MUTUAL NON-DISCLOSURE AGREEMENT
This non-disclosure agreement (“Agreement”) is by and between The Indian Institute of Technology, Bombay (herein after referred to as “IITB”) having its address at Powai, Mumbai 400076 and __________________(hereinafter referred to as “Company”), a corporation having a business address at _____________ on this day________ month_______ year 20_______ being the date when this agreement comes into force.
A. Company and IITB wish to exchange certain information pertaining to _________________. This exchange includes all communication of information between the parties in any form whatsoever, including oral, written and machine-readable form, ...view middle of the document...
Advise each such employee, before he or she receives access to the Information, of the obligations of Receiving Party under this Agreement, and require each such employee to agree to maintain those obligations.
e. Within fifteen (15) days of notice furnished by either party, the party receiving such notice shall return to the other Party all documentation, copies, notes, diagrams, computer memory media and other materials containing any portion of the Information, or confirm to the other Party, in writing, the destruction of such materials.
2. This Agreement imposes no obligation on Receiving Party with respect to any portion of the Information received from Disclosing Party which
a. was known to Receiving Party prior to disclosure by Disclosing Party,
b. is lawfully obtained by Receiving Party from a third party under no obligation of confidentiality,
c. is or becomes generally known or publicly available other than by unauthorized disclosure,
d. is independently developed by Receiving Party or
e. is disclosed by Disclosing Party to a third party without a duty of confidentiality on the third party.
f. is required by law or decree.
3. The Information shall remain the sole property of Disclosing Party.
4. Neither Disclosing party makes any representation with respect to and does not warrant any information provided under this agreement, but shall furnish such in good faith. Without restricting the generality of the foregoing, neither Disclosing party makes any representations or warranties, whether written or oral, statutory, express or implied with respect to the information which may be provided hereunder, including without limitation, any warranty of merchantability or of fitness for a particular purpose. Neither Disclosing party shall be liable for...