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Legal Document
Mutual Non-Disclosure Agreement
Effective Date: 31 March 2026
This Mutual Non-Disclosure Agreement ("Agreement") is made and entered into as of the Effective Date (as defined below), by and between:
The Company
Avinya NeuroTech Pvt Ltd
Incorporated under the laws of India
CfHE, TIP Building, IIT Hyderabad
Kandi, Telangana 502285, India
The Recipient
To be filled below
The Company and the Recipient may individually be referred to as a "Party" and collectively as the "Parties".
1. Effective Date
This Agreement shall become effective on the date on which it is digitally executed by the Recipient (the "Effective Date").
2. Purpose
The Parties wish to engage in discussions, evaluations, demonstrations, testing, or potential collaboration relating to the Company's proprietary technologies, including but not limited to neurotechnology systems, brain-computer interfaces, software platforms, algorithms, hardware devices, and associated research (the "Purpose").
The Recipient acknowledges that access to Confidential Information is granted strictly for this Purpose and no other use is permitted.
3. Definition of Confidential Information
"Confidential Information"shall mean any and all information disclosed by the Company to the Recipient, whether orally, visually, electronically, or in writing, that is not publicly available and that relates to the Company's business, technology, or operations.
This includes, but is not limited to:
(a) Technical Information
- —Algorithms, models, signal processing methods
- —Source code, object code, firmware
- —Hardware designs, schematics, prototypes
- —System architectures and engineering specifications
(b) Research & Scientific Data
- —Brain signal data, experimental results
- —Clinical or non-clinical research findings
- —Datasets and training methodologies
(c) Business Information
- —Product roadmaps, pricing strategies
- —Investor information, financial projections
- —Customer lists and partnership agreements
(d) Intellectual Property
- —Patents, patent applications, trade secrets
- —Know-how, processes, inventions, discoveries
(e) Derived Information
- —Notes, summaries, analyses, or materials created by the Recipient based on Confidential Information
Confidential Information shall not include information that the Recipient can demonstrate:
- Was publicly available at the time of disclosure;
- Was already in lawful possession of the Recipient;
- Was independently developed without use of Confidential Information;
- Was lawfully obtained from a third party without restriction.
4. Confidentiality Obligations
The Recipient agrees to:
- Maintain strict confidentiality of all Confidential Information;
- Use such information solely for the Purpose;
- Not disclose Confidential Information to any third party without prior written consent;
- Limit access only to individuals who have a strict need-to-know;
- Ensure such individuals are bound by confidentiality obligations at least as restrictive as this Agreement.
5. Restrictions on Use
The Recipient shall not, directly or indirectly:
- Reverse engineer, decompile, or disassemble any product, prototype, or software;
- Copy, reproduce, or modify any Confidential Information;
- Create derivative works or competing technologies;
- Analyze or extract underlying structure, logic, or algorithms;
- Transfer technical knowledge to any third party;
- Use Confidential Information for commercial purposes outside the Purpose.
6. Data Security and Breach
The Recipient shall implement reasonable safeguards to protect Confidential Information.
In the event of unauthorized disclosure, loss, or breach, the Recipient must:
- Notify the Company immediately;
- Take all reasonable steps to mitigate damage;
- Cooperate in remediation efforts.
The Recipient shall be liable for all damages arising from such breach.
7. Intellectual Property Rights
All Confidential Information remains the sole and exclusive property of the Company.
Nothing in this Agreement shall be construed as granting any license, ownership, or rights to the Recipient.
The Recipient agrees not to:
- File patents or claims based on the Confidential Information;
- Use the information to build competing products;
- Claim ownership of any derivative innovation.
8. Feedback and Improvements
Any feedback, suggestions, or improvements provided by the Recipient shall:
- Become the sole property of the Company;
- Be usable without restriction or compensation;
- Not create any ownership or licensing rights for the Recipient.
9. Non-Circumvention
The Recipient agrees not to bypass, compete with, or replicate the Company's business relationships, partners, or business model using Confidential Information.
10. No Warranties
All Confidential Information is provided "as-is" without any warranties, express or implied.
11. Term and Survival
This Agreement shall remain in effect for a period of five (5) years from the Effective Date.
Confidentiality obligations shall survive termination for five (5) years or until the information becomes public, whichever is later.
12. Termination
Either Party may terminate this Agreement with thirty (30) days written notice.
Upon termination, the Recipient must:
- Cease use of Confidential Information;
- Destroy or return all materials;
- Provide written confirmation upon request.
13. Relationship of Parties
Nothing in this Agreement shall create any partnership, joint venture, or employment relationship.
14. Governing Law
This Agreement shall be governed by the laws of India. Courts in Telangana shall have exclusive jurisdiction.
15. Remedies
The Parties agree that monetary damages may be insufficient and that the Company shall be entitled to injunctive relief and other legal remedies.
16. General Provisions
This Agreement constitutes the entire agreement between the Parties. Any amendments must be in writing and signed. If any provision is found invalid, the remaining provisions shall remain enforceable.
17. Digital Execution
This Agreement may be executed electronically and shall be legally binding upon digital acceptance.
Signatures
For Avinya NeuroTech Pvt Ltd
Aniket Kumar
Co-founder, Director
For Recipient
Your name
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Digital Execution
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