Basis of the Agreement:
1 On the understanding that both parties are interested in meeting / discussing to consider possible collaboration in developments arising from YogaBellies Ltd. intellectual property it is agreed that the information, documents and material supplied in any meeting / discussion and as a result of so shall be treated as confidential.
2 This confidentiality applies to both technical and commercial information, which either party may communicate to the other.
3 Excepted from this undertaking of confidentiality is any information in the public domain or which the receiving party can show was already in his possession prior to its disclosure.
4 Either party to this agreement shall on request from the other return any documents or items connected with the disclosure and shall not retain any unauthorised copies or likenesses.
5 After five years from the date hereof each party shall be relieved of all obligations under this agreement.