kind of business,
commercial or technical information and data, more particularly SOURCE
CODES of the software developed by the CONTRACTOR for the COMPANY,
which is disclosed between the Parties in connection with the Purpose of this
Agreement, irrespective of the medium in which such information or data is
embedded, which is - when disclosed in tangible form - marked as
"Confidential" or similar legend. Confidential Information shall include any
copies or abstracts made thereof as well as any modules, samples, prototypes
or parts thereof.
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2. The CONTRACTOR, in dealing with all Confidential Information exchanged
between the Parties pursuant to this agreement:
a) shall remain the property of the COMPANY. All rights, title and interests in
and to the confidential information shall remain the exclusive property of
the COMPANY. The confidential information shall be held in trust and
confidence by the CONTRACTOR. No interest, license or any right
respecting the confidential information, other than expressly set out herein,
is granted to CONTRACTOR under this Agreement by implication or
otherwise.
b) shall use all confidential information exclusively for the purpose of this
Agreement, and the CONTRACTOR shall be permitted to use Confidential
Information disclosed to it pursuant to this Agreement only for such sole
Purpose, unless otherwise expressly agreed to in writing by the COMPANY;
d) shall not directly or indirectly disclose, allow access to, transmit or transfer
the Information to a third party without the COMPANY’S prior written
consent. the CONTRACTOR shall disclose the Information only to persons
who ought to have access to such information by reason of this agreement.
f) shall be treated by the CONTRACTOR with the same degree of care no less
than the degree of care that the PARTIES would be reasonably expected to
employ for their own similar confidential information;
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c) is independently developed by the CONTRACTOR and in no way related to
the software developed by the CONTRACTOR for the COMPANY, as
proven by its written records;
4. Either Party shall have the right to refuse to accept any information under this
Agreement prior to any disclosure and nothing herein shall obligate either
Party to disclose any particular information.
7. This Agreement shall be effective as of the date of the last signature as written
below (the "Effective Date"). It may be terminated with respect to further
disclosures upon thirty (30) days prior notice in writing. This Agreement shall
automatically terminate three (3) year(s) from its Effective Date. The
obligations accruing prior to termination as set forth herein, shall, however,
survive the termination of this Agreement for a period of five (5) years.
10. This Agreement shall not render the CONTRACTOR or any of his workforce,
an employee, partner or agent of the COMPANY for any purpose. The
CONTRACTOR shall perform services as an independent contractor and not as
an employee of the COMPANY.
12. The CONTRACTOR shall be liable to the COMPANY for any loss, damage or
liability sustained by the COMPANY resulting from any breach of the
provisions of this Agreement by the CONTRACTOR.
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13. This agreement shall be governed by the laws of the Republic of the
Philippines. Should there be any dispute concerning the interpretation or
implementation of any provision of this Agreement, the parties hereto shall
exert every effort to settle the dispute amicably. Should the parties fail to
reach a settlement, the differences shall be resolved by arbitration in
accordance with the Arbitration Law of the Philippines. The parties shall be
bound by the decision and award of the arbitrators, without prejudice to the
right of a party to question the arbitral award with the appropriate Regional
Trial Court.
The venue of actions or suits shall be in the proper courts of Pasig City only
to the exclusion of all other courts.
15. The CONTRACTOR shall indemnify and hold the COMPANY free and
harmless from all damages, lossess, expenses and costs whatsoever due to any
third party resulting from a breach by the CONTRACTOR of the provisions of
this Agreement.
16. This Agreement constitutes the entire agreement between the parties hereto
with respect to the subject matter hereof and cancels and supersedes any prior
understandings and agreements between the parties hereto with respect
thereto. There are no representations, warranties, terms, conditions,
undertakings or collateral agreements, express, implied or statutory, between
the parties other than as expressly set forth in this Agreement.
17. The provisions of this Agreement may not be modified, amended, nor waived,
except by a written instrument duly executed by the Parties hereto. The
requirement of written form can only be waived in writing.
18. This Agreement may not be assigned by either Party without the prior written
consent of the other.
19. This Agreement shall be binding upon the respective heirs, executors,
administrators, successors in interest and permitted assigns of the Parties
hereto.
20. The undersigned representatives of the Parties represent and warrant that they
have the requisite legal capacity to enter into and be bound under the terms
and conditions of this Agreement and that they have not been induced to enter
into this Agreement by any representation, warranty or other assurance.
21. Any notice required or desired to be served given or delivered under this
Agreement shall be in writing, and shall be deemed to have been validly
served, given or delivered upon the hand delivery thereof five (5) days from
ordinary mail, or upon dispatch or transmittal thereof by fax or electronic mail,
all to the address, fax number, mobile number and email address provided
below:
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If to the COMPANY: If to the CONTRACTOR:
(Name of Authorized Representative) (-SAME-)
(Address)
(Telephone Numbers)
(Mobile Numbers, if any)
(Email Address)
In witness whereof the PARTIES have signed and sealed this Agreement the
day and year first above written:
Name Name
Designation Designation
__________________________ _________________________
ACKNOWLEDGMENT
Before me a Notary Public for and in the city of _______________ this day of
_____________, personally appeared the following:
NAME COMPETENT EVIDENCE OF
IDENTITY and DETAILS
IN WITNESS WHEREOF, I have set my hand and affixed my notarial seal at the
place and on the date first above-written.
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