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This Confidentiality
Agreement ("Agreement") is made and effective the [Date]
by and between [Owner] ("Owner")
and [Recipient] ("Recipient").
1.
Confidential Information.
Owner proposes to disclose
certain of its confidential and proprietary information (the "Confidential
Information") to Recipient. Confidential Information shall include
all data, materials, products, technology, computer programs, specifications,
manuals, business plans, software, marketing plans, business plans,
financial information, and other information disclosed or submitted,
orally, in writing, or by any other media, to Recipient by Owner.
Confidential Information disclosed orally shall be identified as
such within five (5) days of disclosure. Nothing herein shall require
Owner to disclose any of its information.
2.
Recipient's Obligations.
A. Recipient agrees
that the Confidential Information is to be considered confidential
and proprietary to Owner and Recipient shall hold the same in confidence,
shall not use the Confidential Information other than for the purposes
of its business with Owner, and shall disclose it only to its officers,
directors, or employees with a specific need to know. Recipient
will not disclose, publish or otherwise reveal any of the Confidential
Information received from Owner to any other party whatsoever except
with the specific prior written authorization of Owner.
B. Confidential Information
furnished in tangible form shall not be duplicated by Recipient
except for purposes of this Agreement. Upon the request of Owner,
Recipient shall return all Confidential Information received in
written or tangible form, including copies, or reproductions or
other media containing such Confidential Information, within ten
(10) days of such request. At Recipient's option, any documents
or other media developed by the Recipient containing Confidential
Information may be destroyed by Recipient. Recipient shall provide
a written certificate to Owner regarding destruction within ten
(10) days thereafter.
3.
Term.
The obligations of
Recipient herein shall be effective [Non-Disclosure
Period] from the date Owner last discloses any Confidential
Information to Recipient pursuant to this Agreement. Further, the
obligation not to disclose shall not be affected by bankruptcy,
receivership, assignment, attachment or seizure procedures, whether
initiated by or against Recipient, nor by the rejection of any agreement
between Owner and Recipient, by a trustee of Recipient in bankruptcy,
or by the Recipient as a debtor-in-possession or the equivalent
of any of the foregoing under local law.
4.
Other Information.
Recipient shall have
no obligation under this Agreement with respect to Confidential
Information which is or becomes publicly available without breach
of this Agreement by Recipient; is rightfully received by Recipient
without obligations of confidentiality; or is developed by Recipient
without breach of this Agreement; provided, however, such Confidential
Information shall not be disclosed until thirty (30) days after
written notice of intent to disclose is given to Owner along with
the asserted grounds for disclosure.
5.
No License.
Nothing contained herein
shall be construed as granting or conferring any rights by license
or otherwise in any Confidential Information. It is understood and
agreed that neither party solicits any change in the organization,
business practice, service or products of the other party, and that
the disclosure of Confidential Information shall not be construed
as evidencing any intent by a party to purchase any products or
services of the other party nor as an encouragement to expend funds
in development or research efforts. Confidential Information may
pertain to prospective or unannounced products. Recipient agrees
not to use any Confidential Information as a basis upon which to
develop or have a third party develop a competing or similar product.
6.
No Publicity.
Recipient agrees not
to disclose its participation in this undertaking, the existence
or terms and conditions of the Agreement, or the fact that discussions
are being held with Owner.
7.
Governing Law and Equitable Relief.
This Agreement shall
be governed and construed in accordance with the laws of the United
States and the State of [State of Governing
Law] and Recipient consents to the exclusive jurisdiction
of the state courts and U.S. federal courts located there for any
dispute arising out of this Agreement. Recipient agrees that in
the event of any breach or threatened breach by Recipient, Owner
may obtain, in addition to any other legal remedies which may be
available, such equitable relief as may be necessary to protect
Owner against any such breach or threatened breach.
8.
Final Agreement.
This Agreement terminates
and supersedes all prior understandings or agreements on the subject
matter hereof. This Agreement may be modified only by a further
writing that is duly executed by both parties.
9.
No Assignment.
Recipient may not assign
this Agreement or any interest herein without Owner's express prior
written consent.
10.
Severability.
If any term of this
Agreement is held by a court of competent jurisdiction to be invalid
or unenforceable, then this Agreement, including all of the remaining
terms, will remain in full force and effect as if such invalid or
unenforceable term had never been included.
11.
Notices.
Any notice required
by this Agreement or given in connection with it, shall be in writing
and shall be given to the appropriate party by personal delivery
or by certified mail, postage prepaid, or recognized overnight delivery
services.
If to Owner:
[Owner]
[Owner's
Address]
If to Recipient:
[Recipient]
[Recipient's
Address]
12.
No Implied Waiver.
Either party's failure
to insist in any one or more instances upon strict performance by
the other party of any of the terms of this Agreement shall not
be construed as a waiver of any continuing or subsequent failure
to perform or delay in performance of any term hereof.
13.
Headings.
Headings used in this
Agreement are provided for convenience only and shall not be used
to construe meaning or intent.
IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first above
written.
[Owner]
Signature Block
[Recipient]
Signature Block
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