NDA Bill Canad
NDA Bill Canad
NDA Bill Canad
CONFIDENTIAL
NON-DISCLOSURE AGREEMENT
(The “Agreement”)
And, Mr. Bill General Trading LLC official register 2015574, a Company established
under the Laws of the United Arab Emirates, whose registered Office located at Dubai
Investments Park, DIP, Dubai, United Arab Emirates, identified as “Party B” and together
the “Parties”.
BACKGROUND
The Companies Party A or Be1B and Party B Mr. Bill General Trading LLC revealed or/
and plan to disclose between the Confidential Information (as defined herein). In
consideration for the parties revealing Confidential Information and to any of your
subsidiaries, directors, members, officers, employees, agents and advisors including
without limitation attorneys, accountants, technicians, consultants and technical
advisors etc. ("your Representatives"), the Party and your Representatives agree that all
such information will be treated by the Parties and/or your Representatives as being
strictly confidential in accordance with this Agreement. For the Parties to evaluate or
pursue a business relationship each other (the "Specified Purpose"). In order to enable
the Parties and yours Representatives to undertake the Specified Purpose the Parties
wish to access certain Confidential Information. The Confidential Information may be
disclosed to each other through written or oral communications, or transfer of data
through electronic means and during the discussions relating to the Specified Purpose.
CONFIDENTIAL INFORMATION
For the purpose of this Agreement "Confidential Information" means any and all
information disclosed by the Parties or by a third party on behalf of the Party to other
Party and your Representatives (whether in writing, verbally electronically or by any
other means and whether directly or indirectly) and which is now or which at any time
after the date of this Agreement comes into your possession to carry out the Specified
Purpose (as may be developed and/or adapted from time to time) including, without
limitation, any information relating to: personal documents, companies documents,
CIS, Banks information, Partial or total copy of Agreements, values of transactions,
technical products, technicality, operations, processes, plans or intentions, product
information, know-how, design rights, trade secrets, market opportunities and business
affairs, historical audited financial statements, financial projections, feasibility
studies, reports, drawings, specifications,
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CONFIDENTIAL
data, graphs, charts and all information created by you and your Representatives in
carrying out the Specified Purpose whether or not such information has been reduced to
a tangible form or marked "confidential" and any information which has been or may be
derived from any such information.
The Parties and yours Representatives undertake not to use the Confidential Information
for any purpose whatsoever other than in connection with the Specified Purpose.
f)Upon written demand from the Party either to return to the Party the
Confidential Information and any copies of it or to confirm to the other Party
in writing that, save as required by law or regulation, it has been destroyed.
i)To keep confidential and not reveal to any person, firm or company the fact that
the Specified Purpose is taking place or that discussions or negotiations
have taken place between us without our prior express written consent;
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CONFIDENTIAL
j) To establish and maintain effective security measures and to use your best
efforts to safeguard and protect the Confidential Information from
unauthorized access, use, copying or disclosure (and which the Parties and
yours Representatives warrant as providing adequate protection against any
unauthorized disclosure, copying or use);and
k) Any Parties must notify to the other Party immediately in the event of any
potential, suspected or actual unauthorized use, copying or disclosure of
the Confidential Information.
2.2.The Parties and yours Representatives will use your best efforts to prevent the
disclosure of any of the Confidential Information except as mentioned in paragraph
4.1;
2.3.The Parties must have a position that any person to whom information IS
disclosed pursuant to paragraph 3.1 (a) complies with the terms of this undertaking as
if that person was a party to this undertaking;
3. Exceptions
3.1.Nothing in paragraphs 2.1(a) to (i) above will apply to any information or
Confidential Information:
a) Which at the time of its disclosure is in the public domain;
b) Which after disclosure comes into the public domain for any reason except
your failure to comply with the terms of this Agreement or other than by
reason of some unauthorized disclosure; or
c) Which the Party in question can show by your written records was in your
possession that have the information’s prior to receiving it from that other
Party and which the Party had not previously obtained from the party or
from a third party on our behalf under an obligation of confidence.
5. General
5.1.The Parties and yours Representatives further agree and undertake that:
a) No right or license is granted to the Parties in relation to any of the
Confidential Information other than as expressly set out in this Agreement;
c) Each Party is responsible for the information it discloses without involving the
other party. The Parties will not disclose to any person except those referred
to in paragraph 3.1(a) the fact that the Specified Purpose is taking place or
that discussion or negotiations are taking place between us without our prior
written consent;
d) No failure or delay by the Parties in exercising any right or power under this
undertaking will operate as a waiver of that right or power and no single or
partial exercise of that right or power will preclude any other or further
exercise of that right or power or the exercise of any other right or power;
and
e) Damages would not be an adequate remedy for any breach of this Agreement
and the Parties will be entitled to the remedies of injunction, specific
performance, and other equitable relief for any threatened or actual breach of
this Agreement and with proofs of existence of damages will be necessary for
the enforcement of this Agreement.
6.2 to be paid without any deduction or set-off (and irrespective of any counterclaim)
whatsoever.
5.3.The Parties acknowledge, understand and agree that any unauthorized use
(whether for your advantage or the advantage of another) or disclosure by you or any
of your Representatives who are permitted by you to access the Confidential
Information of any Confidential Information except as may be permitted by law Will
give rise to an offence under the laws of the Emirate of Dubai and the applicable
federal laws of the United Arab Emirates.
5.4.The Parties hereby agree that this Agreement will be governed by and construed
in accordance with the laws of the Emirate of Dubai and the applicable federal laws
of the United Arab Emirates and The Laws applicable in Switzerland. The Parties
hereby irrevocably consent to the non-exclusive jurisdiction of the courts of Dubai
and Switzerland for any actions, suits or proceedings arising out of or relating to
this Agreement or any of its terms ("Action").
5.5.Notwithstanding the foregoing, the Parties agree that nothing in this Agreement
will limit the right of the Party to bring any Action relating to the protection of the
Confidential Information or any claim for interlocutory or injunctive relief in any other
courts of competent jurisdiction, nor will the bringing by the Party of an Action in one
jurisdiction preclude the bringing of an Action in any other jurisdiction (whether
concurrently or not) Any clause or part of a clause of this Agreement which is
ineffective in any jurisdiction is ineffective only to that extent in that jurisdiction.
5.6.The Parties hereto agree that no failure or delay by us in exercising any right,
power or privilege hereunder will operate as a waiver thereof, nor will any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise
of any right, power or privilege hereunder.
5.7.Neither this paragraph nor any other provisions in this Agreement can be waived,
amended or assigned except by prior written consent of the Party waiving the right,
which consent will specifically refer to this paragraph (or such other provision) and
explicitly make such waiver or amendment A waiver by one Party under this
paragraph does not prejudice its rights in respect of any subsequent breach of this
Agreement by the other Party.
This Agreement shall be valid for a term of 5 years from the date of this
Agreement mentioned in the beginning.
We have read and agreed to the terms and conditions of this Agreement, and we sign
below:
COMPANY: Beoneb OÜ
REPRESENTED BY: Mr. Andreas Khoshnou