European Manufacturing Consultants from Amsterdam. Injection molding / CNC / Metal Work / Tooling / Assembly Lines / IoT Devices / Smart Home / Packaging

NDA

Our business is helping you find manufacturers. Here is our standard NDA - we are also happy to sign your own NDA's - Contact us via email to discuss further - info@eu-made.eu

Our standard NDA

Each undersigned party (the “Receiving Party”) understands that the other party (the “Disclosing Party”) has disclosed or may disclose information relating to the Disclosing Party’s business or operations (including, without limitation, names and expertise of employees and consultants, know-how, formulas, processes, ideas, inventions (whether patentable or not), schematics and other technical, business, financial, customer and product development plans and information), which to the extent previously, presently, or subsequently disclosed to the Receiving Party is hereinafter referred to as “Proprietary Information” of the Disclosing Party.

Notwithstanding the foregoing, nothing will be considered “Proprietary Information” of the Disclosing Party unless either (1) it is first disclosed in tangible form and is conspicuously marked “Confidential,” “Proprietary” or the like or (2) it is first disclosed in nontangible form and orally identified as confidential or proprietary at the time of disclosure and is summarized in tangible form, conspicuously marked “Confidential” or “Proprietary” and provided to the Receiving Party within 30 days of the original disclosure.

 

Proprietary Information shall not, include any information which Receiving party can establish that was publicly known and made generally available in the public domain prior to the time of disclosure or is developed independently by the Receiving party without reference to or referral of the Disclosing party’s confidential Information or becomes publicly known and made generally available after disclosure to Receiving party by Disclosing party or is in the possession of Receiving party at the time of disclosure by Disclosing party as shown by Receiving party dated files and records prior to the time of disclosure.

 

In consideration of the parties’ discussions and any access the Receiving Party may have to Proprietary Information of the Disclosing Party, the Receiving Party hereby agrees as follows:

 

1. To hold confidential or proprietary information or trade secrets in trust and confidence and agrees that it shall be used only for the purpose of business product or idea development for Disclosing Party and shall not be used for any other purpose, or disclosed to any third party.

2. To safeguard and exercise reasonable precautions against disclosure of the confidential or proprietary information to others.

3. To not disclose proprietary or confidential information to any employee, consultant or third party unless they agree to execute and be bound by the terms of this Agreement.

 

Receiving Party’s duty to protect Discloser’s Confidential or Proprietary Information expires five (5) years from the date on which that Confidential Information was disclosed to Recipient. Either party may terminate this Agreement upon ten (10) days written notice; however, any termination of this Agreement shall not relieve Recipient of its confidentiality and use obligations with respect to Confidential Information disclosed prior to the date of termination.

 

Receiving Party agrees that violation of this Agreement entitles Disclosing party legal remedies determined by a judge governed by the laws of The Netherlands.

 

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