Terms of service

MUTUAL NON-DISCLOSURE AGREEMENT

RECEIVING PARTY WILL BE KNOWN AS KNOWN AS COMPANY SIGNING AGREEMENT AND DISCLOSING PARTY WILL BE KNOWN AS NEXODUS INC. WHEREAS, Receiving Party has been or will be engaged in the performance of work on scope described; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: 

1. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, “Confidential Information” means proprietary and confidential information about the Disclosing Party’s (or it’s suppliers’) business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as “confidential” or “proprietary.” Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: A. Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. B. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. C. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. D. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. 

2. TERM The term of this Agreement is effective from the date of signature until either or both parties terminate the scope(s) of work. 

3. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. 

4. DISCLAIMER Nothing contained in this Agreement or in any Confidential Information constitutes any express or implied warranty of any kind. All representations or warranties, whether express or implied, including fitness for a particular purpose, merchantability, title, and non-infringement, are hereby disclaimed. Neither this Agreement nor any Confidential Information shall create, nor shall be deemed to create a legally binding or enforceable Agreement or offer to enter into any business relationship. 

5. NO LICENSE GRANTED Neither Party grants to the other any license, by implication or otherwise, to use any Confidential Information except as expressly provided in this Agreement. 

6. COPIES Any copies or reproductions of the Proprietary Information shall bear the copyright or proprietary notices contained in the original. 

7. UNAUTHORIZED USE Receiving Party shall promptly advise Disclosing Party in writing if it learns of any unauthorized use or disclosure of Proprietary Information by any Receiving Party Personnel or former Receiving Party Personnel. 

8. INJUNCTIVE RELIEF Receiving Party acknowledges that the use or disclosure of the Proprietary Information in a manner inconsistent with this Agreement will cause Disclosing Party irreparable damage, and that Disclosing Party shall have the right to equitable and injunctive relief to prevent the unauthorized use or disclosure, and to such damages as are occasioned by such unauthorized use or disclosure. 

9. MODIFICATIONS This Agreement may be modified only by a contract in writing executed by the party to this Agreement against whom enforcement of such modification is sought. 

10. PRIOR UNDERSTANDINGS This Agreement contains the entire agreement between the parties to this Agreement with respect to the subject matter of the Agreement, is intended as a final expression of such parties' agreement with respect to such terms as are included in this Agreement is intended as a complete and exclusive statement of the terms of such agreement, and supersedes all negotiations, stipulations, understanding, agreements, representations and warranties. If any, with respect to such subject matter, which precede or accompany the execution of this Agreement. 

11. WAIVER Any waiver of a default under this Agreement must be made in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. No delay or omission in the exercise of any right or remedy shall impair such right or remedy or be constructed as a waiver. A consent to or approval of any act shall not be deemed to waive or render unnecessary consent to or approval of any other or subsequent act. 

12. COMPLIANCE WITH LAW The Receiving Party agrees to abide by all federal, state, and local laws, ordinances and regulations. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

NON-SOLICITATION TERMS

1.              NON-SOLICITATION OF CUSTOMERS

1.1       During the term of the Employee's employment with the Company and for a period of two years following the termination of employment, the client agrees not to, directly or indirectly, solicit or attempt to solicit any employee, customer or client of the Company for the purpose of providing products or services that are competitive with those offered by the Company.

2.              NON-SOLICITATION OF EMPLOYEES

2.1       During the term of the Employee's employment with the Company and for a period of two years following the termination of employment, the Employee agrees not to, directly or indirectly, solicit or attempt to solicit any employee of the Company for the purpose of hiring or engaging them in employment with any other entity or for any other purpose that is competitive with the interests of the Company.

3.              NON-DISCLOSURE OF CONFIDENTIAL INFORMATION

3.1       The Employee acknowledges that, during the course of their employment with the Company, they have had and will have access to and become familiar with various trade secrets, confidential information, and proprietary information of the Company. The Employee agrees to maintain the confidentiality of all such information and not to disclose it to any third party or use it for any purpose other than in the performance of their duties for the Company.

4.       RETURN OF COMPANY PROPERTY

4.1       Upon termination of employment, the Employee agrees to promptly return to the Company all Company property, including but not limited to documents, records, data, and any other materials or equipment in their possession or control.

5.              ENFORCEABILITY

5.1       The Employee agrees that the restrictions contained in this Agreement are necessary for the protection of the legitimate business interests of the Company, are reasonable in scope and duration, and do not unduly restrict the Employee's ability to earn a livelihood.

6.              GOVERNING LAW

6.1       This Agreement shall be governed by and construed in accordance with the laws.

7.              MODIFICATIONS

7.1       This Agreement may be modified only by a written agreement executed by both Parties.

8.              ENTIRE AGREEMENT

8.1       This Agreement contains the entire agreement between the Parties with respect to the subject matter of the Agreement, supersedes all prior agreements, negotiations, and understandings, and constitutes a final and exclusive expression of the Parties' agreement.