Korfshore NDA Signing

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Mutual Non-Disclosure Agreement (NDA)

1. Purpose

This Agreement is made for the purpose of evaluating a potential business and/or investment relationship between the parties. To do so, both parties may disclose certain confidential, non-public information to each other.

2. Confidential Information

“Confidential Information” includes, but is not limited to: business plans, strategies, financials, pitch decks, proprietary data, pricing, customer or supplier details, intellectual property, or any other material shared in written, verbal, or electronic form.

3. Obligations

The Receiving Party agrees to:
Keep all Confidential Information strictly confidential
Not disclose to third parties without written consent
Use the information solely for evaluating the potential investment or partnership
Take reasonable steps to protect the information from unauthorized use or disclosure

4. Exclusions

Confidential Information does not include information that:
Was publicly known at the time of disclosure
Becomes public without breach of this Agreement
Was already lawfully known or received by the Receiving Party
Is disclosed with written permission from the Disclosing Party

5. Term & Termination

This Agreement is effective from the date signed and will remain in force for 2 years. Obligations around confidentiality will survive the termination.

6. No Obligation to Proceed

This Agreement does not obligate either party to enter into any investment or business transaction.

7. Governing Law

This Agreement shall be governed by the laws of the Province of Alberta, Canada.

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