This agreement is intended for parties involved in intense negotiations when extremely confidential information is exchanged in order to attempt to effect a transaction. When these transactions do not occur, the outside party has a substantial amount of confidential information that is potentially an advantage for them and a disadvantage for the other party. This agreement attempts to rectify some of that; however, these agreements have limited enforcement value and should not be unduly relied upon for recompense. Make multiple copies, give one to each signatory and put one in each related file.
Non-disclosure and Non-Circumvention Agreement, Relating to Negotiations _________________________, referred to as COMPANY, and _________________________, referred to as RECIPIENT, agree: The parties intend to engage in substantive negotiations and discussions regarding certain new and useful business opportunities, trade secrets, economic studies, inventions and scientific information. And, furthermore, the parties intend to engage in substantive negotiations and discussions regarding the exploitation of technology related to items for which patents are pending; The rights related to such information, generally regarding ______________________________________, shall be as follows: COMPANY claims sole rights to the information, and COMPANY is willing to disclose the same, in consideration of the following covenants and agreements made by RECIPIENT: RECIPIENT shall hold in confidence all of such information, and shall not directly or indirectly disclose to others such information. RECIPIENT shall protect such
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