Mutual Non-Disclosure Agreement

  • In order to evaluate and possibly enter into a business transaction (the “Purpose”), Combs Ventures, LLC (“Company”) and the individual or entity identified below, for themselves and their subsidiaries and affiliates, hereby agree as follows:

    1. Effective Date. The Effective Date of this agreement is the earlier to occur of: (i) the date this agreement is entered into by the parties; or (ii) the first date on which the parties engage in the Purpose.

    2. Parties. A party (the “Discloser”) may disclose to the other party (the “Recipient”) information pertaining to the Purpose that the Discloser considers confidential (“Confidential Information”).

    3. Purpose. Recipient may use Confidential Information only for the Purpose. Recipient must use a reasonable degree of care to protect Confidential Information and to prevent any unauthorized use or disclosure of Confidential Information. Recipient may share Confidential Information with its employees, directors, agents or third party contractors who need to know it and if they have agreed with either party in writing to keep information confidential.

    4. Personal Information. The term “Personal Information” refers to any private information which identifies an individual such as names, addresses, telephone numbers, electronic addresses, social security numbers, credit card numbers, medical records, and demographic information. The Recipient shall comply with all privacy and data protection laws, rules and regulations which are or which may in the future be applicable to any Personal Information disclosed to Recipient. Without limiting the generality of the preceding sentence, the Recipient agrees that it will not use nor disclose to any other party any Personal Information.

    5. Exceptions. Confidential Information does not include information that: (a) was known to Recipient without restriction before receipt from Discloser; (b) is publicly available through no fault of Recipient; (c) is rightfully received by Recipient from a third party without a duty of confidentiality; or (d) is independently developed by Recipient. A party may disclose Confidential Information when compelled to do so by law if it provides reasonable prior notice to the other party, unless a court orders that the other party not be given notice.

    6. Termination. Either party may terminate this agreement with thirty days prior written notice, but this agreement’s provisions will survive as to Confidential Information that is disclosed before termination and for any ongoing transactions.

    7. Duration. Unless the parties otherwise agree in writing, Recipient’s duty to protect Confidential Information expires five years from disclosure. Notwithstanding the foregoing, the Recipient acknowledges that (i) its obligations under this agreement with respect to Personal Information shall remain in effect for as long as such information shall remain Personal Information under applicable law; and (ii) its obligations under this agreement with respect to trade secrets shall remain in effect for as long as such information shall remain a trade secret under applicable law.

    8. No Obligation. This agreement imposes no obligation to proceed with any business transaction.

    9. No Licenses. No party acquires any intellectual property rights under this agreement except the limited rights necessary to use the Confidential Information for the Purpose.

    10.Independent Development; No Duty to Provide Access. Nothing in this Agreement shall be construed to preclude either party from developing, using, marketing, licensing, and/or selling any product or service that is developed without use of the Confidential Information, nor require a party to disclose any Confidential Information.

    11. Relationship. This agreement does not create any agency or partnership relationship.

    12. Entire Agreement. This agreement is the parties’ entire agreement on this topic, superseding any prior or contemporaneous agreements. Any amendments must be in writing. Failure to enforce any of provisions of this agreement will not constitute a waiver.

    13. Governing Law. This agreement is governed by the laws of the state listed in the notice address of Company, excluding its conflict-of-laws principles.

    Accepted and Agreed

    Company Information:

    Legal Name of Company: Combs Ventures, LLC

    Address: 80 12th St NE, #209, Atlanta, Georgia 30309 United States

    Your Information:

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