WHEREAS, the Parties have developed and owned certain confidential information,
WHEREAS, the Disclosing Party desires to disclose to the Receiving Party, and the Receiving Party desires to receive from the Disclosing Party, the Confidential Information , in accordance with the terms and conditions hereof, for the purpose of (a) exploring the possibility of future business collaborations between the Parties, including making estimations or cost quotations for certain business upon request by either Party, and/or (b) engaging in certain business activities agreed between the Parties, , from time to time (hereinafter collectively referred to as the “Business Activity”);
WHEREAS, the Parties are required to and shall treat all or any part of such Confidential Information disclosed by the Disclosing Party as confidential in accordance with terms and conditions hereof, (hereinafter collectively referred to as the “Recitals”),
NOW, THEREFORE, the Parties hereby agree as follows: