Business plan agreement sample

This business plan nondisclosure agreement is between , an individual , a(n) (the "Disclosing Party") and , an individual , a(n) (the "Receiving Party").

The Disclosing Party has created a business plan for (the "Business Plan"), which contains certain confidential and proprietary information. The Disclosing Party wants to make the Business Plan available to the Receiving Party for the purpose of .

The Receiving Party will review, examine, inspect, or obtain the Business Plan only for the above-described purposes, and to otherwise maintain the confidentiality of that Business Plan pursuant to the terms of this agreement.

The parties therefore agree as follows:

1. CONFIDENTIAL INFORMATION.

The Disclosing Party shall provide a copy of the Business Plan to the Receiving Party within days of the signing of this agreement. In conjunction with its delivery of the Business Plan, the Disclosing Party may (but is not required to) disclose certain of its confidential and proprietary information to the Receiving Party. "Confidential Information" means:

• (a) information relating to the Disclosing Party or its current or proposed business, including financial statements, budgets and projections, customer identifying information, potential and intended customers, employers, products, computer programs, specifications, manuals, software, analyses, strategies, marketing plans, business plans (including the Business Plan), and other confidential information, provided orally, in writing, or by any other media, that was or will be:
  • (i) provided or shown to the Receiving Party or its directors, officers, employees, agents, and representatives (each a "Receiving Party Representative") by or on behalf of the Disclosing Party or its directors, officers, employees, agents, and representatives (each a "Disclosing Party Representative"); or
  • (ii) obtained by the Receiving Party or a Receiving Party Representative from review of the Business Plan, or other documents or property of, or communications with, the Disclosing Party or a Disclosing Party Representative; and

  The Disclosing Party shall identify Confidential Information disclosed orally as confidential within days of disclosure. The Disclosing Party's failure to identify information as Confidential Information is not an acknowledgment or admission by the Disclosing Party that that information is not confidential, and is not a waiver by the Disclosing Party of any of its rights with respect to that information.

  2. OBLIGATION TO MAINTAIN CONFIDENTIALITY.

  • (a) Confidentiality. The Receiving Party shall, and shall ensure that each Receiving Party Representative, keep the Confidential Information and the Business Plan confidential. Except as otherwise required by law, the Receiving Party and Receiving Party Representatives may not:
    • (i) disclose the Business Plan or any Confidential Information to any person or entity other than:
      • A. a Receiving Party Representative who needs to know the Confidential Information for the purposes
      • of its business with the Disclosing Party; and
      • B. a Receiving Party Representative who signs a confidentiality agreement; and
      • C. with the Disclosing Party's prior written authorization; or

      3. EXCLUSIONS.

      The obligations and restrictions of this agreement do not apply to that part of the Confidential Information that:

      • (a) was or becomes publically available other than as a result of a disclosure by the Receiving Party in violation of this agreement;
      • (b) was or becomes available to the Receiving Party on a non confidential basis before its disclosure to the Receiving Party by the Disclosing Party or a Disclosing Party Representative, but only if:
        • (i) the source of such information is not bound by a confidentiality agreement with the Disclosing Party or is not otherwise prohibited from transmitting the information to the Receiving Party or a Receiving Party Representative by a contractual, legal, fiduciary, or other obligation; and
        • (ii) the Receiving Party provides the Disclosing Party with written notice of such prior possession either (A) before the execution and delivery of this agreement or (B) if the Receiving Party later becomes aware (through disclosure to the Receiving Party) of any aspect of the Business Plan or other Confidential Information as to which the Receiving Party had prior possession, promptly on the Receiving Party so becoming aware; or
        • (i) provide the Disclosing Party with prompt notice of any such request or requirement before disclosure so that the Disclosing Party may seek an appropriate protective order or other appropriate remedy; and
        • (ii) provide reasonable assistance to the Disclosing Party in obtaining any such protective order.

        4. RETURN OF PROPERTY.

        If the Disclosing Party requests, the Receiving Party shall and shall cause each Receiving Party Representative to promptly (and no later than days after the request):

        • (a) return all Confidential Information and the Business Plan to the Disclosing Party; and
        • (b) destroy all Derivative Material and within days of this destruction, provide a written certificate to the Disclosing Party confirming this destruction.

        5. NO PUBLICITY.

        The parties shall keep the existence of this agreement, and the transactions or discussions contemplated by this agreement, strictly confidential, except as required by law and except as the parties otherwise may agree in writing before a disclosure.

