NON-DISCLOSURE AGREEMENT (NDA)
THIS AGREEMENT (hereinafter referred to as the "Agreement") is entered into as of this 04/08/2025
and shall remain valid until Suspended.
PARTIES:
1. Power Research Consulting (PRC), an IIT Mandi-incubated at Catalyst venture with its
office at Q2M2+G5H, IIT Mandi (North campus), Salgi-175005, N Campus Rd, Khanahr,
Himachal Pradesh 175005 (hereinafter referred to as the "Company").
2. Parth Manohar Shelar, Intern/Project Apprentice, S/O/D/O: Manohar Raghunath Shelar,
residing at Aravali Hostel,Punjab Engineering College ,160012,Chandigarh 1. Purpose
The Company intends to disclose certain confidential and proprietary information ("Confidential
Information") to the Recipient in connection with their role as a/an Intern/Project Apprentice for a
project involving Aerospace Engineering (the "VARUNA"). This Agreement ensures that such
information is protected and utilized exclusively for the Project's objectives.
2. Definitions
2.1 Confidential Information
Confidential Information includes but is not limited to:
● Strategic business plans, marketing frameworks, and financial models related to the Project.
● Proprietary technical data, algorithms, software systems, and designs associated with AUV.
● Company-generated documentation, reports, and analyses.
● Any other data explicitly marked as "confidential" or reasonably deemed confidential under
the circumstances.
2.2 Exceptions to Confidential Information
Confidential Information does not encompass information that:
● Is or becomes publicly accessible through no fault or action of the Recipient.
● Is independently conceived by the Recipient without reliance on the Company's Confidential
Information.
● Must be disclosed by legal mandate, provided that the Recipient promptly informs the
Company and collaborates in seeking a protective order or similar safeguarding measures.
3. Obligations of the Recipient
3.1 Confidentiality
The Recipient commits to:
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● Maintaining the confidentiality of all disclosed information with the utmost rigor.
● Utilizing Confidential Information solely for activities directly related to the Project.
● Refraining from disseminating or disclosing any Confidential Information to external parties
without prior written authorization from the Company.
3.2 Safeguarding Information
The Recipient shall implement reasonable safeguards to prevent unauthorized access or misuse of
Confidential Information, which include but are not limited to:
● Employing secure methods to store and manage physical and digital records.
● Ensuring all devices used for accessing such information are equipped with appropriate
security mechanisms.
3.3 Return of Materials
Upon completion of the Project or termination of the engagement, the Recipient shall promptly return
or securely dispose of all materials containing Confidential Information in accordance with the
Company's instructions.
4. Remedies
4.1 Injunctive Relief
The Recipient acknowledges that unauthorized use or disclosure of Confidential Information would
cause significant harm to the Company. Consequently, the Company is entitled to seek injunctive
relief in addition to any other remedies available under law.
4.2 Indemnification
The Recipient agrees to indemnify and hold the Company harmless from any damages, liabilities, or
losses arising directly or indirectly from their breach of this Agreement.
5. Term and Termination
5.1 Term
This Agreement remains effective throughout the duration of the Recipient's engagement with the
Company and for a period of one (1) year following its conclusion.
5.2 Termination
This Agreement may be terminated by mutual written consent or via written notice by the Company.
The obligations outlined in Sections 3 and 4 shall survive such termination.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of India. Any
disputes arising from or in connection with this Agreement shall be subject to the exclusive
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jurisdiction of the High Court of Chandigarh. The Recipient agrees that this court has competent
authority and waives any objections to its jurisdiction, including claims of inconvenient forum.
7. Entire Agreement
This document represents the entire agreement between the parties concerning its subject matter,
superseding all prior discussions, agreements, or understandings.
8. Miscellaneous
8.1 Severability
If any provision within this Agreement is found to be invalid or unenforceable, the remaining
provisions shall remain fully operational and enforceable.
8.2 Amendments
Any amendments to this Agreement must be documented in writing and signed by both parties.
8.3 Waiver
Failure to enforce any provision of this Agreement shall not constitute a waiver of any subsequent
enforcement of that or any other provision.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
For Recipient:
Name: Parth Manohar Shelar
Signature: _______________________________
Date: 04/08/2025
For Power Research Consulting (PRC):
Name: NAVNEET SHARMA
Title: CEO & CTO Partner
Signature: _______________________________
Date: _______________________________
