NONDISCLOSURE AGREEMENT
THIS AGREEMENT made and entered into this _____ day of
__________________, 20___, by and between
______________________________________ (hereinafter referred to
as "INVENTOR"), whose address is
__________________________________________, and
_____________________________________ (hereinafter referred to
as "COMPANY"), whose address is __________________________________________________________;
WHEREAS, INVENTOR has developed a new product known as
the ________________________________________________________
(the "New Product"), which has not yet been publicly
disclosed;
WHEREAS, COMPANY and INVENTOR wish to discuss the New
Product in detail in order to explore the possibility of COMPANY
using the New Product in its products;
NOW, THEREFORE, both COMPANY and INVENTOR agree that any
technical information relating to the New Product which is
received by COMPANY and INVENTOR will be governed by the
following terms:
1.
"Proprietary Information" means any technical
information, including drawings and prototypes, which is
provided by INVENTOR to COMPANY relating to the New Product.
The Proprietary Information does not include technical
information which:
(a)
is in the possession of COMPANY prior to receiving it
from INVENTOR; or
(b)
is or becomes part of the public knowledge or literature
by acts other than
(c)
is or becomes available to COMPANY from a source other
than INVENTOR.
2.
For a period of two (2) years from the date of this
Agreement:
(a)
COMPANY agrees to treat the Proprietary Information as
proprietary;
(b)
COMPANY will not divulge, in whole or in part, the
Proprietary Information to any third party without the prior
written consent of INVENTOR; and
(c)
COMPANY will make no commercial use, in whole or in part,
of any Proprietary Information without the prior written consent
of INVENTOR.
COMPANY _______________________________
________________________________ Signature Signature
_______________________________
By_______________________________ Inventor’s Name Officer’s Name
Its________________________________
Title
This
is not a substitute for legal advice. An
attorney must be consulted. |
This is not a substitute for legal
advice. An
attorney must be consulted.
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