This Mutual Non-Disclosure Agreement (the “Agreement”) is made and entered into on the date of [ ________________ (MM/DD/YYYY)] (the “Effective Date”) by and between Advantech Co., Ltd. (“Advantech”) and ______________ __ (“Company”).
WHEREAS, either party (“Discloser”) may disclose to the other party (“Recipient”) certain confidential information for the purpose of ______________ __ (“Purpose”).
To protect Discloser’s interests in the information and maintain secret nature of it, the parties agree as follow:
1. “Confidential Information” in this Agreement shall mean non-public information disclosed by Discloser to Recipient for the Purpose, which is either: (i) marked or labeled with “Confidential” or “Proprietary” if the information is in written form or other tangible forms; or (ii) designated by Discloser as Confidential Information before disclosure and confirmed by written summary submitted to Recipient within 15 days from disclosure if the information is in oral, visual or other intangible forms.
2. Confidential Information shall not include any information which is or becomes:
(a) in the public domain through no fault of Recipient;
(b) lawfully obtained by Recipient from a third party who has no confidentiality obligations with regard to the information;
(c) already known to Recipient before receipt of such information from Discloser; or
(d) independently developed by Recipient.
3. Recipient agrees to abide by the followings:
(a) Confidential Information shall not be disclosed to any third party. However, Recipient may disclose Confidential Information to its employees, affiliated companies, agents or subcontractors (collectively “Authorized Persons”) only on a “need-to-know” basis for the Purpose, provided that such Authorized Persons have been advised of the secret nature of the information and entered into a non-disclosure agreement with Recipient.
(b) Recipient shall use Confidential Information only for the Purpose and shall treat Confidential Information with the same degree of care that Recipient protects its own information of secret nature, which shall not be less than the reasonable degree of care.
(c) Except for the Purpose, Recipient shall not copy or reproduce any part of Confidential Information without prior written consent of Discloser. Reproduced copies of Confidential Information shall be considered as Confidential Information.
(d) Upon discovery of any unauthorized use or disclosure of Confidential Information or any other breach of this Agreement, Recipient shall notify Discloser immediately and cooperate with Discloser in every reasonable way to help Discloser regain possession of Confidential Information and prevent further unauthorized use.
(e) Upon the receipt of written request from Discloser, Recipient shall promptly return or destroy (evidenced by a written certification) all copies of Confidential Information in its’ possession.
Recipient’s disclosure of Confidential Information shall not be considered as breach of its confidentiality obligations under this Agreement if:
(a) Recipient is required to disclose Confidential Information under applicable laws or a court order, provided that Recipient shall promptly give a written notice to Discloser prior to such disclosure and assist Discloser in obtaining a protective order; or
(b) Recipient obtains Discloser’s prior written approval.
Recipient shall disclose only that portion of Confidential Information which is required by law or court order to be disclosed.
4. This Agreement shall become effective from the Effective Date and shall remain in effect for two (2) years; however, either party shall have the right to terminate this Agreement at any time by submitting a 30-day prior written notice to the other party.
The term of Recipient’s confidentiality obligations with regard to Confidential Information hereunder shall be three (3) years after disclosure, surviving the termination or expiration of this Agreement.
5. All Confidential Information is provided "AS IS" and without any warranty of any kind, express, implied or otherwise, including but not limited to any warranties regarding its accuracy, completeness, performance or non-infringement of third party rights or its merchantability or fitness for a particular purpose.
6. Nothing in this Agreement shall obligate Discloser to disclose any information to Recipient. Neither party shall be required to supply or purchase any products or service to or from the other party due to the execution of this Agreement.
7. Nothing in this Agreement shall be construed as granting any license or conferring any interests and rights to Recipient with regard to Confidential Information.
8. Nothing in this Confidentiality Agreement shall be construed as limiting either Party’s rights to:
(a) pursue any other business opportunities which may compete with those of the other Party;
(b) develop products or services which may compete with those involved herein;
(c) associate itself with competitors of the other Party for purposes substantially similar to the Purpose; or
(d) supply any product or service to any third party which may compete with products or services of the other Party.
9. Discloser shall be entitled to seek equitable relief, which shall not be deemed to be the exclusive remedy for a breach of this Agreement and shall be in addition to all other remedies available at law or in equity.
10. Failure by any party to enforce any provision of this Agreement shall not constitute waiver of or estoppel with respect to any right or remedy hereunder.
11. Amendment or modification of this Agreement shall be made in writing by the parties.
12. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
13. This Agreement constitutes the entire agreement of the parties with respect to subject matter hereof, and supersedes any and all prior oral or written agreements, representations and understandings.
14. This Agreement shall be governed by and construed in accordance with the laws of Taiwan, without regard to or application of its choice of law rules or principles. If any dispute arising out of or relating to this Agreement cannot be settled by negotiations of the parties in good faith, such dispute shall be referred to the Taiwan Shilin District Court as first instance.
15. Each party and its legal counsel have reviewed and participated in or have had the opportunity to review and participate in the drafting of this Agreement; any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in interpreting this Agreement.
16. As used herein, “affiliated company” shall mean a legal entity that (a) directly or indirectly controls a party hereof, or (b) is controlled by a party hereof, or (c) that is under common control with a party hereof, and "control” shall mean that more than 50% of the controlled entity’s voting shares or ownership for such entity are owned or controlled, directly or indirectly, by the controlling entity.
IN WITNESS HEREOF, the parties hereto have executed this Agreement by their duly authorized representative.