This Mutual Confidentiality and Non-Disclosure Agreement ("Agreement") is made effective as of ("Effective Date"), between Palmer Advisors, referred to herein as "Palmer," and the undersigned parties: with , and Clara Stedman with Palmer, collectively referred to as the "Parties."
1. Purpose
Palmer and the Parties wish to exchange certain information for the purpose of business acquisition ("Purpose"), which may necessitate the disclosure of Confidential Information (as defined below).
2. Confidential Information
Confidential Information refers to any information disclosed to a Party, whether orally, in writing, electoronically or by any other means, which the disclosing Party considers confidential or proprietary. This includes, but is not limited to, customer or employee data, trade secrets, know-how, inventions, processes, and financial information.
3. Limitation on Use
Recipient agrees to use Confidential Information solely for the Purpose and not for any other purpose without prior written consent from the disclosing Party. Recipient shall take reasonable measures to prevent unauthorized use or disclosure of Confidential Information.
4. Limitation on Disclosure
Recipient shall maintain the confidentiality of Discloser's Confidential Information and shall not disclose it to any third party without prior written consent from the Discloser.
5. Protection
Recipient shall implement reasonable measures to protect Confidential Information from unauthorized use or disclosure.
6. Exclusions
This Agreement does not apply to information that is in the public domain, was lawfully possessed by Recipient prior to disclosure, or is disclosed by an independent third party.
7. Required Disclosure by Law
If Recipient is legally compelled to disclose Confidential Information, Recipient shall provide advance notice to Discloser and cooperate in seeking protective measures.
8. Term
The obligations under this Agreement shall survive termination for a period of two (2) years from the date of receipt of Confidential Information, or longer as required by applicable law.
9. Ownership
Confidential Information remains the sole property of Discloser. Recipient acquires no rights, except for the limited use as provided in this Agreement.
10. No Obligation
Nothing in this Agreement obligates either Party to enter into further agreements or grants any rights beyond those expressly stated herein.
11. Return of Information
Upon termination, Recipient shall promptly return or destroy all Confidential Information and certify such return or destruction in writing.
12. Notification
Recipient shall immediately notify Discloser of any unauthorized use or disclosure of Confidential Information and cooperate in remedying such breach.
13. Remedies
Discloser may seek injunctive or equitable relief for breach of this Agreement, in addition to any other remedies available at law.
14. Warranty Disclaimer
Neither Party makes any warranties regarding the accuracy or completeness of Confidential Information.
15. Dispute Resolution and Governing Law
Any disputes shall be resolved in accordance with the laws of the State of Delaware, USA, and shall be brought exclusively in courts located in Delaware.
16. Assignment
This Agreement may be assigned by either Party with written notice to the other Party.
17. Notice
All notices under this Agreement shall be in writing and deemed effective upon receipt.
18. Consent
Any consent required under this Agreement may be given or withheld at the sole discretion of the Party.
19. Entire Agreement
This Agreement supersedes all previous agreements and constitutes the entire understanding between the Parties.
20. Export Compliance
Recipient shall comply with all applicable export control laws and regulations.
21. Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original.
22. Non-Solicitation/Non-Circumvent
Recipient agrees not to solicit Palmer's personnel or clients, or interfere with Palmer's contracts during the Restricted Period.
23. Severability
If any provision of this Agreement is found to be unenforceable, the remaining provisions shall remain in effect.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.