This Mutual Non-Disclosure Agreement (this "Agreement") is entered into as of the date of electronic acceptance below (the "Effective Date"), by and between:
Luna Base Inc., a Delaware corporation, with its principal place of business at 2501 North Harwood Street, Suite 1900, Dallas, TX 75201-1664 ("Luna"), and the party identified in the form above ("Recipient").
Luna and Recipient may be referred to herein individually as a "Party" and collectively as the "Parties."
Recitals
The Parties wish to explore a potential business relationship, which may include customer engagements, partnership opportunities, software development, artificial intelligence solutions, and related services (the "Purpose"). In connection with this Purpose, each Party may disclose to the other certain confidential and proprietary information. The Parties desire to provide for the protection and preservation of the confidentiality of such information in accordance with the terms of this Agreement.
Agreement
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
- Definition of Confidential Information. "Confidential Information" means any and all non-public information, in any form or medium, whether written, oral, electronic, visual, or otherwise, that is disclosed by one Party (the "Disclosing Party") to the other Party (the "Receiving Party") in connection with the Purpose, including but not limited to: (a) trade secrets, inventions, ideas, processes, formulas, source code, object code, algorithms, software, data, know-how, improvements, discoveries, developments, designs, and techniques; (b) information regarding plans for research, development, new products, marketing, selling, business plans, budgets, financial statements, contracts, prices, suppliers, and customers; (c) information regarding the skills and compensation of employees, contractors, and other agents of the Disclosing Party; and (d) the existence and terms of this Agreement. Confidential Information shall also include any information that the Receiving Party knows or reasonably should know is confidential.
- Exclusions from Confidential Information. Confidential Information shall not include information that: (a) is or becomes publicly available without breach of this Agreement by the Receiving Party; (b) was rightfully in the Receiving Party's possession prior to disclosure by the Disclosing Party, as demonstrated by the Receiving Party's written records; (c) is rightfully obtained by the Receiving Party from a third party without restriction on use or disclosure and without breach of any obligation of confidentiality; or (d) is independently developed by the Receiving Party without use of or reference to the Disclosing Party's Confidential Information, as demonstrated by the Receiving Party's written records.
- Obligations of Receiving Party. The Receiving Party shall: (a) hold and maintain the Confidential Information in strict confidence using at least the same degree of care that it uses to protect its own confidential information, but in no event less than reasonable care; (b) not use the Confidential Information except for the Purpose; (c) not disclose, publish, or otherwise disseminate the Confidential Information to any third party except as expressly permitted herein; and (d) limit access to Confidential Information to its employees, contractors, and agents who have a need to know for the Purpose and who are bound by confidentiality obligations at least as protective as those contained herein.
- Permitted Disclosures. The Receiving Party may disclose Confidential Information to the extent required by law, regulation, or court order, provided that the Receiving Party: (a) gives the Disclosing Party prompt written notice of such requirement prior to disclosure (to the extent legally permitted); (b) cooperates with the Disclosing Party in any effort to obtain a protective order or other remedy; and (c) discloses only that portion of the Confidential Information that is legally required to be disclosed.
- Term. This Agreement shall remain in effect for a period of two (2) years from the Effective Date, unless earlier terminated by either Party upon thirty (30) days' prior written notice to the other Party. The obligations of confidentiality and non-use set forth herein shall survive for a period of three (3) years following the date of disclosure of each item of Confidential Information, or for such longer period as may be required to protect trade secrets under applicable law.
- Return of Materials. Upon termination or expiration of this Agreement, or upon the Disclosing Party's written request, the Receiving Party shall promptly return or destroy all Confidential Information in its possession or control, including all copies, extracts, and summaries thereof, and shall certify in writing that it has done so. Notwithstanding the foregoing, the Receiving Party may retain one archival copy of the Confidential Information solely for purposes of determining its obligations hereunder or as required by law, provided that such retained copy remains subject to the confidentiality obligations of this Agreement.
- No License or Warranty. Nothing in this Agreement shall be construed as granting any license, by implication, estoppel, or otherwise, under any patent, copyright, trademark, trade secret, or other intellectual property right of either Party. ALL CONFIDENTIAL INFORMATION IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
- Equitable Relief. The Parties acknowledge that any breach of this Agreement may cause irreparable harm to the Disclosing Party for which monetary damages may be inadequate. Accordingly, the Disclosing Party shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available at law or in equity, without the necessity of proving actual damages or posting a bond.
- No Obligation. Nothing in this Agreement shall obligate either Party to proceed with any transaction or business relationship, and each Party reserves the right, in its sole discretion, to terminate discussions and negotiations at any time.
- Governing Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of laws principles. Any dispute arising out of or relating to this Agreement shall be subject to the exclusive jurisdiction of the state and federal courts located in Delaware, and each Party hereby consents to the personal jurisdiction of such courts.
- Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations, and understandings, whether written or oral. This Agreement may not be amended or modified except by a written instrument signed by both Parties.
- Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect, and the invalid, illegal, or unenforceable provision shall be modified to the minimum extent necessary to make it valid, legal, and enforeceable while preserving the original intent of the Parties.
- Waiver. No waiver of any provision of this Agreement shall be effective unless in writing and signed by the waiving Party. No failure or delay by either Party in exercising any right, power, or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power, or remedy preclude any other or further exercise thereof.
- Counterparts; Electronic Execution. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. The Parties agree that electronic signatures, including signatures executed via clickwrap acceptance, shall have the same legal effect as original signatures. Each Party acknowledges that by clicking "I Accept" or similar affirmative action, such Party is executing this Agreement and agreeing to be bound by its terms.
- Notices. All notices required or permitted under this Agreement shall be in writing and shall be deemed given when delivered personally, sent by confirmed email, or three (3) days after being sent by certified mail, return receipt requested, to the addresses set forth above or to such other address as either Party may designate in writing.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
LUNA BASE INC.
Authorized Signatory
Electronically signed upon execution
RECIPIENT
Authorized Signatory
To be signed electronically below