Confidentiality Agreement
We, ,having our registered office at (hereinafter referred to as “”), are willing to obtain disclosure of such confidential information from SIAM AISIN CO., LTD. ,having its registered office at 235 Moo 7 Thatum District, Srimahaphot, Prachinburi 25140 Thailand (hereinafter referred to as “SA”), and/or its parent company, AISIN SEIKI Co., Ltd., having its office at 2-1, Asahi-Machi, Kariya, Aichi, 448-8650, Japan (“AISIN”) (hereinafter SA and AISIN referred to as “Disclosing Party” respectively or collectively) in exchange for our execution of this Agreement (Affiliate herein means a legal entity directly or indirectly controlling, controlled by or under common control with AISIN);
Therefore, we, agree to receive the disclosures contemplated hereunder on the following terms and conditions:
1. Purpose
We and SA are willing to explore a business relationship where we will supply and SA will purchase for manufacturing of its products, certain automotive parts and components as well as their relevant machinery and equipment, tooling, fixtures, gages, jigs, patterns, castings, dies and/or molds, and related accessories. For the purpose of evaluating a possibility of such business relationship and preparing for manufacturing of the products supplied to SA (“Purpose”), Disclosing Party agrees to disclose to us certain confidential technical and business information.
2. “Confidential Information” means all financial, technical, engineering and other information (including, but not limited to, information relevant to Disclosing Party’s manufacturing process and product specification, drawing and requirements and standards, prototypes, samples, plant and equipment tooling, fixtures, gages, jigs, patterns, castings, dies and/or molds) that is disclosed by Disclosing Party to us, in document, electronic media, or other form bearing an appropriate legend indicating its confidential or proprietary nature, or which, if initially disclosed orally or visually is identified as confidential at the time of disclosure and a written summary thereof, also marked as confidential within twenty (20) days of the initially disclosure.
Confidential Information does not, however, include any information that:
(i) was publicly known and made generally available in the public domain prior to that time of disclosure by Disclosing Party;
(ii) is already in the possession of us at the time of disclosure by Disclosing Party as shown by our files and records immediately prior to the time of disclosure;
(iii) becomes publicly known and made generally available after disclosure by Disclosing Party to us through no action or inaction of us:
(iv) is obtained by us from a third party without a breach of such third party’s obligations of confidentiality; or
(v) is independently developed by us without use of or reference to Disclosing Party’s Confidential Information, as proven by documents and other competent evidence in our possession.
3. Maintenance of Confidentiality
We agree to maintain in confidence and not to disclose any Confidential Information to any third party without a written prior consent from SA.
We shall take reasonable measures to protect the secrecy of and avoid disclosure and unauthorized use of the Confidential Information. Without limiting the foregoing, we shall take at least those measures that it takes to protect our own most highly confidential information. We shall provide Confidential Information to employees provided that such disclosure is made to the extent reasonably necessary and minimum requirement for the Purpose of this Agreement and provided that we have a confidential agreement in place with such subsequent recipients of Confidential Information requiring such employees to protect the Confidential Information to the same degree as we hereunder.
4. No License
Nothing in this Agreement grants any rights to us under any patent, know-how, copyright, trade secret or other proprietary right of Disclosing Party, nor does this Agreement grant us any rights in or to the Confidential Information except as expressly set forth herein.
5 Purpose of Use
We agree not to use any Confidential Information for any purpose except the Purpose defined hereinabove.
6. Copies
We may not make any copies of the Confidential Information without prior written approval by SA. We shall reproduce Disclosing Party’s proprietary rights notices on any such approved copies in the same manner in which such notices were set forth in or on the original.
7. Return of Material
All documents and other tangible objects containing or representing Confidential Information that have been disclosed to us, and all copies thereof that are in the possession of us, are and remain the property of Disclosing Party and must be promptly returned to SA within fifteen (15) days upon SA’s request.
8. No Obligation
Nothing herein obligates SA and/or us to proceed with any transaction, and SA and/or we each party reserve the right, in its soles discretion, to terminate the discussions contemplated by this Agreement concerning the contemplated business relationship.
9. No Warranty
All confidential information is proved “as is”. Disclosing Party makes no warranties, express, implied or otherwise, regarding its accuracy, completeness or performance.
10. Term
This Agreement shall come into force on the date written hereinbelow and, shall expire on two (2) year anniversary. However, Sections 3, 4, 7, 8, 9, 11, 12, 13 and 14 will survive even after the date of expiration.
11. Remedies
We agree that any violation or threatened violation of this Agreement may cause irreparable injury to Disclosing Party, entitling Disclosing Party to seek injunctive relief in addition to all legal remedies.
12. Damages
We agree that in the event we breach any provision hereof, we shall be responsible of all damages occurred to Disclosing Party by such breach.
13. Entire Agreement
This Agreement constitutes the complete agreement between SA and us and supersedes and cancels any and all prior communications and agreements between SA and us with respect to the subject matter hereof.
14. Dispute resolution
This Agreement shall be governed by and construed under the laws of the Kingdom of Thailand. Any dispute, controversy or trouble arising from or in connection with this Agreement shall be first brought to an amicable settlement between SA and us, and in the event that no satisfactory settlement is reached within thirty (30) days thereafter, the dispute, controversy of trouble shall be finally settled by arbitration held in by the Thai court having competent jurisdiction thereof.
Any failure to enforce any provision of this Agreement will not constitute a waiver thereof or of any other provision. This Agreement may not be amended, nor any obligation waived, except by a writing signed by SA and us.