Non-Disclosure Agreement (NDA)This Non-Disclosure Agreement (the "Agreement") is entered into as of todays date (the "Effective Date") by and between
Lincday, a company with its principal place of business at Athinodorou Business Centre, Charalampou Mouskou, Paphos, Cyprus 8010 (the "Disclosing Party"), and the individual or entity submitting the application (the "Recipient"), collectively referred to as the "Parties."
1. Confidential Information
For the purposes of this Agreement, "Confidential Information" shall mean any and all non-public, proprietary, or confidential information disclosed by the Disclosing Party to the Recipient, directly or indirectly, in any form, including but not limited to business strategies, customer lists, financial data, product specifications, intellectual property, and other information designated as confidential or which, under the circumstances of its disclosure, ought to be treated as confidential.
2. Obligations of the Recipient
The Recipient agrees to:
2.1 Hold all Confidential Information in strict confidence and not disclose such information to any third party without the prior written consent of the Disclosing Party.
2.2 Use the Confidential Information solely for the purpose of performing its obligations under this Agreement (the "Purpose") and not for any other purpose, including competitive purposes.
2.3 Take all reasonable measures, but not less than the measures used to protect its own confidential information, to safeguard the Confidential Information against unauthorized use, access, or disclosure.
2.4 Promptly notify the Disclosing Party upon discovery of any unauthorized use or disclosure of the Confidential Information and cooperate with the Disclosing Party to prevent further unauthorized use or disclosure.
3. Exclusions
The Recipient’s obligations under this Agreement shall not apply to information that:
3.1 Is or becomes publicly available without any breach of this Agreement by the Recipient;
3.2 Was in the Recipient’s possession prior to its disclosure by the Disclosing Party, as evidenced by written records;
3.3 Is independently developed by the Recipient without use of or reference to the Disclosing Party's Confidential Information; or
3.4 Is obtained from a third party who is not bound by a confidentiality obligation to the Disclosing Party and who has a lawful right to disclose such information.
4. Term and Termination
4.1 This Agreement shall commence on the Effective Date and remain in effect for a period of one (1) year, unless terminated earlier as provided herein.
4.2 Either Party may terminate this Agreement immediately upon providing written notice to the other Party in the event of a material breach of this Agreement by the other Party.
4.3 Upon termination or expiration of this Agreement, the Recipient shall promptly return or destroy all Confidential Information in its possession or control, including all copies thereof, and certify such return or destruction in writing to the Disclosing Party.
5. Remedies
The Parties acknowledge that any unauthorized use or disclosure of the Confidential Information may cause irreparable harm to the Disclosing Party, for which monetary damages may be inadequate. Accordingly, the Disclosing Party shall be entitled to seek injunctive or other equitable relief to enforce this Agreement, in addition to any other remedies available under law or equity.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the Republic of Cyprus, without giving effect to any conflict of law principles that would result in the application of the laws of another jurisdiction.
7. Entire Agreement
This Agreement constitutes the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, and communications, whether written or oral. Any amendments to this Agreement must be in writing and signed by both Parties.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
DISCLOSING PARTY:Lincday
Athinodorou Business Centre, Charalampou Mouskou, Paphos, Cyprus 8010
business@lincday.comhttps://lincday.com