One way Non Disclosure agreement for discussion of business relationship. It imposes a unilateral obligation of confidentiality on the party who receives the information. This is drafted in short and simple form to procure signing without negotiation. This is drafted in favour of the disclosee.
The Discloser is the beneficial owner of certain confidential information. The Discloser wishes to disclose its confidential information in order that the Disclosee may evaluate that information subject to the terms and conditions of this Agreement for the purpose of determining its interest in establishing a business relationship with the Discloser.
The Disclosee undertakes to the Discloser that it shall:
(a) keep secret and hold in strictest confidence any Information provided or made available to the Disclosee or to any Representative by or on behalf of the Discloser; and
(b) not use any Information otherwise than for the Purpose.
The undertakings under clause 2 shall not apply to any Information in relation to which the Disclosee can demonstrate that that Information:
(a) was, is or has become lawfully available to the public otherwise than through breach of this Agreement; or
(b) was previously known to and at the free disposal of the Disclosee;
(c) was disclosed to the Disclosee by a third party having the right to make that disclosure; or
(d) is at any time independently developed by the Disclosee without the Discloser’s Information.
Non Disclosure Agreement,
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