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1. INTERPRETATION
1.1 The headings of the paragraphs of this agreement are inserted for
reference purposes only and shall not affect the interpretation of any of the
provisions to which they relate.
1.2 Words importing the singular shall include the plural and vice versa and
words importing the masculine gender shall include the female; and words importing
persons shall include corporate and non-corporate entities.
1.4 The terms and conditions of this agreement shall be binding on the
executors, administrators, trustees, liquidators, judicial managers, receivers, assigns
and all successors in title of the respective parties hereto as fully and effectually as if
they had entered into this agreement in the first place
2. DEFINITIONS
2.2 “THE DIVULGING PARTY” shall mean: KTS Technology Solutions (Pty) Ltd, a
company duly registered according to the Company Laws of the Republic of South
Africa and having its principal place of business at KTS house, 12 Neerlandia Road,
Halfway Gardens Ext 4, Midrand, South Africa with registration number
2003/019548/07.
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2.4 “EFFECTIVE DATE” – shall mean the date of signature of this agreement by
the party last signing this agreement
2.5 “DURATION” – this agreement shall endure in perpetuity subject only to the
provisions contained in clause 6 hereto;
3. PRE-AMBLE
3.1 In the course of the Contract THE RECIPIENT will obtain access to certain
CONFIDENTIAL INFORMATION belonging to THE DIVULGING PARTY
3.2 THE DIVULGING PARTY wishes to ensure that THE RECIPIENT will preserve
THE DIVULGING PARTY’S CONFIDENTIAL INFORMATION and accordingly THE
RECIPIENT has agreed to give THE DIVULGING PARTY the undertakings contained in
this agreement
4.1 The recipient acknowledges that all rights, title and interest in and to the
CONFIDENTIAL INFORMATION vests in THE DIVULGING PARTY and that it has no claim
of any nature whatsoever in and to the CONFIDENTIAL INFORMATION
5.3 THE RECIPIENT shall not make use of or exploit any of the CONFIDENTIAL
INFORMATION in the development, research, manufacture, marketing and/or sale of
any goods, or for any other purpose whatsoever, without prior written consent of THE
DIVULGING PARTY, which consent may be granted or withheld at the absolute and
unilateral discretion of THE DIVULGING PARTY.
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5.5 THE RECIPIENT shall not use or attempt to use the CONFIDENTIAL
INFORMATION in any manner which will cause, or be likely to
cause, prejudice, injury, loss or harm to THE DIVULGING PARTY.
5.7 Any and all documentation furnished to THE RECIPIENT by THE DIVULGING
PARTY at any time shall remain the property of THE DIVULGING PARTY and upon
request by THE DIVULGING PARTY will immediately be returned to THE DIVULGING
PARTY in its original format, together with any translated or compiled or other copies
thereof.
6. EXCEPTION
7. RESTRAINT
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7.1.1 Will neither solely nor jointly, for any person while any portion of the
CONFIDENTIAL INFORMATION is still confidential, directly or indirectly, carry on or
assist financially or otherwise be engaged or concerned or interested in or be a
director of or shareholder or member in, or be employed by or act as a consultant or
advisor to any business, in any country or region where the DIVULGING PARTY carries
on business anywhere in the world, which is associated with or intends to become
involved with any business which is the same as or similar to the business carried on
by the DIVULGING PARTY at the time of the disclosure of the CONFIDENTIAL
INFORMATION.
7.2.3 To have imposed separately in respect of each part of the world and the
fact that a restraint may not be valid or enforceable in respect of any one part
thereof will not affect its validity or enforceability in so far as the other parts thereof
are concerned.
7.2.4 The recipient hereby acknowledges that the said restraints are fair and
reasonable and go no further than is reasonably necessary to protect the proprietary
rights of THE DIVULGING PARTY
Each party represents and warrants that it has the authority necessary to enter
into this agreement and to do all things necessary to procure the fulfilment of its
obligations in terms of this agreement.
9. GENERAL TERMS
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10. ONUS
The onus of providing the facts necessary to sustain any one of the exceptions listed
in clause 6 above rests with THE RECIPIENT.
11. JURISDICTION
This agreement shall be governed by the laws of the Republic of South Africa.
12. SEVERABILITY
In the event that any of the provisions of this agreement are found to be invalid,
unlawful, or unenforceable such provisions shall be severable from the remaining
provisions, which remaining provisions shall continue to be valid and enforceable.
13. COSTS
In the event of THE DIVULGING PARTY having to institute legal proceedings against
THE RECIPIENT for any cause whatsoever arising from a breach of any of the
provisions of this agreement, THE RECIPIENT shall be liable to THE DIVULGING
PARTY for legal costs on an attorney and own client scale, in the event that the
costs of such legal proceedings are awarded in favour of THE DIVULGING PARTY.
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Signed at ________________________on this __________day of __________2010
AS WITNESSES:
1. ______________________________
2. ______________________________
______________________________
Name: _____________________
Capacity: ____________________
AS WITNESSES:
1. ______________________________
2. ______________________________
______________________________
On behalf of xxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxx
Name: _____________________
Capacity: ____________________
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