West Virginia Non-Disclosure Agreement (NDA)
This Non-Disclosure Agreement ("Agreement") is made and entered into effective as of ___________ (the "Effective Date"), by and between ___________ ("Disclosing Party"), with a principal place of business located at ___________, and ___________ ("Receiving Party"), with a principal place of business located at ___________. The parties agree to the following terms and conditions to protect the confidentiality of certain information disclosed during their business relationship.
1. Definition of Confidential Information
For the purpose of this Agreement, "Confidential Information" refers to any data or information that is proprietary to the Disclosing Party and not generally known to the public, whether in tangible or intangible form, whenever and however disclosed, including but not limited to:
- Technical and non-technical information related to products or services,
- Business and marketing plans,
- Strategies,
- Customer and supplier lists, and
- Other proprietary information
provided that such information is marked or designated as confidential or proprietary, or reasonably should be understood to be confidential given the nature of the information and the circumstances surrounding its disclosure.
2. Exceptions to Confidential Information
Confidential Information shall not include information that:
- Is or becomes publicly known through no fault of the Receiving Party;
- Is already known by the Receiving Party prior to disclosure by the Disclosing Party;
- Is rightfully received by the Receiving Party from a third party without a duty of confidentiality;
- Is independently developed by the Receiving Party without use of the Disclosing Party’s Confidential Information; or
- Is required to be disclosed by law or by a regulatory authority, provided that the Receiving Party gives the Disclosing Party prompt written notice of such requirement prior to such disclosure.
3. Obligations of the Receiving Party
The Receiving Party agrees to:
- Use the Confidential Information solely for the purpose of evaluating or carrying out the business relationship between the parties;
- Keep the Confidential Information confidential using at least the same degree of care it uses to protect its own confidential information but in no event less than a reasonable degree of care;
- Restrict access to the Confidential Information to those employees or consultants who need to know the information for the purpose of the business relationship and who have signed confidentiality agreements containing protections no less stringent than those herein;
- Not disclose the Confidential Information to any third party without the prior written consent of the Disclosing Party.
4. Term
This Agreement shall be effective as of the Effective Date and shall continue in effect until ___________ or until earlier terminated by either party upon ___________ days written notice to the other party.
5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of West Virginia, without regard to its conflict of laws principles.
6. Miscellaneous
- Any amendment or modification of this Agreement must be in writing and signed by both parties.
- This Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or contemporaneous agreements, understandings, representations, or communications, both written and oral.
- If any provision of this Agreement is found to be unenforceable, the remainder of this Agreement will continue in full force and effect.
- This Agreement may not be assigned by either party without the prior written consent of the other party.
IN WITNESS WHEREOF, the parties have executed this Non-Disclosure Agreement as of the Effective Date.
Disclosing Party:
______________________
By: ____________________
Title: __________________
Date: __________________
Receiving Party:
______________________
By: ____________________
Title: __________________
Date: __________________