This is a template for an agreement between a company and an individual who is exposed to confidential information to keep the company's proprietary information confidential. Confidential information includes, but is not limited to, patents, trade secrets, business plans, designs, copyrighted work, ideas, discoveries, and models. In addition, this agreement disclaims the confidentiality of certain information that was freely available in the public domain. This document should be used by small businesses or other entities that want the proprietary information they share with individuals to remain confidential.
Unilateral Non-Disclosure Agreement This is a template for an agreement between a company and an individual who is exposed to confidential information to keep the company's proprietary information confidential. Confidential information includes, but is not limited to, patents, trade secrets, business plans, designs, copyrighted work, ideas, discoveries, and models. In addition, this agreement disclaims the confidentiality of certain information that was freely available in the public domain. This document should be used by small businesses or other entities that want the proprietary information they share with individuals to remain confidential. NON-DISCLOSURE AGREEMENT THIS NON-DISCLOSURE AGREEMENT (the “Agreement”) effective as of this ________________ day of ______________________, 20__________ [Instructions: Enter the date of this agreement], governs the disclosure of information by and between ____________________________ [Instructions: Enter the name of the Company] (the “Company”) and _______________________ [Instructions: Enter the name of the Recipient] (the “Recipient”). 1. Confidential Information "Confidential Information" shall mean any information provided by Company in writing, or communicated orally, electronically, or in any other form, to the Recipient, including but not limited to patent(s) and patent applications, trade secret, business plans, designs, copyrighted work, proprietary information, ideas, discoveries, techniques, sketches, drawings, works of authorship, models, inventions, creations, improvements, developments know-how, processes, apparatuses, equipment, systems, components, technologies, algorithms, formulae, software programs, software source documents, products and services, customer lists, suppliers, investors, employees, licensors, licensees, affiliates, partners, business forecasts, sales and merchandising, training methods and materials and marketing plans. 2. Exceptions to Confidential Information Confidential Information shall not include the following: (a) Information which was freely available in the public domain at the time it was communicated to the Recipient by the Company; (b) Information which subsequently came to public domain through no fault of the Recipient; (c) Information which is in the Recipient's possession free of any obligation of confidence at the time it was communicated to the Recipient by the Company; (d) Information independently developed by the Recipient or its representatives without reference to any information communicated to the Recipient by the Company; (e) Information provided by Recipient in response to a valid order by a court or other governmental body, was otherwise required by law; or (f) Information approved for release by written authorization of an officer or representative of the Company; 3. Use of Confidential Information Recipient hereby agrees: (i) to hold the Confidential Information in strict confidence and to take all reasonable steps and precautions to protect such Confidential Information (including, without © Copyright 2015 Docstoc Inc. 2 limitation, all precautions the Recipient employs with respect to its own confidential information), (ii) not to disclose any such Confidential Information or any information derived there from to any third person or entity, (iii) not to make any use of such Confidential Information except to evaluate internally its relationship with the Company, and (iv) not to copy or reverse engineer any such Confidential Information. 4. Permitted Disclosures Recipient shall disclose the Confidential Information received under this Agreement to any person within its organization only if such persons (i) have a need to know and (ii) are bound in writing to protect the confidentiality of such Confidential Information. This Section shall survive and continue after any expiration or termination of this Agreement and shall bind Recipient, its employees, agents, representatives, successors, heirs and assigns 5. Ownership Recipient recognizes that all work products and any tangible information including but not limited to plans, photographs, records, data, notes, reports and other documents prepared by Recipient by using the Confidential Information of Company, including all copies thereof, are and shall be the sole property of Company. This Agreement shall not be construed in a manner in which the Recipient will acquire by implication or otherwise any right in or title to or license in respect of the Confidential Information disclosed to it by the Company. Upon receipt of any request by the Company Recipient agrees to immediately deliver all such materials prepared by Recipient to Company. 6. Term This Agreement shall terminate _______________ [Instructions: Enter the number of years this agreement will remain in effect] year(s) from the date above written. However, the Recipient's confidentiality obligations under this Agreement shall survive the termination of this Agreement and shall be binding for a period of _______________ [Instructions: Enter the number of years the Recipient’s confidentiality obligations will remain in effect following termination of this agreement] years. 7. Return of Confidential Information All Confidential Information provided by Company under this Agreement shall remain the sole and exclusive property of the Company. Recipient agrees to return all Confidential Information to Company within _______________ [Instructions: Enter the number of days within which the Recipient must return the Confidential Information upon written demand from the Company] days of written demand by Company. 8. Specific Performance The Recipient understands and acknowledges that any disclosure or misappropriation of any of the Confidential Information in violation of the terms of this Agreement may cause Company © Copyright 2015 Docstoc Inc. 3 irreparable harm, the amount of which may be difficult to ascertain, and therefore agrees that Company shall have the right to apply to a court of competent jurisdiction for specific performance and/or an order restraining and enjoining any such further disclosure or breach and for such other relief as the Company shall deem appropriate. Such right of the Company is to be in addition to the remedies otherwise available to the Company at law or in equity. Recipient expressly waives the defense that a remedy in damages will be adequate and any requirement in an action for specific performance or injunction for the posting of a bond by the Company. 9. Notice In the event if the Recipient is requested or required by any subpoena or court order to disclose any Confidential Information provided under this Agreement, the Recipient will provide immediate notice of such request to the Company and will use reasonable efforts to resist disclosure, until an appropriate protective order may be sought by the Company, or a waiver of compliance with the provisions of this Agreement granted in favor of the Company. If, in the absence of a protective order or the receipt of a waiver hereunder, the Recipient is nonetheless, in the written opinion of its counsel, legally required to disclose Confidential Information of the Company, then, in such event, the Recipient may disclose such information without any liability hereunder, provided that the Company has been given a reasonable opportunity to review the text of such disclosure and that the disclosure is limited to only the Confidential Information specifically required to be disclosed. 10. Miscellaneous (a) This Agreement sets forth the entire Agreement and understanding between the parties and supersedes all prior oral and written agreements and understandings between them relating to the subject matter of this Agreement. This Agreement may not be modified or discharged, in whole or part, except by an agreement in writing signed by both parties. This Agreement may not be assigned or otherwise transferred by either party without the prior written consent of the non- transferring party. (b) This Agreement will be binding upon and inure to the benefit of the parties hereto and each party’s respective successors and assigns. (c) In the event that any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable because it is invalid or in conflict with any law of any relevant jurisdiction, the validity of the remaining provisions shall not be affected, and the rights and obligations of the parties hereto shall be construed and enforced as if the Agreement did not contain the particular provision(s) held to be unenforceable. (d) This Agreement shall be governed by and interpreted in accordance with the laws of the State of _________________ [Instructions: Enter the name of the state whose laws will govern this agreement], without regard to its provisions as to choice of law. (e) Each party hereto represents and warrants that it has the full power and authority to enter into and perform this Agreement, and each party knows of no law, rule, regulations, order, © Copyright 2015 Docstoc Inc. 4 agreement, promise, undertaking or other fact or circumstance which would prevent its full execution and performance of this Agreement. (f) This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one and the same agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the __________ day of ____________________, 20____________ [Instructions: Enter the date of this agreement]. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: _______________________________ Title: _______________________________ Address: ____________________________ Address: ____________________________ © Copyright 2015 Docstoc Inc. 5
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