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Preliminary Sales Discussions NDA

Preliminary Sales Discussions NDA

This Non-Disclosure Agreement ("Agreement") is entered into as of [Month, Day, Year] ("Effective Date"), by and between:

[Your Company Name], a company registered under the laws of the State of [Your State], with its principal place of business at [Your Company Address] ("Disclosing Party"), and

[Secondary Party], a company registered under the laws of the State of [Secondary Party State], with its principal place of business at [Secondary Party Address] ("Receiving Party").

Collectively, the Disclosing Party and the Receiving Party shall be referred to as the "Parties."

WHEREAS, the Disclosing Party possesses certain confidential information, including but not limited to, proprietary sales discussions and marketing strategies, product development plans, customer lists, financial information, and other information that may be disclosed to the Receiving Party (collectively, the "Confidential Information") for the purpose of evaluating potential sales and business opportunities.

NOW, THEREFORE, in consideration of the premises and covenants contained herein, the Parties hereby agree as follows:

1. Confidential Information:

a. The Disclosing Party agrees to disclose certain Confidential Information to the Receiving Party solely for the purpose of discussing potential sales and business opportunities.

b. The Receiving Party agrees to receive and maintain the Confidential Information in strict confidence and to use it only for the purpose described in section 1(a) above.

2. Non-Disclosure:

a. The Receiving Party shall not disclose, provide access to, or share the Confidential Information with any third parties without the prior written consent of the Disclosing Party.

b. The Receiving Party shall restrict access to the Confidential Information to only those of its employees, agents, or representatives who have a legitimate need to know for the purposes of evaluating potential sales and business opportunities. The Receiving Party shall ensure that such individuals are bound by obligations of confidentiality at least as restrictive as those set forth in this Agreement.

3. Limitations:

a. The obligations of confidentiality set forth in this Agreement shall not apply to any information that:

  • Is or becomes publicly known without breach of this Agreement by the Receiving Party;

  • Is already in the possession of the Receiving Party without an obligation of confidentiality at the time of disclosure;

  • Is rightfully obtained by the Receiving Party from a third party without a duty of confidentiality; or

  • Is independently developed by the Receiving Party without reference to the Confidential Information.

4. Return of Information:

a. Upon the written request of the Disclosing Party, or upon the termination of discussions related to the potential sales and business opportunities, the Receiving Party shall promptly return or destroy all copies of the Confidential Information, except for information required to be retained for legal, regulatory, or compliance purposes.

5. Term:

a. This Agreement will retain its full effect for a duration of [Specify Number] years, beginning from the Effective Date, unless there happens to be a written termination issued in prior by any of the parties involved in this Agreement.

6. Governing Law:

a. The stipulations and provisions in this Agreement are to be interpreted and understood in accordance with the legislative rules and regulations of the State of [Your State]. The legal framework of [Your State] will dictate and influence how this Agreement is governed and managed.

7. Entire Agreement:

a. This Agreement is the comprehensive representation of the understanding between both Parties with regard to the subject matter contained within this document. It stands above and replaces all previous and concurrent discussions, negotiations, and understandings between the parties. These could have been in spoken or written form, but they are all superseded by this Agreement.

8. Counterparts:

a. This Agreement holds the capacity to be executed through distinct counterparts. Every individual part of the counterparts is anticipated to be denoted as an original in its own capacity. Despite being separate parts initially, all these counterparts collectively signify a singular and identical legal instrument. Thus, together they present the entire Agreement, each part being an equally valid representation of the original.

IN WITNESS WHEREOF, the Parties hereto have executed this Non-Disclosure Agreement as of the Effective Date.

[Your Company Name]

[Your Name]

[Your Job Title]

[Month, Day, Year]

[Secondary Party]

[Secondary Party Representative Name]

[Job Title]

[Month, Day, Year]

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