Mutual Non-Disclosure Agreement
This Mutual Non-Disclosure Agreement (the “Agreement”) is entered into on the date the form is submitted by Twelfth Dream Ltd. (having its address at 720-999 W Broadway, Vancouver, BC V5Z 1K5) and the individual submitting the form (each referred to as a “party” and collectively as the “parties”).
Purpose
This Agreement allows the parties to share confidential information to:
- Explore potential business relationships.
- Evaluate plans, ideas, and concepts for collaboration.
- Negotiate terms and agreements for a mutually beneficial relationship.
Definition of Confidential Information
Confidential information includes, but is not limited to:
- Business strategies, financial data, and operations.
- Customer lists, trade secrets, and intellectual property.
- Any disclosed information reasonably considered confidential.
Use of Confidential Information
The recipient agrees to:
- Use the information solely for the agreed purpose.
- Safeguard the information with the same care as their own confidential data.
- Not disclose information to third parties without prior written consent.
Return or Destruction of Information
Upon termination or request, the recipient will:
- Return all confidential materials in tangible form.
- Destroy any notes or documents and certify their destruction.
Exceptions
The recipient’s obligations do not apply to information that:
- Was already known or publicly available before disclosure.
- Becomes public through no fault of the recipient.
- Is lawfully obtained from a third party or required by law.
Non-Solicitation
The recipient agrees not to:
- Solicit the owner’s employees or customers.
- Use confidential information to gain competitive advantage.
Term
This Agreement remains valid until:
- Two years after submission of the form.
- The business relationship is formally concluded.
General Terms
This Agreement:
- Is governed by the laws of British Columbia, Canada.
- Binds successors and assigns of both parties.
- Supersedes any prior confidentiality agreements between the parties.