NON DISCLOSURE AGREEMENT
This Non disclosure agreement is made between Hunting Dollars and Angel Investor, and it shall govern the relationship of Angel Investor with
start up businesses on this website, as well as your use of the website. By using, you agree to comply and be bound by the provisions of this Non disclosure agreement.
The following expressions below shall be interpreted thus:
- Party refers individually to either the Hunting Dollars Start up or the Angel Investor.
- Parties refer collectively to both the Hunting Dollars, Start up and Angel Investor.
- Effective date shall mean the date this contract is executed.
Confidential information refer to any information that is proprietary to the Start up and which the public isn’t aware of,
or that has not been made known to members of the public; whether in tangible or intangible form, whenever and however disclosed.
The confidential information to be disclosed by the Start up (“Confidential Information”) can be described as,
and includes: Technical and business information relating to the Start up’s proprietary ideas, patentable ideas copyrights and/or trade secrets,
existing and/or contemplated products and services, software, schematics, research and development, production, costs, profit and margin information,
finances and financial projections, customers, clients, marketing, and current or future business plans and models,
regardless of whether such information is designated as “Confidential Information” at the time of its disclosure. In addition to the above,
Confidential Information shall also include, and the Angel Investor shall have a duty to protect other confidential and/or sensitive information which is
(a) disclosed by Start up in writing and marked as confidential (or with other similar designation) at the time of disclosure;
and/or (b) disclosed by Start up any other manner and identified as confidential at the time of disclosure.
Angel Investor undertakes to Hunting Dollars as follows:
to hold the Proprietary Information of startup discussed or shared with Angel Investor in strict confidence and to take all reasonable
precautions to protect such Proprietary Information (including, without limitation, all precautions that the Angel Investor employs with
respect to its own confidential materials);
not to disclose the Proprietary Information (such as ideal and business strategy) or any information of start up business or such other
information disclosed by startup derived there from to any third party;
not to make any use whatsoever at any time of such Proprietary Information except to evaluate internally its relationship with the company, and
not to copy or reverse engineer any such Proprietary Information.
Company’s Trade Secrets
In During the period of business relationship of startup and angel investor, Start up will be exposed to Start up’s Confidential Information like:
information concerning start up’s business, including cost information, profits, sales information, accounting and unpublished financial information,
business plans, markets and marketing methods, customer lists and customer information, purchasing techniques, supplier lists and supplier information
and advertising strategies.
any other information not generally known to the public which, if misused or disclosed, could reasonably be expected to adversely affect Start up’s business.
Angel Investor understands that the information deemed confidential is of value to the Start up and shall hold all information at the same level of confidentiality as personal information is held.
Angel investor agree to hold all confidential information made available to standard non-disclosure terms and will not make the said information available or disclose said information to third party vendors or individuals without Start up’s prior written consent.
Undertakings of Startup
Angel Investor agrees not to disclose any confidential information to any third party but rather keep it privileged from members of the public.
Angel Investor shall not disclose or engineer the ideas of startups, their logs and founders information unless with a duly executed document form startup giving Angel investor authorization to use its information.
Angel Investor warrants to Hunting Dollars to use the Confidential Information of startup solely in connection with purposes contemplated between the Parties in this and not to use it for any other purpose or without the prior written consent of the Start up.
Angel Investor shall immediately notify Start up upon becoming aware of any breach of confidence by anybody to whom it has disclosed the Confidential Information, and give all necessary assistance in connection with any steps which the owner and start up may wish to take, prevent, stop or obtain compensation for such a breach or threatened breach.
Angel Investor warrants not to use ideas of startups, their logs and founders information without express documents and evidences and right granting angel investor to use such information.
Angel Investor acknowledges and agree that any breach of any of the term of this contract will result in unquantifiable, irreparable loss and damage to the start up and shall as of a right be entitled to a redress, compensation, injunction order, specific performance or such remedy as may be necessary for the start up.
Angel investor shall indemnify and hold harmless Start up against any claim, liability, cost, including but not limited to reasonable attorney’s fee arising from any breach of contract, negligence breach 0f trust or tort committed by the Angel investor.
This agreement shall be binding on the successors and assignees of the Parties, and shall inure to the benefit of any successors and assigns of the Parties.
The failure to exercise any right provided in this Agreement shall not be a waiver of prior or subsequent rights.
If any provision in this Agreement is deemed to be invalid or unenforceable for any reason, it will not affect the remaining provisions and those provisions will continue to be valid and enforceable.
This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral and written, between the parties with respect to such subject matter.