{"id":9673,"date":"2024-01-23T13:05:04","date_gmt":"2024-01-23T10:05:04","guid":{"rendered":"https:\/\/vcmem.com\/non-disclosure-agreement\/"},"modified":"2024-07-21T22:31:19","modified_gmt":"2024-07-21T19:31:19","slug":"nda","status":"publish","type":"page","link":"https:\/\/vcmem.com\/en\/nda\/","title":{"rendered":"Non-disclosure agreement"},"content":{"rendered":"<style>.kb-row-layout-id9673_c89d28-1b > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id9673_c89d28-1b > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id9673_c89d28-1b > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:var( --global-content-width, 1290px );padding-left:var(--global-content-edge-padding);padding-right:var(--global-content-edge-padding);padding-top:var(--global-kb-spacing-lg, 3rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id9673_c89d28-1b > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id9673_c89d28-1b > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){.kb-row-layout-id9673_c89d28-1b > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id9673_c89d28-1b alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top kb-theme-content-width\">\n<style>.kadence-column9673_3df295-2e > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column9673_3df295-2e > .kt-inside-inner-col{flex-direction:column;}.kadence-column9673_3df295-2e > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column9673_3df295-2e > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column9673_3df295-2e{position:relative;}@media all and (max-width: 1024px){.kadence-column9673_3df295-2e > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column9673_3df295-2e > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column9673_3df295-2e\"><div class=\"kt-inside-inner-col\"><div class='fluentform ff-default fluentform_wrapper_34  ff_guten_block ff_guten_block-34 ffs_default_wrap'><form data-form_id=\"34\" id=\"fluentform_34\" class=\"frm-fluent-form fluent_form_34 ff-el-form-top ff_form_instance_34_1 ff-form-loading ffs_default\" data-form_instance=\"ff_form_instance_34_1\" method=\"POST\" data-turnstile_key=\"0x4AAAAAADxVOQBonDEC3T-8\" ><fieldset  style=\"border: none!important;margin: 0!important;padding: 0!important;background-color: transparent!important;box-shadow: none!important;outline: none!important; min-inline-size: 100%;\">\n                    <legend class=\"ff_screen_reader_title\" style=\"display: block; margin: 0!important;padding: 0!important;height: 0!important;text-indent: -999999px;width: 0!important;overflow:hidden;\">NDA (EN)<\/legend><input type='hidden' name='__fluent_form_embded_post_id' value='9673' \/><input type=\"hidden\" id=\"_fluentform_34_fluentformnonce\" name=\"_fluentform_34_fluentformnonce\" value=\"e752c3235f\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/en\/wp-json\/wp\/v2\/pages\/9673\" \/><div class='ff-el-group  ff-custom_html' tabindex='-1' data-name=\"custom_html-34_1\" ><h3 style=\"text-align: center\"><strong>Confidentiality and Non-Disclosure Agreement<br \/><span style=\"color: #e7ad3f\">&#8221; NDA &#8220;<\/span><br \/><\/strong><\/h3><\/div><div class='ff-el-group'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_datetime' id='label_ff_34_datetime' aria-label=\"Date:\">Date:<\/label><\/div><div class='ff-el-input--content'><input  aria-label='Date: Use arrow keys to navigate dates. Press enter to select a date.'  aria-haspopup='dialog' data-type-datepicker data-format='d\/m\/Y' type=\"text\" name=\"datetime\" value=\"26\/07\/2026\" id=\"ff_34_datetime\" class=\"ff-el-form-control ff-el-datepicker ff-read-only\" data-name=\"datetime\"  aria-invalid='false' aria-required=true><\/div><\/div><div class='ff-el-group  ff-custom_html' tabindex='-1' data-name=\"custom_html-34_2\" ><p>This confidentiality and non-disclosure agreement is made and entered into on the aforementioned date between:<\/p>\n<p>First Party:<\/p>\n<p>Mr. Salem Al-Masrahi (Virtual Community Investment Company) \u2013 Saudi National \u2013 Email: info@vibesholding.com \u2013 Mobile Number: 966503844438<\/p><\/div><div class='ff-el-group  ff-custom_html' tabindex='-1' data-name=\"custom_html-34_3\" >Second Party:\n\n<\/div><div data-type=\"name-element\" data-name=\"names\" class=\" ff-field_container