Q: Non Disclosure Agreement- 3

Ans: Ryan Automobiles Private Ltd ("RAL") is a manufacturing company of automobiles based in Pune, Maharashtra. Fimetal Bearings Private Ltd ("Fimetal") is a manufacturing company of bearings in Bengaluru, Karnataka. RAL is willing to buy bearings from Fimetal as per their specifications and designs. Fimetal has also agreed to manufacture and supply bearings to RAL as per their specification and design. In order to enter into a contract, it is necessary that both parties exchange their confidential information to each other. Therefore, both the parties have decided to enter into a non disclosure agreement in order to maintain their confidential information.


Exercise 1: Vetting of clauses of a Non-Disclosure Agreement (10 MARKS)


1. Please correct the following Recital clause.


This Agreement ("Agreement") is made by and between on 15/08/2023: 


1) Ryan Automobiles Private Ltd, having its principal place of business at Pune (hereinafter referred to as the "First Party", which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the First Part;

                                AND

2) Fimetal Bearings Private Ltd, a company incorporated under the Companies Act (hereinafter referred to as "Second Party", which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the Second Part;

Keywords used: 

Vetting : जाँच, पुनरीक्षण

Recital: Story, Lesson 

Repungant: प्रतिकूल


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