SALES NDA FOR DISCUSSING PROJECTIONS
This Non-Disclosure Agreement (“Agreement”) is entered into as of May 10, 2050 (“Effective Date”) by and between [Your Company Name], hereinafter referred to as the "Disclosing Party," and [Receiving Party Name], hereinafter referred to as the "Receiving Party," collectively referred to as the "Parties."
1. Purpose of the Agreement
The Parties intend to engage in substantive discussions regarding potential business opportunities related to sales projections for the Disclosing Party. These discussions necessitate the sharing of proprietary, confidential, and financial information which the Disclosing Party deems to be sensitive and/or secret ("Confidential Information").
2. Definition
For the purpose of this Agreement, Confidential Information is defined as any data, information, document, and/or material related to the Disclosing Party’s sales projections that is not generally known to the public, including but not limited to the information specifically listed in the table below:
Category | Description |
|---|
Financial Projections | Revenue forecasts, sales targets, and expected market growth. |
Strategic Planning | Upcoming product launches, marketing strategies, and sales tactics. |
Analytical Data | Market analysis, customer segmentation, and competitive research. |
Operational Information | Internal processes, sales operation plans, and performance metrics. |
3. Non-Disclosure Obligations
3.1. Obligations of the Receiving Party
The Receiving Party covenants and agrees that it will:
Preserve and protect the confidentiality of the Confidential Information with the same degree of care that it protects the confidentiality of its own proprietary and confidential information of like kind but in no event with less than a reasonable degree of care.
Restrict disclosure of the Confidential Information solely to those employees or authorized representatives who are necessary stakeholders in the evaluation of the potential business opportunities and ensure that such individuals are aware of and comply with these non-disclosure provisions.
Refrain from duplicating, reproducing, or reverse engineering any part of the Confidential Information without the express prior written permission of the Disclosing Party.
Promptly notify the Disclosing Party upon discovery of any unauthorized use or disclosure of the Confidential Information or any other breach of this Agreement.
Notwithstanding the above, the Receiving Party may disclose Confidential Information if legally compelled to do so, provided that prior written notice of such compelled disclosure is given to the Disclosing Party.
3.2. Duration of Confidentiality Obligations
The obligations to maintain confidentiality set forth in this Agreement shall persist for a period of five (5) years subsequent to the Effective Date of this Agreement, notwithstanding any termination or conclusion of said Agreement.
4. Exclusions from Confidential Information
Confidential Information does not encompass data or information which:
Was in the possession or rightfully known by the Receiving Party prior to receipt from the Disclosing Party, as evidenced by the Receiving Party’s contemporaneous written records.
Becomes public knowledge or enters the public domain through no fault of the Receiving Party, or by other means than a breach of the obligations of this Agreement.
Is developed independently by the Receiving Party without reliance on or reference to the Confidential Information provided by the Disclosing Party as demonstrated by documented evidence.
Is required to be disclosed pursuant to a regulation, law, or court order, provided that the Receiving Party provides prompt written notice, where practicable, to the Disclosing Party prior to such disclosure.
5. Governing Law
This Agreement, and any dispute arising from the relationship between the Parties to this Agreement, shall be governed by the laws of the state where the Disclosing Party is headquartered. The Parties agree to submit to the exclusive jurisdiction and venue of the courts within that state and waive any objection to such jurisdiction or venue.
6. Amendment and Waiver
No amendment, modification, or waiver of any clause or condition of this Agreement shall be valid or binding unless made in writing and duly signed by each Party. The failure or delay by either Party to enforce any term of this Agreement or to act upon a breach of any term shall not constitute a waiver of their rights.
7. Duration of Agreement
This Agreement shall become effective as of the date first set forth above and, unless terminated earlier in accordance, shall remain in full force and effect until May 10, 2055, after which time it shall expire.
8. Termination
This Agreement may be terminated before the end of the specified term by mutual written consent of both Parties or unilaterally by either Party upon twenty (20) days’ written notice to the other Party. Upon termination of this Agreement, the Receiving Party shall promptly return or destroy all copies of Confidential Information as directed by the Disclosing Party.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
Disclosing Party
[Disclosing Party Representative Name]
[Title]
[Date]
Receiving Party
[Receiving Party Representative Name]
[Title]
[Date]
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