Nondisclosure Agreement Nda Drafting

**NON-DISCLOSURE AGREEMENT (NDA)** **THIS AGREEMENT** is made as of the 23rd day of June, 2023, by and between **Company X** with its principal place of business at ____________ ("Disclosing Party"), and **Company Y**, with its principal place of business at ____________ ("Receiving Party"). **1. Definition of Confidential Information** 1.1 "Confidential Information" shall mean all information, whether oral, written, or in any other medium, that is disclosed or made available by the Disclosing Party to the Receiving Party, and pertains to confidential product designs and manufacturing processes. This information includes but is not limited to, all business, technical, and financial information, patents, trade secrets, techniques, processes, procedures, programs, prototypes, samples, models, and customer lists. **2. Obligations of the Receiving Party** 2.1 The Receiving Party agrees that the Confidential Information is to be considered confidential and proprietary to the Disclosing Party and the Receiving Party shall hold the same in confidence, shall not use the Confidential Information other than for the purposes of the business agreement, and shall disclose it only to its officers, directors, or employees with a specific need to know. The Receiving Party will not disclose, publish, or otherwise reveal any of the Confidential Information received from the Disclosing Party to any other party whatsoever except with the specific prior written authorization of the Disclosing Party. **3. Term** This Agreement shall be effective as of the date first above written and shall continue for a period of three (3) years unless earlier terminated by either Party upon 30 days' prior written notice to the other Party. **4. Breach and Remedies** 4.1 In the event of a breach of this Agreement by the Receiving Party, the Disclosing Party may pursue all available legal remedies, including but not limited to seeking both damages and injunctive relief. **5. Miscellaneous** 5.1 This Agreement shall be governed by and construed in accordance with the laws of _____________. Any dispute under this Agreement shall be resolved in the jurisdiction therein. 5.2 This Agreement contains the entire agreement between the Parties concerning the disclosure of Confidential Information and supersedes any prior understandings or agreements. IN WITNESS WHEREOF, the Parties acknowledge acceptance of the terms above by their respective signatures below. _________________________ Company X (Disclosing Party) By: _____________________ Name: Title: _________________________ Company Y (Receiving Party) By: _____________________ Name: Title: NOTE: This document is a hypothetical example and does not constitute legal advice. It is always recommended to seek legal counsel before drafting or signing legal documents. This proposed NDA fits the brief because it clearly defines the confidential information that is to be protected, outlines the obligations of the Receiving Party, provides for the term of the agreement, and stipulates the remedies in case of breach. The specificity of the agreement helps to prevent potential disputes over what information is confidential and the consequences of a breach. It's also broad enough to cover all potential channels of information (written, oral, or in any other medium), ensuring comprehensive protection for the Disclosing Party.