NCNDA Draft
NCNDA Draft
NCNDA Draft
This agreement is entered into as of the 7th of July, 2019, is for the business and
commercial transaction cited below and arrangement of Non-Circumvention of
relevant signatories listed in the signature section hereinafter, called “The Parties.”
The Parties agree to respect the integrity and tangible value of this agreement
between them.
3. Term: This agreement is valid for two (2) years from the date of signing this
agreement.
4. Parties bound by this agreement: This agreement shall be binding upon all
undersigned Parties and their heirs, successors, associates, affiliates and
assigns. Each Party shall take reasonable steps to ensure their Employees,
Agents, Representatives, Officers, Independent Contractors, Shareholders,
Principals and other third Parties abide by the provisions of this agreement.
5. Language & Calendar: The language in all the agreement shall be in all cases
constructed simply according to its fair meaning and not strictly for or against
the Parties and would be in English language and Georgian Calendar.
NON-CIRCUMVENTION, NON-DISCLOSURE & CONFIDENTIALITY AGREEMENT
10. Arbitration: Any controversy or claim arising out of this agreement which is
not settled between the parties themselves, shall be settled by arbitration in
accordance with the International Chamber of Commerce (ICC) rules of
arbitration at the nearest ICC location under the laws binding for all
undersigned parties and their associates, affiliated, employees, agents
holders, principals, heirs, successors, assigns and other third parties.
11. Attorney’s Fees: If any party files any action or brings any proceeding against
other arising from this agreement, or is made a party to any action or
proceeding arising from this agreement, the prevailing Party shall be entitled
to recover as an element of their cost to suit and not as damages reasonable
attorney’s fees to be fixed by the court, arbitrator or adjudicative authority.
12. Notice: Notice shall be considered to have been given if the notices, demands,
or requests given by the Parties are transmitted by courier, tele-copier, email
or other means of transmission with return confirmation requested, postage
prepaid, to the other Party at the last facsimile number, e-mail ID or address
the Party has designated by notice her in.
13. Relationship: The Parties hereto shall not be deemed to be Partners or Joint
Ventures and no Party shall be liable for any other Party’s commitments or
liabilities resulting from execution of this agreement.
14. Force and effect of Document: The Parties hereby agree that the signed
telefax or other facsimile/e-mail attachment copy of this agreement shall have
the same force and effect and as the original of this document.
NON-CIRCUMVENTION, NON-DISCLOSURE & CONFIDENTIALITY AGREEMENT
Signatures:
Name:
Address:
Signature:
Date:
Name:
Address:
Signature:
Date: