Sign the founder NDA
Before we share your idea with empaneled investors, we both need a mutual confidentiality agreement on file.
Mutual Non-Disclosure & Idea-Custody Agreement
1. Parties
This Mutual Non-Disclosure & Idea-Custody Agreement (the "Agreement") is entered into between (a) the Founder, the natural person or legal entity signing below, and (b) PocketFund Technologies, Inc., a Delaware corporation operating pocketfund.in (the "Platform").
2. Purpose
The Founder wishes to submit a startup idea, business plan, product designs, technology, financials, and related information (collectively the "Confidential Information") to the Platform so that the Platform may, on the Founder's authorisation, surface the idea to a curated set of empaneled investors for the purpose of evaluation and potential investment.
3. Authorisation to Share
The Founder hereby authorises the Platform to (i) review the Confidential Information internally, (ii) generate a non-confidential summary for matching, and (iii) make the Confidential Information available to investors who have themselves signed a back-to-back NDA on materially the same terms as this Agreement. The Platform shall not share the Confidential Information with any third party who has not signed such an NDA.
4. Founder's Ownership
All rights, title and interest in the Confidential Information remain with the Founder. Nothing in this Agreement transfers any intellectual property, know-how or pre-existing rights. The Platform acquires no licence beyond the limited right to display the information to NDA-bound investors.
5. Platform Obligations
- Use the Confidential Information solely for the Purpose stated above.
- Restrict access to Platform employees and contractors with a need-to-know.
- Maintain reasonable industry-standard administrative, physical and technical safeguards.
- Maintain an audit log of every investor that views any artefact, and provide that log to the Founder on request.
- Honour any takedown / revocation request from the Founder within forty-eight (48) hours.
6. Founder Obligations
- Submit information that the Founder is entitled to submit (no third-party trade secrets).
- Not use the Platform to make a public offering of securities except where the Platform's marketplace is itself a permitted channel.
7. Exclusions
Confidential Information does not include information that (a) is or becomes publicly known through no fault of the Platform, (b) was rightfully known to the Platform before disclosure, (c) is independently developed without reference to the Confidential Information, or (d) is required to be disclosed by law (with prompt notice to the Founder where legally permitted).
8. Term & Survival
This Agreement is effective from the date the Founder signs and continues for as long as the Founder has any project listed on the Platform plus two (2) years thereafter. Sections 3, 4, 7 and 9 survive termination.
9. Remedies
The parties acknowledge that monetary damages may be inadequate for a breach of confidentiality and that the non-breaching party shall be entitled to seek injunctive relief in addition to any other remedies available at law or in equity.
10. Miscellaneous
This Agreement constitutes the entire understanding between the parties on the subject matter, supersedes prior discussions, and may only be amended in writing. If any provision is held unenforceable, the remainder continues in force. This Agreement may be executed electronically; a click-signature plus IP-and-timestamp record shall constitute a binding signature.