Confidential Disclosure Agreement or Non- Disclosure Agreement is the obligation of confidentiality on the party who receives the information.
The Disclosee have expressed an interest in the Transaction. The Discloser are prepared to make available to the Disclosee certain confidential information about the Transaction.
This Agreement relates to information at any time and from time to time supplied by the Discloser orally, in writing or in any other form to the Disclosee or its Representatives in connection with the Transaction.
In consideration of the disclosure of the Information, the Disclosee undertakes in relation to the Information:
- to maintain the confidentiality of the Information and to use it exclusively for the Purpose and for no other purpose;
- not to copy, reproduce or reduce to writing any part of the Information except as may be reasonably necessary for the Purpose; and
- not to use, reproduce, transform, or store any of the Information in an externally accessible computer or electronic information retrieval system or transmit it except on a need-to-know basis.
The Disclosee shall enforce the obligations set out in this clause at its own expense and at the request of the Discloser insofar as any breach of those obligations relates to the unauthorized disclosure of the Information.
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