MNF Software Ltd. entered into a Non-Disclosure Agreement with RST Broadcast Ltd. As per the agreement, MNF Software Ltd. requires to maintain the software for media publishing. MNF Software Ltd. was restricted to disclo
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2021
MNF Software Ltd. entered into a Non-Disclosure Agreement with RST Broadcast Ltd. As per the agreement, MNF Software Ltd. requires to maintain the software for media publishing. MNF Software Ltd. was restricted to disclose the Confidential Information. Define the meaning of 'Confidential Information' in Non Disclosure Agreement.
Answer & Explanation:
'Confidential Information' in a Non-Disclosure Agreement (NDA) means any information disclosed by one Party (the 'Disclosing Party') to any other Party (the 'Receiving Party') or which is otherwise communicated to or comes to the attention of the Receiving Party whether such information is in writing, oral or in any other form or media and whether such disclosure, communication or coming to the attention of the Receiving Party occurs prior to or during this Agreement; and It includes without limit: any information which can be obtained by examination, testing or analysis of any hardware, any component part thereof, software or material samples provided by the Disclosing Party under the terms of this Agreement; all information disclosed by one Party to any of the other Parties relating directly or indirectly to the Purpose; the fact that the Parties are interested in or assessing the Purpose and/or are discussing the Purpose with each other; and the terms of any agreement reached by the Parties or proposed by any of the Parties (whether or not agreed) in connection with the Purpose; all knowledge, information or materials (whether provided in hardcopy or electronic or other form or media) whether of a technical or financial nature or otherwise relating in any manner to the business affairs of the Disclosing Party (or any parent, subsidiary or associated company of that party) software, samples, devices, demonstrations, know-how or other materials of whatever description, whether subject to or protected by copyright, patent, trademark, registered or unregistered design.
Topics: Non-Disclosure Agreement (NDA)
Related Questions in this Topic
- A company "issuer" was in the process of making an offer to Right Issue of the specified securities. All the process was...
- You as a practising Company Secretary has been approached by Popular Bank to carry out due diligence regarding the loan ...
- 'The successful merger demands that strategic planners are sensitive to the human issues of the organizations'. For this...
- Distinguish between the following: ISO 14001:2015 and ISO 14004:2016 on environmental management systems.
- Distinguish between the following: Relevant Geographic Market and Relevant Product Market.