| 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]
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