        6. OWNERSHIP RIGHTS.

        The Receiving Party acknowledges that the Business Plan and Confidential Information are, and at all times will be, the Disclosing Party's sole property, even if suggestions made by the Receiving Party are incorporated into later versions of the Business Plan. The Receiving Party obtains no rights by license or otherwise in the Business Plan or other Confidential Information under this agreement. Neither party solicits any change in the other party's organization, business practice, service, or products, and the disclosure of the Business Plan or other Confidential Information may not be construed as evidencing any intent by a party to purchase any products or services of the other party or as an encouragement to expend funds in development or research efforts. The Business Plan or other Confidential Information may pertain to prospective or unannounced products. The Receiving Party may not use the Business Plan or other Confidential Information as a basis on which to develop or have a third party develop a competing or similar plan or undertaking.

        7. GOVERNING LAW; EQUITABLE RELIEF.

        • (a) Choice of Law. The laws of the state of govern this agreement (without giving effect to its conflicts of law principles).
        • (b) Choice of Forum. Both parties consent to the personal jurisdiction of the state and federal courts in County, .
        • (c) Equitable Relief. A breach of this agreement will cause irreparable harm to the Disclosing Party and monetary damages may not be a sufficient remedy for an unauthorized disclosure of the Business Plan or other Confidential Information. If the Receiving Party discloses the Business Plan or other Confidential Information in violation of this agreement, the Disclosing Party may, without waiving any other rights or remedies and without posting a bond or other security, seek an injunction, specific performance, or other equitable remedy to prevent competition or further disclosure, and may pursue other legal remedies.

        8. AMENDMENTS.

        No amendment to this agreement will be effective unless it is in writing and signed by a party or its authorized representative.

        9. ASSIGNMENT AND DELEGATION.

        • (a) No Assignment. Neither party may assign any of its rights under this agreement, except with the prior written consent of the other party. All voluntary assignments of rights are limited by this subsection.
        • (b) No Delegation. Neither party may delegate any performance under this agreement, except with the prior written consent of the other party.
        • (c) Enforceability of an Assignment or Delegation. If a purported assignment or purported delegation is made in violation of this section, it is void.

        10. COUNTERPARTS; ELECTRONIC SIGNATURES.

        • (a) Counterparts. The parties may execute this agreement in any number of counterparts, each of which is an original but all of which constitute one and the same instrument.
        • (b) Electronic Signatures. This agreement, agreements ancillary to this agreement, and related documents entered into in connection with this agreement are signed when a party's signature is delivered by facsimile, email, or other electronic medium. These signatures must be treated in all respects as having the same force and effect as original signatures.

        11. SEVERABILITY.

        If any provision in this agreement is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this agreement, but this agreement will be construed as if the invalid, illegal, or unenforceable provisions had never been contained in this agreement, unless the deletion of those provisions would result in such a material change that would cause completion of the transactions contemplated by this agreement to be unreasonable.

        12. NOTICES.

        • (a) Writing;Permitted Delivery Methods. Each party giving or making any notice, request, demand, or other communication required or permitted by this agreement shall give that notice in writing and use one of the following types of delivery, each of which is a writing for purposes of this agreement: personal delivery, mail (registered or certified mail, postage prepaid, return-receipt requested), nationally recognized overnight courier (fees prepaid), facsimile, or email.
        • (b) Addresses. A party shall address notices under this section to a party at the following addresses:
        • If to the Disclosing Party:
        • If to the Receiving Party:
        • (c) Effectiveness. A notice is effective only if the party giving notice complies with subsections (a) and (b) and if the recipient receives the notice.

        13. WAIVER.

        No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this agreement will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.

        14. ENTIRE AGREEMENT.

        This agreement constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties' agreement with respect to the subject matter of this agreement. All prior and contemporaneous communications, negotiations, and agreements between the parties relating to the subject matter of this agreement are expressly merged into and superseded by this agreement. The provisions of this agreement may not be explained, supplemented, or qualified by evidence of trade usage or a prior course of dealings. Neither party was induced to enter this agreement by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this agreement. Except as set forth expressly in this agreement, there are no conditions precedent to this agreement's effectiveness.

        15. HEADINGS.

        The descriptive headings of the sections and subsections of this agreement are for convenience only, and do not affect this agreement's construction or interpretation.

        16. EFFECTIVENESS.

        This agreement will become effective when all parties have signed it. The date this agreement is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this agreement.

        17. NECESSARY ACTS; FURTHER ASSURANCES.

        Each party and its officers and directors shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this agreement contemplates or to evidence or carry out the intent and purposes of this agreement.

        [SIGNATURE PAGE FOLLOWS]

        Each party is signing this agreement on the date stated opposite that party's signature.

        DDDDDDDDDDDDDDDDDDDDDDDD
        Date: _____________________________	By: _________________________________________________________
        Name: Title:
        Date: _____________________________	By: _________________________________________________________
        Name: Title: