CONFIDENTIALITY STATEMENT
 
  NONDISCLOSURE/CONFIDENTIALITY STATEMENT
   
 

On the understanding that both parties are interested in meeting to consider possible collaboration in developments arising from our intellectual property, it is agreed that all information, whether oral, written, or otherwise, that is supplied in the course or as a result of so meeting shall be treated as confidential by the receiving party.

The receiving party undertakes not to use the information for any purpose, other than for the purpose of considering the said collaboration, without obtaining the written agreement of the disclosing party. This Agreement applies to both technical and commercial information communicated by either party. This Agreement does not apply to any information in the public domain or which the receiving party can show was either already lawfully in their possession prior to its disclosure by the other party or acquired without the involvement, either directly or indirectly, of the disclosing party.

Either party to this Agreement shall on request from the other return any documents or items connected with the disclosure and shall not retain any unauthorized copies or likenesses. This Agreement, or the supply of information does not create any license, title or interest in respect of any Intellectual Property Rights of the disclosing party.

All the requisite documents would be available for disclosure to public in accordance to the provisions and guidelines laid down in The Right to Information Act, 2005, to the extent that it does not lead/cause detriment to the company’s commercial/business viability.

 
 
 
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