Non-Disclosure Agreement
This Non-Disclosure Agreement ("Agreement") is made between users ("Parties") engaging with Kraftbeat LLC's platform. The purpose of this Agreement is to protect the confidentiality of information shared between users during interactions on the platform.
Parties
- Disclosing Party: Any user or entity providing confidential information through the platform.
- Receiving Party: Any user or entity receiving confidential information through the platform.
1. Definition of Confidential Information
"Confidential Information" refers to any non-public, proprietary, or sensitive information disclosed during interactions on the platform, including but not limited to business strategies, marketing plans, financial data, technical information, customer lists, trade secrets, and other confidential material identified as such at the time of disclosure.
2. Obligations of Receiving Party
Each Receiving Party agrees to:
- Maintain the confidentiality of the Confidential Information and not disclose it to any third parties without prior consent from the Disclosing Party.
- Use the Confidential Information solely for purposes related to their business relationship on the platform.
- Implement reasonable security measures to protect the confidentiality of the Confidential Information.
3. Exclusions from Confidential Information
Confidential Information does not include information that:
- Is or becomes publicly available through no fault of the Receiving Party.
- Is independently developed by the Receiving Party without use of or reference to the Disclosing Party's Confidential Information.
- Is obtained from a third party who is not bound by confidentiality obligations.
- Is disclosed with the prior written approval of the Disclosing Party.
4. Duration of Confidentiality
The confidentiality obligations shall remain in effect for 10 years from the date of disclosure, or until the Confidential Information becomes public through no fault of the Receiving Party, whichever occurs first.
5. Return or Destruction of Confidential Information
Upon termination of this Agreement or at the Disclosing Party's request, the Receiving Party shall return or destroy all materials containing Confidential Information and provide certification of such action.
6. Consequences of Breach
The Receiving Party acknowledges that any breach of this Agreement may cause irreparable harm to the Disclosing Party, who shall be entitled to seek injunctive relief and any other remedies available at law or equity, including damages.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction used in the Transfer of Rights Agreement. Both parties submit to the jurisdiction of the courts in that jurisdiction for any legal disputes arising under this Agreement.
8. Acceptance
By checking the acceptance box, users confirm they have read and agree to the terms of this Non-Disclosure Agreement.
9. Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.