Confidentiality,
Non-Disclosure and Non-Use Agreement
This agreement is made between
____________________ (the "Company") and
_______________________________________ (the
"undersigned").
WHEREAS The Company and the
Undersigned wish to explore a business possibility
and the Company and the Undersigned each wish to
protect any Confidential Information which may be
disclosed by each to the other. The Confidential
Information concerns the concept, implementation,
marketing and design of
____________________________ and any other related
ventures.
2. Definition. "Confidential
Information" as used herein, whether or not
reduced to writing and in any and all stages of
development, shall include but shall not be
limited to: all information which relates to;
policies and practices; files or data; concepts;
software or hardware development; specifications;
documentation; lists of names; forecasts; trade
secrets; techniques; product plans: marketing
plans; customer information; or financial or non
financial information or related information which
were directly or indirectly disclosed or revealed
to a party by (I) the other party or any of its
directors, officers, employees, agents, attorneys
or representatives; or (ii) by any other means
connected with a party. Confidential information
shall include written information that is
designated as such in writing or oral information
that is confirmed promptly in writing as having
been disclosed as confidential or proprietary.
"Confidential Material": as
used herein shall be any and all tangible
materials and objects which embody Confidential
Information or from which Confidential Information
can be read, reproduced or utilized.
Confidential Information does
not include information, technical data or
know-how which (I) is in the possession of the
Receiving Party at the time of disclosure and is
free from any disclosure obligations as shown by
the receiving party's files and records
immediately prior to the time of disclosure, (ii)
prior to or after the time of disclosure becomes
part of the public knowledge or literature, not as
a result of any inaction or action of the
receiving party, (iii) is approved by the
disclosing party, in writing for release, (iv) is
developed independently by the receiving party, or
(v) is received from a third party not having an
obligation of confidentiality.
3. Non-Disclosure of
Confidential Information. Each of the parties that
receives Confidential Information (the Receiving
Party) from the other party (the Disclosing Party)
agrees not to use such Confidential Information
disclosed to it for its own use or for any purpose
except to carry our discussions concerning, and
the undertaking of, any business relationship
between the Undersigned and the Company.
The Receiving Party will not
disclose any Confidential Information of the
Disclosing Party to third parties or to employees
of the Receiving Party except those employees who
are required to have information in order to carry
out the discussion of the contemplated business.
All employees of the Receiving Party to whom
Confidential Information of the Disclosing Party
have or will have prior to disclosure, sign a
Non-Disclosure and Non-Use Agreement in content
substantially similar to this Agreement, and the
Receiving Party will promptly notify the
Disclosing Party in writing of the names of each
such employee upon the written request of the
Disclosing Party at any time. Each of the Parties
agrees that it will take all reasonable measures
to protect the secrecy of and avoid disclosure or
use of Confidential Information of the other party
in order to prevent it from falling into public
domain or the possession of persons other than
those persons authorized hereunder to have any
such information, which measures shall include the
highest degree of care that each of the parties
uses to protect its own Confidential Information
of a similar nature. The Receiving Party agrees to
notify the Disclosing Party in writing of any
misuse or misappropriation of Confidential
Information of the Disclosing Party which may come
to the Receiving Party's attention.
4. Return of Materials. Within
ten (10) days of a written request from the
Disclosing Party any materials or documents which
have been furnished to the Receiving Party will be
promptly returned, accompanied by all copies of
such documentation, after the business possibility
has been rejected or concluded.
5. No Implied Grant of Rights.
Nothing in this Agreement is intended to grant any
rights to either party under patent or copyright,
nor shall this Agreement grant the Receiving Party
any rights in or to the Disclosing Party's
Confidential Information, except the limited
rights to review such Confidential Information
solely for the purpose of determining whether to
enter into a further business relationship with
the Disclosing Party.
6. Term. The foregoing
commitments of the parties shall survive any
termination of discussions between the parties and
shall continue for a period of two(2) years
following the date of this Agreement.
7. Miscellaneous. This
Agreement shall be binding upon and for the
benefit of the undersigned parties, their
successors and assigns, provided that Confidential
Information of either party may not be assigned
without the prior written consent of such party.
Failure to enforce any provision of this Agreement
shall not constitute a waiver of any term hereof.
Each party understands and
agrees that Confidential Information is secret and
proprietary and of great value to the other. The
parties further understand and agree that the
relationship between them is of a confidential
nature and imposes an affirmative obligation upon
the each party to protect, foster and respect the
confidentiality of Confidential Information.
The parties further understand
and agree that they are under no obligation to
disclose or reveal anything to the each other.
Each party may in its sole discretion, elect not
to disclose or reveal.
8. Governing Law. This
Agreement shall be governed by and construed in
accordance with the internal laws of the State of
Florida, and shall be binding upon the parties
hereto in the United States and worldwide. The
federal and state courts within the United States
District of the Southern District of Florida shall
have exclusive jurisdiction to adjudicate any
dispute arising out of the Agreement.
9. Remedies. The parties agree
that the obligations of the Receiving Party
provided herein are necessary and reasonable in
order to protect the Disclosing Party and its
business, and expressly agree that monetary
damages would be inadequate to compensate the
Disclosing Party for any breach by the Receding
Party of it covenants and agreements set forth
herein. Accordingly, the parties agree and
acknowledge that any such violation or threatened
violation will cause irreparable injury to the
Disclosing Party and that, in addition to any
other remedies that may be available in law,
equity or otherwise, the Disclosing Party shall be
entitled to obtain injunctive relief against the
threatened breach of the Agreement or the
continuation of any such breach by the Receiving
Party, without the necessity of proving actual
damages.
Signatures
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