Tags: benefit, business purpose, confidential discussions, confidential information, confidentiality, delaware corporation, designs products, desire, disclosure, exclusions, financial statements, including without limitation, mutual agreements, mutual business, proprietary nature, purpose company, trade secrets, unauthorized use, xxxxx,
NONDISCLOSURE AGREEMENT
This Agreement is made as of the ___ day of __________, 200_ between XXXXX, Inc., a
Delaware corporation whose address is XXXXXX ("Company") and C. Scott Ananian, whose
address is ____________________________________________ (the "Receiving Party").
Company and Receiving Party desire to enter into confidential discussions with respect to
potential employment (the "Business Purpose"). In order to pursue the mutual Business Purpose,
Company and Receiving Party recognize that there is a need for the Company to disclose to the
Receiving Party certain of its Confidential Information (as defined below) to be used by the
Receiving Party only for the Business Purpose and a need to protect the Company's Confidential
Information from unauthorized use and disclosure.
In consideration of the Company's disclosure of such confidential information, the time and
effort required to explore the Business Purpose and the mutual agreements set forth herein, the
Receiving Party agrees as follows:
1. Confidential Information. As used in this Agreement, "Confidential Information"
means the information described in Exhibit A and any other information disclosed
orally, in writing, or by any other medium, by Company to the Receiving Party of a
competitively sensitive or proprietary nature, whether or not marked confidential or
proprietary, including, without limitation, information relating to projects, designs,
products, financial statements, forecasts, know-how, and trade secrets. The Company
shall take reasonable steps to identify for the benefit of the Receiving Party and its
respective personnel any Confidential Information, including using confidentiality
notices on written material where appropriate.
2. Exclusions. Confidential Information does not, however, include information that the
Receiving Party can demonstrate:
2.a). is now, or hereafter becomes, through no act or failure to act on the part of the
Receiving Party, generally known or available to the public;
2.b). was known by the Receiving Party before receiving such information from the
Company;
2.c). is hereafter rightfully obtained by the Receiving Party from a third party, without
breach of any obligation to the Company; or
2.d). is independently developed by the Receiving Party without use of or reference to the
Confidential Information by persons who had no access to the Confidential
Information.
3. Obligations. The Receiving Party agrees:
3.a). to hold the Confidential Information in strict confidence;
3.b). not to disclose such Confidential Information to any third party except as
specifically authorized herein or as specifically authorized by the Company
in writing;
3.c). to use all reasonable precautions, consistent with Receiving Party's treatment
of its own Confidential Information of a similar nature, to prevent the
unauthorized disclosure of the Confidential Information; and
3.d). not to use any Confidential Information for any purpose other than the
Business Purpose.
4. Permitted Disclosures. The Receiving Party may disclose the Confidential Information
to its responsible employees and professional advisers with a bona fide need to know
such Confidential Information, but only to the extent necessary to carry out the Business
Purpose and only if such employees are advised of the confidential nature of such
Confidential Information and the terms of this Agreement and are bound by a written
agreement or by a legally enforceable code of professional responsibility to protect the
confidentiality of such Confidential Information.
5. Required Disclosures. The Receiving Party disclose the Confidential Information if and
to the extent that such disclosure is required by applicable law, provided that the
Receiving Party uses reasonable efforts to limit the disclosure by means of a protective
order or request for confidential treatment and provides the Company a reasonable
opportunity to review the disclosure before it is made and to interpose its own objection
to the disclosure.
6. Copies and Abstracts. To the extent necessary to carry out the Business Purpose, the
Receiving Party may make copies or abstracts of the Confidential Information provided
that all such copies and abstracts are themselves marked as confidential and provided
that the Receiving Party maintains a written record of the distribution of all such copies
and abstracts.
7. Return of Confidential Information. Upon the Company's request, the Receiving Party
will promptly return to the Company all copies of the Confidential Information, will
destroy all notes, abstracts, documents, computer files and other media that contain
Confidential Information, and will provide to the Company a written certification of an
officer of the Receiving Party that it has done so.
8. No Implied Licenses or Warranties. Nothing in this Agreement will be construed as
granting any rights to the Receiving Party, by license or otherwise, to any of the
Company's Confidential Information, except as specifically stated in this Agreement.
All Confidential Information is provided "AS IS" and without any warranty, express,
implied or otherwise, regarding its accuracy or performance.
9. Injunctive Relief. The Receiving Party acknowledges that the unauthorized use or
disclosure of the Company's Confidential Information would cause irreparable harm to
the Company. Accordingly, the Receiving Party agrees that the Company will have the
right to obtain an immediate injunction against any breach or threatened breach of this
Agreement, as well as the right to pursue any and all other rights and remedies available
at law or in equity for such a breach.
10. Term of Agreement. This Agreement applies to all Confidential Information that is
disclosed during the period that begins on the date set forth above and ends six months
thereafter. The obligations of this Agreement will remain in effect for five years after the
date of the last disclosure of Confidential Information hereunder, at which time this
Agreement will terminate.
11. Applicable Law. This Agreement will be construed, interpreted and applied in
accordance with the laws of The Commonwealth of Massachusetts (excluding its body
of law controlling conflicts of law). This Agreement, including Exhibit A attached
hereto, sets forth the complete and exclusive agreement of the parties regarding the
subject matter of this Agreement and supersedes all prior agreements, understandings
and communications, oral or written, between the parties regarding the subject matter of
this Agreement. This Agreement is not, however, intended to limit any rights that the
parties may have under trade secret, copyright, patent or other laws that may apply to the
subject matter of this Agreement both during and after the term of this Agreement.
___________________________________
By: ________________________________ By: ________________________________
Name Name
Title Title