A non-disclosure agreement (NDA) is a legal document that binds two parties to keep confidential information private and secure. In Pakistan, NDAs are commonly used in business dealings, collaborations, and partnerships. It is a vital tool to protect intellectual property, trade secrets, and other private information.

If you are a business owner in Pakistan, it is crucial to draft a solid NDA to ensure the security of your confidential information. In this article, we will provide you with a sample NDA that you can use as a reference to create your own.

Non-Disclosure Agreement Sample Pakistan

This Non-Disclosure Agreement (“Agreement”) is made on [insert date] between [insert name of disclosing party], having its registered office at [insert address], hereinafter referred to as the “Disclosing Party,” and [insert name of receiving party], having its registered office at [insert address], hereinafter referred to as the “Receiving Party.”

WHEREAS, the Disclosing Party possesses certain confidential information which is valuable to its business interests, including but not limited to [insert type of information], and

WHEREAS, the Receiving Party requires access to this confidential information for the purpose of [insert purpose].

NOW, THEREFORE, the parties agree as follows:

1. Definition of Confidential Information: For the purpose of this Agreement, “Confidential Information” shall mean any information or data that has not been made public and is proprietary to the Disclosing Party, including but not limited to business plans, financial statements, trade secrets, technical information, customer lists, pricing information, manufacturing processes, product specifications, and any other information that the Disclosing Party designates as confidential in nature.

2. Confidentiality Obligations: The Receiving Party agrees to hold all Confidential Information in strict confidence and to take all reasonable measures to protect the confidentiality and secrecy of the Confidential Information, including but not limited to measures to prevent unauthorized access, use, or disclosure of the Confidential Information. The Receiving Party shall not disclose, sell, distribute, or otherwise make available any Confidential Information to any third party without the prior written consent of the Disclosing Party.

3. Exclusions: The Receiving Party’s confidentiality obligations as set forth in this Agreement shall not apply to information that is: (a) lawfully obtained by the Receiving Party from a third party without a non-disclosure obligation; (b) publicly available through no fault of the Receiving Party; or (c) rightfully in the possession of the Receiving Party prior to receipt from the Disclosing Party.

4. Remedies: The Receiving Party acknowledges that any breach of this Agreement may cause the Disclosing Party irreparable harm for which monetary damages may not be an adequate remedy. Accordingly, the Disclosing Party shall be entitled to seek equitable relief, including but not limited to injunctive relief, in addition to any other remedies available at law or in equity.

5. Term and Termination: This Agreement shall commence upon the date first set forth above and shall continue until [insert end date or event], or until terminated by either party upon [insert number of days] days written notice to the other party.

6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Pakistan.

7. Entire Agreement: This Agreement constitutes the entire understanding and agreement between the parties and supersedes all prior negotiations, understandings, and agreements concerning the subject matter of this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Insert signature of Disclosing Party]

[Insert signature of Receiving Party]

[Insert printed name of Disclosing Party]

[Insert printed name of Receiving Party]

Conclusion

In conclusion, a well-drafted NDA is crucial to protect confidential information and intellectual property in Pakistan. You can use the above sample NDA as a reference to create your own. Remember to seek legal advice and customize your NDA to your specific business needs.