Question
Question 1 [28] You are the project manager for ABC Software Enterprises (Ltd) and have been appointed to project manage a large project for the
Question 1 [28]
You are the project manager for ABC Software Enterprises (Ltd) and have been appointed to
project manage a large project for the World Bank, namely a new client data base security
system. Due to the confidentiality and importance of the information that the project team
members will be receiving from the World Bank, the bank provided you with the non[1]disclosure agreement below.
- Analyse the agreement and provide feedback on the content and state if you agree
with the detail. Your answer should provide your findings under separate headings.
CLIENT DATABASE - NON-DISCLOSURE AGREEMENT
This CLIENT DATABASE - NON-DISCLOSURE AGREEMENT (hereinafter known as the
"Agreement") between UAE Bank (hereinafter known as the "Company"), Registration number:
2563625DC, and DAC Enterprises (LTD) (hereinafter known as the "Recipient") becomes
effective as of this 12th day of June 2021 (hereinafter known as the "Effective Date").
Recitals
The Company wishes to share their Investment Client Database (hereinafter known as the
"CDB") with the Recipient for the purposes of review, examination, inspection and
incorporation, while maintaining confidentiality. The Company and the Recipient, collectively
known as the "Parties", understand and agree that dissemination of information or materials
within or related to the CDB would be detrimental to the integrity of the Company. For the
purposes of this Agreement, all information, strategies, plans, trade secrets, objectives and
materials will be referred to as "Confidential Information", and the Company may share
confidential information with the Recipient subject to the terms and covenants set forth below.
Recipient Obligations
A. Non-disclosure.
The Recipient understands and agrees to not use or disclose the
CDB or Confidential Information for personal benefit or the benefit of any other
person, corporation, association, company or entity, and shall take all steps
necessary to protect Confidential Information from disclosure. The Recipient further
agrees not to disclose the fact that the CBD has been made available, that
discussions or negotiations are taking place or have taken place, or any of the
terms, conditions or other facts with respect to the transaction. Methods of
disclosure include, but are not limited to, written, oral, electronic or any other form
of recording.
B. Disclosure.
The Recipient shall only disclose the CDB and Confidential Information
to persons working on the project, on a need-to-know basis. Each person who
becomes privy to the Confidential Information shall be bound by the provisions
within this Agreement. This Agreement shall survive and continue after any
expiration or termination of this Agreement and shall bind Recipient, its employees agents, representatives, successors, heirs and assigns.
Term
The Recipient's obligations of non-use and non-disclosure with respect to Confidential
Information will remain in effect until the project is completed and the Company is satisfied with
the results.
No Additional Agreements
Neither the holding of discussions nor the exchange of material or information shall be
construed as an obligation of the Company to enter into any other agreement with Recipient or
prohibit the Company from providing the same or similar information to other parties and
entering into agreements with other parties. The Company reserves the right, in its sole
discretion, to reject any and all proposals made by Recipient or its representatives with regard
to a transaction between Recipient and Company and to terminate discussions and
negotiations with Recipient at any time. The Recipient agrees not to use the CDB or
Confidential Information as a basis upon which to develop or have a third party develop a
competing or similar plan or undertaking.
Indemnity
Recipient understands and acknowledges that any breach of this Agreement could result in
damages, losses, costs or expenses to the Company and agrees to keep the Company
indemnified in respect to any and all claims which arise out of or in connection with a violation.
Recipient understands and acknowledges that any use or disclosure regarding the CDB or
Confidential Information could cause the Company irreparable harm, the amount of which may
be difficult to ascertain, and therefore agrees that the Company shall have the right to apply to
a court of competent jurisdiction for specific performance or order restraining and enjoining any
such further disclosure or breach and for such other relief as Company deems appropriate, in
addition to the remedies otherwise available at law or in equity.
Successors and Assigns
This Agreement and each party's obligations hereunder shall be binding on the
representatives, assigns and successors of such party and shall inure to the benefit of the
assigns and successors of such party; provided, however, that the rights and obligations of
Recipient hereunder are not assignable.
Governing Law
This Agreement shall be governed in accordance with the laws of the state of Columbia (USA),
without regard to conflict of law principles.
Prevailing Party
In a dispute arising out of or related to this Agreement, the prevailing party shall have the right
to collect reasonable attorney fees, costs and other legal expenditures from the other party.
Entire Agreement
This Agreement sets forth the entire Agreement and understanding between the Parties and
supersedes all prior agreements between them relating to the subject matter of this
Agreement. This Agreement may not be altered, amended, modified, discharged, assigned or
otherwise transferred by either party except by an agreement in writing signed by both Parties.
Validity
This Agreement shall be for a couple of months and maintain its integrity should a provision (or
any part thereof) be claimed unenforceable by a court of competent jurisdiction due to invalidity
or conflict with any relevant law, and the unenforceable provision shall be construed in such a
way as to preserve the intent for which it was created.
Force Majeure
Neither party will be liable for performance delays nor for non-performance due to causes
beyond its reasonable control.
Notices
Any notice required by or given in connection with this Agreement shall be in writing and shall
be given to the appropriate party by personal delivery or by certified mail, postage prepaid or
recognised overnight delivery services to the following addresses:
Company's Address
1818 H Street
NW Washington
USA
DC 20433
Recipient's Address
125 West Street
Johannesburg
South Africa
2000
IN WITNESS WHEREOF, the Parties hereto agree to the terms and conditions of this
Agreement as of the date set forth below.
Company
Representative Signature: __________________________ Date: _____________________
Representative Printed Name: _________________ Representative Title: _______________
Recipient
Recipient Signature: __________________________ Date: ______________________
Recipient Printed Name: _____________________ Representative Title: ______________
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