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This NonDisclosure Agreement (the NDA) is entered into as of the _____ day of
__________,20___(theEffectiveDate)betweenFRAMGroupOperationsLLC,havinga
placeofbusinessat1900WestFieldCourt,LakeForest,IL60045,onbehalfofitselfand
its affiliates (collectively Company) and [insert full legal name], with offices at
[insertcompletebusinessaddress](______).
Whereas,eachPartypossessesvaluabletechnical,businessandfinancialinformation
whichitkeepsconfidentialinordertoenhanceitsvalueandopportunitiesforfuture
commercialsuccess;and
Whereas,thePartiesdesirethattheydisclosetoeachothercertainofsuchinformationfor
thepurposeofinvestigatinganenhancedbusinessrelationshipbetweentheParties,but
maintainandprotecttheconfidentialityofsuchinformation.
Now,therefore,thePartiesagreeasfollows:
1. DefinitionofConfidentialInformation.ForpurposesofthisNDA,theterm
"ConfidentialInformation"ofaPartyshallmeanallinformationofeitherParty(the
Discloser)whichisdisclosedtotheotherParty(theReceiver)inoral,written,
graphic,recordedphotographicoranymachinereadableform,includingwithout
limitationallinformationwhichismarked"Confidential,""Proprietary,""Sensitive"or
inanothermannerindicatingitsconfidentialand/orproprietarynature,orwhich
wouldbeconsideredconfidentialbyapersonexercisingreasonablebusinessjudgment.
ConfidentialInformationisprovidedasiswithallfaults.InnoeventshallDiscloser
beliablefortheaccuracyorcompletenessoftheConfidentialInformation.
2. UseofInformation.ReceiveragreestomaintaintheconfidentialityoftheConfidential
Informationandnottodisclosesuchinformationtoanythirdparty,exceptas
authorizedbyDiscloserinwriting.Receiverfurtheragreestokeepconfidentialthe
factthatReceiveranditsrepresentativesarereceivingsuchConfidentialInformation
fromDiscloser.ReceivershalluseConfidentialInformationsolelyforitsinternaluses
onlyinfurtheranceofthepurposesetforthabove,andwillnotcopyorreproduce
ConfidentialInformation,exceptasrequiredtoaccomplishthepurposesforwhichit
wasdisclosed.
3. ProtectionofInformation.Receivershallusethesamedegreeofcarethatitusesto
safeguardtheconfidentialityofitsownproprietaryinformationthatitdoesnotwish
disclosedtoanypersonorpersonsoutsideReceivertosafeguardConfidential
Information,butinnoeventlessthanordinarycare.Receivercovenantsthatsuch
degreeofcareisreasonablydesignedtoprotecttheconfidentialityoftheConfidential
Information.
4. ConfidentialityofNDAandPublicity.Exceptasmayberequiredbyapplicablelaw,
5. ExceptionstoRestrictions.Receivershallnotbeliablefordisclosureofany
ConfidentialInformation,which:
5.1. wasinthepublicdomainatthetimeitwasdisclosed;
5.2. wasknowntoReceiveratthetimeofdisclosurebyDiscloserasevidencedby
writtenrecords;
5.3. isdisclosedwiththepriorwrittenapprovalofDiscloser;
5.4. isdevelopedbyReceiverwithoutanyuseoftheConfidentialInformationor
breachofthisNDA;
5.5 becomesknowntoReceiverfromasource,actingasamatterofright,otherthan
DiscloserwithoutbreachofthisNDAbyReceiver;
5.6. isdisclosedtoathirdpartybyDiscloserwithoutrestrictionssimilartothosein
thisNDA;
5.7. isdisclosedpursuanttotheorderofacourt,administrativeagency,orother
governmentalbody.Intheeventofanintendeddisclosureunderthis
subparagraph,ReceivershallgiveDiscloserwrittennoticeofsuchorderor
requirementassoonaspracticablepriortodisclosureoftheConfidential
InformationandshallreasonablycooperatewithDiscloserinanylegaleffortsto
opposesuchdisclosure.
6. CompliancewithLaw.ConfidentialInformationshallnotbeusedforanypurposeor
inanymannerthatwouldconstituteaviolationofanyapplicablelaworregulation,
including,withoutlimitation,theexportcontrollawsoftheUnitedStatesandlaws
prohibitingthetradingofsecuritiesbasedonmaterial,nonpublicinformation.
7. EmployeeObligations.Receivershalladviseitsemployees,contractorsoragentswho
mighthaveaccesstoConfidentialInformationoftheconfidentialnaturethereofand
agreesthatsuchemployees,contractorsoragentsshallbeboundbythetermsofthis
NDA.NoConfidentialInformationshallbedisclosedtoanyindividualwhodoesnot
haveaneedforsuchinformation.ReceivershallnotdiscloseanyConfidential
InformationtoanythirdpartywithoutDisclosersexpresswrittenconsent.
8. PropertyRights.AllConfidentialInformation(includingallcopies)shallremainthe
propertyofDiscloserandshallbereturnedtoDiscloserafterReceiversneedforithas
9. InjunctiveRelief.Receiveracknowledgesandagreesthatintheeventofanybreachof
thisNDAbyReceiver,including,withoutlimitation,theactualorthreatened
disclosureorunauthorizeduseofDisclosersConfidentialInformationwithoutthe
priorwrittenconsentofDiscloser,Discloserwillsufferanirreparableinjury,suchthat
noremedyatlawwillbesufficient.Accordingly,ReceiveragreesthatDisclosershall
beentitledtoinjunctiverelief,includingwithoutlimitation,specificperformanceof
ReceiversobligationsunderthisNDA,aswellassuchfurtherreliefasmaybegranted
byacourtofcompetentjurisdiction.
10. Term.ThisNDAiseffectiveasoftheEffectiveDate,andshallcontinueinforce,
unlessearlierterminatedbymutualagreementoftheParties,foraperiodofthree
years.
11. SuccessorsandAssigns.TheParties'rightsandobligationsunderthisNDAwillbind
andinuretothebenefitoftheirrespectivesuccessors,administratorsandpermitted
assigns.
12. Severability.IfanyprovisionofthisNDAisfoundbyaproperauthoritytobe
unenforceable,thatprovisionshallbeseveredandtheremainderofthisNDAwill
continueinfullforceandeffect.
13. Notices.AnynoticesrequiredorpermittedshallbegiventotheappropriatePartyat
theaddressspecifiedabove,oratsuchotheraddressasthePartyshallspecifyin
writing,andshallbeeffectiveuponactualreceipt.
14. Integration.ThisdocumentcontainstheentireagreementbetweenthePartiesasto
itssubjectmatterandsupersedesanypreviousorcontemporaneousunderstandings,
commitments,oragreements,oralorwritten,astosuchsubjectmatter.
15. Headings.AllheadingscontainedinthisNDAareinsertedonlyasamatterof
convenienceandinnowaydefineorexplaintheprovisionsofanyparagraphor
provisionofthisNDA.
16. GoverningLaw.ThisNDAshallbegovernedbythelawsoftheStateofIllinois,
excludingitschoiceoflawsprinciples.
InWitness,thePartieshavesignedasoftheEffectiveDate.
FRAMGroupOperationsLLC [_____]
By:_____________________________ By:________________________________