ff-name-field-wrapper\" ><div class='ff-t-container'><div class='ff-t-cell '><div class='ff-el-group  ff-el-form-top'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_names_first_name_' id='label_ff_34_names_first_name_' >First Name<\/label><\/div><div class='ff-el-input--content'><input type=\"text\" name=\"names[first_name]\" id=\"ff_34_names_first_name_\" class=\"ff-el-form-control\" aria-invalid=\"false\" aria-required=true><\/div><\/div><\/div><div class='ff-t-cell '><div class='ff-el-group  ff-el-form-top'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_names_last_name_' id='label_ff_34_names_last_name_' >Last Name<\/label><\/div><div class='ff-el-input--content'><input type=\"text\" name=\"names[last_name]\" id=\"ff_34_names_last_name_\" class=\"ff-el-form-control\" aria-invalid=\"false\" aria-required=true><\/div><\/div><\/div><\/div><\/div><div class='ff-el-group'><div class=\"ff-el-input--label asterisk-right\"><label for='ff_34_input_text_2' id='label_ff_34_input_text_2' aria-label=\"Company or Legal Entity (if any)\">Company or Legal Entity (if any)<\/label><\/div><div class='ff-el-input--content'><input type=\"text\" name=\"input_text_2\" class=\"ff-el-form-control\" data-name=\"input_text_2\" id=\"ff_34_input_text_2\"  aria-invalid=\"false\" aria-required=false><\/div><\/div><div data-name=\"ff_cn_id_1\"  class='ff-t-container ff-column-container ff_columns_total_2 '><div class='ff-t-cell ff-t-column-1' style='flex-basis: 50%;'><div class='ff-el-group'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_input_text' id='label_ff_34_input_text' aria-label=\"Nationality\">Nationality<\/label><\/div><div class='ff-el-input--content'><input type=\"text\" name=\"input_text\" class=\"ff-el-form-control\" data-name=\"input_text\" id=\"ff_34_input_text\"  aria-invalid=\"false\" aria-required=true><\/div><\/div><\/div><div class='ff-t-cell ff-t-column-2' style='flex-basis: 50%;'><div class='ff-el-group'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_input_text_1' id='label_ff_34_input_text_1' aria-label=\"ID Number\">ID Number<\/label><\/div><div class='ff-el-input--content'><input type=\"text\" name=\"input_text_1\" class=\"ff-el-form-control\" data-name=\"input_text_1\" id=\"ff_34_input_text_1\"  aria-invalid=\"false\" aria-required=true><\/div><\/div><\/div><\/div><div data-name=\"ff_cn_id_2\"  class='ff-t-container ff-column-container ff_columns_total_2 '><div class='ff-t-cell ff-t-column-1' style='flex-basis: 50%;'><div class='ff-el-group'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_phone' id='label_ff_34_phone' aria-label=\"Mobile Number\">Mobile Number<\/label><\/div><div class='ff-el-input--content'><input name=\"phone\" class=\"ff-el-form-control ff-el-phone\" type=\"tel\" data-name=\"phone\" id=\"ff_34_phone\" inputmode=\"tel\"  aria-invalid='false' aria-required=true><\/div><\/div><\/div><div class='ff-t-cell ff-t-column-2' style='flex-basis: 50%;'><div class='ff-el-group'><div class=\"ff-el-input--label ff-el-is-required asterisk-right\"><label for='ff_34_email' id='label_ff_34_email' aria-label=\"Email Address\">Email Address<\/label><\/div><div class='ff-el-input--content'><input type=\"email\" name=\"email\" id=\"ff_34_email\" class=\"ff-el-form-control\" data-name=\"email\"  aria-invalid=\"false\" aria-required=true><\/div><\/div><\/div><\/div><div class='ff-el-group  ff-custom_html' tabindex='-1' data-name=\"custom_html-34_4\" ><div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"c3f565d3-a1a6-49b9-a351-ca956d1a9573\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p><strong>Clause One: Definition of Confidential Information<\/strong><\/p>\n<p>As commonly understood and practiced regarding the handling of information classified as \u201cconfidential,\u201d all information disclosed or discussed by the First Party with the Second Party (in whole or in part) shall remain confidential between them. Both parties commit to maintaining its confidentiality. This obligation also applies to information obtained by the Second Party in the context of collaboration or the potential establishment of a business relationship, such as a partnership or any other options that may be discussed after the electronic