Subject: MUTUAL NON-DISCLOSURE & CONFIDENTIALITY AGREEMENT
This Mutual Non-Disclosure Agreement ("Agreement") is entered into as of the date written below, by and between the undersigned parties:
1. DEFINITION OF CONFIDENTIAL INFORMATION "Confidential Information" shall encompass all proprietary, technical, operational, financial, and strategic data disclosed by either party, whether disclosed orally, visually, or in tangible documentary or electronic form, designated as confidential or which reasonably ought to be understood as confidential.
2. NON-DISCLOSURE OBLIGATIONS & STANDARD OF CARE Each party agrees to hold all Confidential Information in strict confidence and shall exercise at least the same degree of care as it uses to safeguard its own proprietary information of like nature, but no less than a reasonable standard of professional care. Neither party shall disclose Confidential Information to any third party without prior written consent.
3. PERMITTED EXCLUSIONS Confidentiality obligations shall not apply to information that: (a) is or becomes publicly known through no breach of this Agreement; (b) was already rightfully in the possession of the receiving party prior to disclosure; or (c) is independently developed without reference to the disclosing party's Confidential Information.
4. RETURN OF MATERIALS & GOVERNING LAW Upon written request or termination of discussions, the receiving party shall promptly return or certify the permanent destruction of all copies of Confidential Information. This Agreement shall be governed by and construed under the laws of the State of Delaware.
- Disclosing Party
- Vertex Global Technologies Inc.
- Receiving Party
- Nexus Horizon Corporation
- Evaluation Purpose
- Exploring strategic enterprise collaboration and joint product integration
- Confidentiality Term
- Three (3) Years from Disclosure Date
- Governing Law
- State of Delaware, United States
IN WITNESS WHEREOF, the authorized representatives of the parties have executed this Mutual Non-Disclosure Agreement effective as of the date first set forth above.
Duly Authorized and Executed:
Elena Rostova
