CONFIDENTIALITY AGREEMENT
This Agreement is made and entered into on [June 25, 2006 (“Effective Date”)] by and between [Ace Co., Ltd.], a company organized under the laws of [USA], having its registered office located at [11 Congress St, Portland, Maine 04102 U.S.A.], hereinafter referred to as “[Ace]” and [Best Co., Ltd.], a company organized under the laws of [Korea], having its registered office located at [2-8 Beonji, Boemo-3-dong, Suseoung-gu, Daegu, Korea 706-816], hereinafter referred to as “[Best]”.
WHEREAS, both Parties, for their mutual benefit, desire to disclose to the other some documents, data and other business and/or technical information relating to the [radio manufacturing] technology [and related markets], which are proprietary and confidential to the disclosing Party, in order to eval!! uate the potential of the [radio manufacturing] technology [and related markets].
NOW, THEREFORE, in consideration of receipt of the proprietary and confidential information of the scope set forth above and the mutual promises made herein, THE PARTIES AGREE AS FOLLOWS:
1. Proprietary and confidential information subject to the restrictions of Article 2 hereinbelow shall be in writing or other tangible form, clearly marked as “CONFIDENTIAL” when disclosed to the receiving Party or, if not in tangible form (i.e. disclosed orally or observed, then identified as confidential when revealed and summarized in a writing so marked, referencing the date and type of information disclosed, and delivered to the receiving Party within thirty days of such disclosure); such information is hereinafter referred to as “CONFIDENTIAL INFORMATION” that is furnished to the other upon which restrictions are imposed.
2. The receiving Party, for a period of [10 (ten)] years as from the Effective Date of this Agreement, shall hold such CONFIDENTIAL INFORMATION in confidence, shall use such CONFIDENTIAL INFORMATION only for the purpose of this Agreement, shall reproduce such CONFIDENTIAL INFORMATION only to the extent necessary for such purpose, shall restrict disclosure of such CONFIDENTIAL INFORMATION to those of its employees with a need to know, shall not disclose such CONFIDENTIAL INFORMATION to any third party without prior written approval of the other Party and shall use the same care and caution it affords its own confidential information to protect CONFIDENTIAL INFORMATION received under this Agreement from disclosure to third parties.
3. These restrictions on use or disclosure of CONFIDENTIAL INFORMATION shall not apply to any CONFIDENTIAL INFORMATION which is:
(a) at the time of disclosure to the receiving Party, known to such Party free of restriction or disclosure and evidenced by documentation in such Party’s possession ;
(b) publicly known or later made generally public, through no wrongful act of the receiving Party ;
(c) independently developed by the receiving Party ;
(d) lawfully received free of restriction from another source having the right to furnish such CONFIDENTIAL INFORMATION and who had not received it directly or indirectly from the receiving Party ; or
(e) approved for release in writing by the disclosing Party.
Information other than proprietary CONFIDENTIAL INFORMATION identified as provided above shall not be subject to any restriction by the transmitting Party as to the receiving Party’s disclosure or use thereof.
Confidentiality Agreement, Non-Disclosure Agreement, NDA 등으로 부르지만
다 같은 비밀유지계약서입니다