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NON-DISCLOSURE AND NON-CIRCUMVENTION AGREEMENT

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NON-DISCLOSURE AND NON-CIRCUMVENTION AGREEMENT

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 000069
  • Version V 1.0
  • Last Updated 07-06-2023
  • Reviews 0
Document Summary

This non-disclosure and non-circumvention agreement imposes mutual obligations on both parties. The agreement prevents the receiving party from disclosing any confidential information. It also prevents the receiving party from bypassing the disclosing party and contracting with certain parties whom the disclosing party deals with which may be detrimental to the disclosing party.

Description

A non-circumvention clause asserts that no transaction in relation to the disclosed confidential information can be proceeded without obtaining the disclosing party’s approval. This will protect the disclosing party from being denied fair compensation to which it may be entitled.                               

This agreement contains the following sections:

1.     Definitions and Citations

2.     Exchange of Confidential Information

3.     Own Risk and Absence of Liability

4.     Use of Confidential Information

5.     Exceptions

6.     Notice of Disclosure

7.     Notice of Violations of Confidentiality

8.     Copying Confidential Information

9.     Return of Confidential Information

10.  Standard of Care

11.  Ownership of Confidential Information

12.  Non-Circumvention

13.  Violations of Agreement

14.  Assignment and Successors

15.  Notices

16.  Applicable Law and Severability

17.  Duration and Binding Effects

18.  Amendment

19.  Third Party Rights

20.  Counterparts

21.  Language

Jurisdiction

This agreement is intended for use in the United Arab Emirates.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating or executing this agreement. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.