signing of this agreement, whether in person, remotely, or through intermediaries, in written, verbal, visual, or electronic forms. This includes information embodied in prototypes, future or proposed service data, knowledge, actual or expected research, development, services, operations, concepts, designs, customer lists, markets, sales and marketing strategies, plans, copyrights, blueprints, computer programs, studies, ongoing business operations, banking secrets, future business activities, pricing, strategies, financial data, and future business plans. Any confidential information disclosed by the First Party to the Second Party, whether recorded or unrecorded, and possessing commercial or financial value, is also covered under this clause.<\/p>\n<p><strong>Clause Two: Limits on the Use of Confidential Information<\/strong><\/p>\n<p>Both parties pledge to uphold the terms of this agreement and adhere to its purpose. They commit to strictly maintaining the confidentiality of the exchanged information, using it exclusively for the benefit of the party authorized to disclose it.<\/p>\n<p><strong>Clause Three: Prohibition of Unauthorized Use<\/strong><\/p>\n<p>Both parties agree not to use the exchanged confidential information for any purpose that contradicts the objectives or terms of this agreement without obtaining prior written consent or authorization from the other party.<\/p>\n<p><strong>Clause Four: Commitment to Non-Disclosure After Termination of the Agreement<\/strong><\/p>\n<p>In the event of the termination of this agreement at the request of either party, both parties shall continue to uphold the confidentiality of the information and refrain from disclosing it. They further agree not to compete with one another during the validity of this agreement. If no agreement or understanding is reached regarding any presented ideas, visions, directions, or projects, the Second Party commits to returning all related documents (whether in paper or electronic form) in their possession to the First Party.<\/p>\n<p><strong>Clause Five: Responsibility for Breach and Dispute Resolution<\/strong><\/p>\n<p>If the Second Party breaches the terms of this agreement or discloses confidential information, they shall bear full responsibility for compensating the First Party for any damages incurred as a result of such disclosure, provided this is proven officially and documented according to the rules and legal frameworks of relevant authorities, such as intellectual property laws. In the event of any dispute, both parties shall endeavor to resolve it amicably based on good faith, mutual trust, and principles of fairness. If a satisfactory resolution cannot be reached, the matter shall be referred to the Commercial Court in Riyadh, Kingdom of Saudi Arabia, for adjudication.<\/p>\n<p><strong>Clause Six: Personal Non-Disclosure Pledge<\/strong><\/p>\n<p>I solemnly pledge before God and myself not to disclose, share, transfer, or retain for others or myself any of the names, ideas, directions, projects, or any other matters presented by the First Party during the negotiation period or afterward, even if no agreement is reached between the parties. All presented content shall remain the exclusive right of the First Party.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div class='ff-el-group    ff-el-input--content'><div class='ff-el-form-check ff-el-tc'><label aria-label='By clicking here, I agree to all terms of this agreement.A copy of this agreement will be sent to the email address you entered above' class='ff-el-form-check-label ff_tc_label' for=terms-n-condition_813fc2b77c5ba0575341a41634694220><span class='ff_tc_checkbox'><input type=\"checkbox\" name=\"terms-n-condition\" class=\"ff-el-form-check-input\" data-name=\"terms-n-condition\" id=\"terms-n-condition_813fc2b77c5ba0575341a41634694220\"  value='on' aria-invalid='false' aria-required=true><\/span> <div class='ff_t_c'><p>By clicking here, I agree to all terms of this agreement.<br \/><span style=\"color: #ff0000\">A copy of this agreement will be sent to the email address you entered above<\/span><\/p><\/div><\/label><\/div><\/div><div class='ff-el-group ' ><div 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