Q: What is the purpose of this agreement? A: The purpose of this agreement is to protect and regulate the disclosure of confidential information between the parties involved in a potential business relationship.
Q: Who are the parties involved in this agreement? A: The parties involved in this agreement are the “Receiving Party” and Kartexa, referred to as the “Disclosing Party.”
Q: What is considered “Confidential Information” under this agreement? A: Confidential Information refers to any information or data, tangible or intangible, that is not publicly known and is disclosed by the Disclosing Party to the Receiving Party. It includes trade secrets, customer lists, financial data, marketing strategies, and product specifications, among other things.
Q: What are the obligations of the Receiving Party regarding the Confidential Information? A: The Receiving Party is obligated not to disclose or use the Confidential Information for any purpose other than evaluating the potential business relationship between the parties. The Receiving Party must also take reasonable measures to protect the Confidential Information from unauthorized access or disclosure.
Q: How long does this agreement remain in effect? A: This agreement remains in effect for a period of seventy years from the date of its execution, unless otherwise agreed upon in writing by the parties.
Q: What happens to the Confidential Information after the agreement ends? A: Upon written request by the Disclosing Party, the Receiving Party agrees to return or destroy all Confidential Information received from the Disclosing Party, including any copies thereof.
Q: What remedies are available to the Disclosing Party in case of a breach of this agreement? A: The Disclosing Party has the right to seek injunctive relief and other legal remedies available to enforce the provisions of this agreement. The Receiving Party acknowledges that a breach may cause irreparable harm to the Disclosing Party.
Q: Does this agreement grant any intellectual property rights to the Receiving Party? A: No, this agreement does not grant any license, express or implied, to the Receiving Party to use any patent, trademark, copyright, or other intellectual property rights of the Disclosing Party.
Q: Which state’s laws govern this agreement? A: This agreement is governed by and construed in accordance with the laws of the state of Uttar Pradesh.
Q: Is this agreement the entire understanding between the parties? A: Yes, this agreement constitutes the entire agreement between the parties involved and supersedes any prior or contemporaneous negotiations, understandings, or agreements, whether written or oral, related to the subject matter of the agreement.
Q: Can this agreement be executed in multiple counterparts? A: Yes, this agreement can be executed in counterparts, meaning that each party can sign a separate copy, and all the signed copies together will constitute one complete agreement.