Utah Non-Disclosure Agreement (NDA)
This Non-Disclosure Agreement (hereinafter referred to as the "Agreement") is made and entered into as of __________ (the "Effective Date"), by and between _____________________ (the "Disclosing Party"), whose address is ___________________________, and _____________________ (the "Receiving Party"), whose address is _________________________, collectively referred to as the "Parties".
Purpose: The Receiving Party agrees to receive confidential information from the Disclosing Party for the sole purpose of ______________________.
Duration: The obligations of the Receiving Party herein shall remain in effect until ________ or until the confidential information disclosed under this Agreement is no longer considered confidential.
Confidential Information includes, but is not limited to, any data, materials, products, technology, computer programs, specifications, manuals, business plans, software, marketing plans, financial information, and other information disclosed or submitted, orally, in writing, or by any other media, to the Receiving Party.
The Receiving Party agrees to:
- Maintain the confidentiality of the information with at least the same degree of care that it uses to protect its own confidential information, but not less than reasonable care;
- Not use the confidential information for any purpose except as expressly permitted by this Agreement;
- Limit access to the confidential information to those of its employees, contractors, and agents who need such access for purposes consistent with this Agreement and who have signed confidentiality agreements with the Receiving Party;
- Not disclose the confidential information to any third party without the prior written consent of the Disclosing Party.
This Agreement shall be governed by and construed in accordance with the laws of the State of Utah. Any legal suit, action, or proceeding arising out of or related to this Agreement or the transactions contemplated hereby shall be instituted exclusively in the federal courts of the United States of America or the courts of the State of Utah in each case located in the City of _________ and County of _________, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action, or proceeding.
The Parties acknowledge that a breach or threatened breach of this Agreement may cause irreparable injury to the Disclosing Party and that remedy at law for any such breach would be inadequate. Therefore, the Disclosing Party shall be entitled to seek injunctions and restraining orders in addition to any other remedies to which it may be entitled at law or in equity.
This Agreement contains the entire agreement between the Parties regarding the subject matter hereof. Any prior understandings, agreements, representations, or warranties, oral or written, relating to such subject matter are superseded by this Agreement.
Signed:
Disclosing Party: _____________________________
Date: _________________________________________
Receiving Party: _____________________________
Date: _________________________________________