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a company incorporated under the Companies Act, 1956 and having its registered office at {COMPANY REGISTERED OFFICE
ADDRESS}, represented by its Director Mr. {DIRECTOR’S NAME} aged about {DIRECTOR’S AGE} years residing at {DIRECTOR’S
ADDRESS} hereinafter referred to as “{COMPANY FIRST NAME}” (which expression shall unless excluded by or repugnant to the subject
or context be deemed to include its successors and assigns) of the ONE PART: AND___________________________________, S/o .
_______________________________ aged about______ years residing at _________________
____________________________________________________ hereinafter called the "RECIPIENT" (which expression shall unless
excluded by or repugnant to the subject or context be deemed to include his/her heirs, executors, administrators, representatives and
permitted assigns) of the OTHER PART.
WHEREAS “{COMPANY FIRST NAME}” has been incorporated to carry on businesses in the areas of channel management, technology
consulting and allied areas.
AND WHEREAS the RECIPIENT is employed as _ in “{COMPANY FIRST NAME}”.AND WHEREAS for achieving its objectives, it is
essential for “{COMPANY FIRST NAME}” that any information related to it’s business or in any way concerning it, be treated as proprietary
and kept strictly confidential by any party to whom such information is disclosed or made known.
AND WHEREAS “{COMPANY FIRST NAME}” has employed the RECIPIENT as _________________________ and in contemplation of
such relationship, “{COMPANY FIRST NAME}” expects to disclose certain confidential trade, business and scientific information to the
RECIPIENT which “{COMPANY FIRST NAME}” considers proprietary.
AND WHEREAS “{COMPANY FIRST NAME}” requires that the RECIPIENT shall enter into a Non-Disclosure Agreement with “{COMPANY
FIRST NAME}” prior to commencement of employment by the RECIPIENT as “{COMPANY FIRST NAME}” shall be disclosing certain
confidential trade, business, technical, scientific and other information to it, which “{COMPANY FIRST NAME}” considers proprietary.
AND WHEREAS the RECIPIENT acknowledges that such confidential information is valuable and agrees that the same shall be kept
confidential and non-circumvented by it / him.
2.2 The RECIPIENT agrees that all Confidential Information disclosed by “{COMPANY FIRST NAME}” shall remain the property of
“{COMPANY FIRST NAME}” and shall not be disclosed by the RECIPIENT.
2.3 The RECIPIENT will not make any other use of the Confidential Information anywhere in the world except as expressly
authorized by this Agreement or subsequently authorized in writing by “{COMPANY FIRST NAME}”.
2.4. The RECIPIENT agrees to safeguard the disclosed Confidential Information by using reasonable efforts, consistent with those
used in the protection of its own confidential / proprietary information of a similar nature, to prevent its disclosure to others.
2.4 It is agreed and understood between the parties that all the rights to the trade mark, copy right, patents, design and know- how
(herein after referred to as IPR) are and shall remain the exclusive property of the “{COMPANY FIRST NAME}”.
Article 3. Non-Competition
3.1 Any Confidential Information coming to the knowledge of the RECIPIENT or by virtue of his employment or course of his employment
in “{COMPANY FIRST NAME}” is strictly confidential and the RECIPIENT shall not directly or indirectly associate himself with third party to
compete in any way anywhere in the world, with the entire range of business, concepts, products, services and intellectual properties of
“{COMPANY FIRST NAME}” or its clients.
3.2 The RECIPIENT agrees not to copy or reverse engineer, or attempt to derive the composition or underlying information of such
proprietary information.
Article 4. Non-Circumvention
The RECIPIENT further and irrevocably agrees not to circumvent, avoid, by pass or obviate “{COMPANY FIRST NAME}”, directly or
indirectly, anywhere in the world and avoid payment of commission and sharing of profits, fees in any transaction, with any candidate,
corporation, partnership or individual or introduced individual, in connection with any transaction, project, addition or re-negotiation,
renewal, extension, rollover, amendments, new contracts or agreements, parallel or collateral contracts or agreements or third party
agreements in any manner whatsoever.
Article 8. Exceptions
“{COMPANY FIRST NAME}” agrees that the foregoing obligations shall not apply with respect to information that
(i) It was in the possession of the RECIPIENT or known by him/her prior to receipt from the “{COMPANY FIRST NAME}”, or It was rightfully
disclosed to the RECIPIENT by another person without restriction, or
(ii) it was independently developed by the RECIPIENT without access to such Proprietary Information, or
(iii) it is required to be disclosed pursuant to any statutory or regulatory authority or court order, provided the RECIPIENT has given the
“{COMPANY FIRST NAME}” prompt notice of such requirement and the opportunity to contest it.
(iv) The “{COMPANY FIRST NAME}” agrees that under any circumstances, the foregoing obligations shall not be applicable after expiry of five
(5) years from the date of disclosure of such proprietary information provided by “{COMPANY FIRST NAME}” to RECIPIENT
13.2. Without limitation to “{COMPANY FIRST NAME}”’s rights set forth above, any dispute arising out of or in connection with this Agreement
which cannot be resolved by the parties acting in good faith, shall be finally settled and determined, by arbitration in accordance with the
Arbitration and Conciliation Act, 1996. The venue of arbitration shall be Bangalore only.
IN WITNESS WHEREOF the parties hereto have, themselves or through their duly authorized representatives, set and subscribed their respective hands the day, month
and
year first above written. SIGNED AND DELIVERED for and on behalf of “{COMPANY FIRST NAME}” India Pvt. Ltd., duly represented by its Director
“DIRECTOR’S NAME:
SIGNED AND DELIVERED by the RECIPIENT
BETWEEN “{COMPANY FIRST NAME}” INDIA PVT. LTD.&
______________________________________________________________________( Name & Signature )