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NON-DISCLOSURE AND INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT
THIS AGREEMENT (the "Agreement") is made and entered into as of [Date] (the "Effective Date") by and between:
[Party 1 Name], a [Type of Entity] organized and existing under the laws of [State/Country], with its principal place of business at [Address] (hereinafter referred to as "Disclosing Party"); and
[Party 2 Name], a [Type of Entity/Individual] residing at/with its principal place of business at [Address] (hereinafter referred to as "Receiving Party").
WHEREAS, Disclosing Party possesses certain confidential and proprietary information, including but not limited to trade secrets, technical data, business plans, and customer lists (hereinafter collectively referred to as "Confidential Information"); and
WHEREAS, Receiving Party may be exposed to or develop Confidential Information and/or Intellectual Property in connection with its engagement with Disclosing Party; and
WHEREAS, the parties desire to set forth the terms and conditions under which such Confidential Information will be protected and any Intellectual Property developed will be assigned.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows:
ARTICLE I. DEFINITIONS
1.1 CONFIDENTIAL INFORMATION: "Confidential Information" shall mean any and all non-public information, whether commercial, financial, technical, operational, or otherwise, disclosed by Disclosing Party to Receiving Party, directly or indirectly, in writing, orally, visually, or by any other means. This includes, but is not limited to, inventions, ideas, discoveries, designs, specifications, algorithms, software, hardware, prototypes, processes, formulae, data, research, development, business plans, marketing strategies, customer lists, pricing information, employee information, and any information marked or designated as confidential or which, by its nature, would reasonably be understood to be confidential.
1.2 INTELLECTUAL PROPERTY: "Intellectual Property" shall mean any and all inventions, discoveries, improvements, designs, processes, methods, formulae, techniques, know-how, data, computer programs, software, firmware, mask works, circuits, and all other works of authorship, whether or not patentable or copyrightable, conceived, reduced to practice, or developed by Receiving Party, either alone or jointly with others, during the term of this Agreement and related to the business or anticipated business of Disclosing Party.
ARTICLE II. NON-DISCLOSURE OBLIGATIONS
2.1 OBLIGATION OF CONFIDENTIALITY: Receiving Party acknowledges and agrees that it shall hold in strict confidence all Confidential Information of Disclosing Party. Receiving Party shall not, directly or indirectly, disclose, publish, or disseminate any Confidential Information to any third party without the prior written consent of Disclosing Party.
2.2 USE OF CONFIDENTIAL INFORMATION: Receiving Party shall use the Confidential Information solely for the purpose of [Specific Purpose of Engagement] and for no other purpose whatsoever. Any unauthorized use is strictly prohibited.
2.3 STANDARD OF CARE: Receiving Party shall take all reasonable measures to protect the secrecy of and avoid disclosure or unauthorized use of the Confidential Information, which measures shall be no less than the measures Receiving Party takes to protect its own highly confidential information.
2.4 EXCEPTIONS TO CONFIDENTIALITY: The obligations of confidentiality hereunder shall not apply to information that:
(a) Is or becomes publicly known through no fault of Receiving Party;
(b) Is rightfully received by Receiving Party from a third party without restriction on disclosure;
(c) Was known to Receiving Party prior to its disclosure by Disclosing Party, without breach of any obligation owed to Disclosing Party;
(d) Is independently developed by Receiving Party without use of or reference to the Confidential Information;
(e) Is required to be disclosed by law, regulation, or court order, provided that Receiving Party gives prompt written notice to Disclosing Party of such requirement prior to disclosure and cooperates with Disclosing Party in any attempt to obtain a protective order or other appropriate remedy.
ARTICLE III. INTELLECTUAL PROPERTY ASSIGNMENT
3.1 ASSIGNMENT OF INTELLECTUAL PROPERTY: Receiving Party hereby irrevocably assigns, transfers, and conveys to Disclosing Party, its successors, and assigns, all of Receiving Party's right, title, and interest in and to any and all Intellectual Property developed by Receiving Party during the term of this Agreement, including all patents, copyrights, trademarks, trade secrets, and other proprietary rights worldwide, whether now known or hereafter existing, and all applications and registrations for any of the foregoing.
3.2 FURTHER ASSURANCES: Receiving Party agrees to execute any and all further documents, including without limitation, applications for patents and copyrights, and to do all lawful things necessary or appropriate to perfect, confirm, and vest in Disclosing Party the entire right, title, and interest in and to the Intellectual Property assigned hereunder, both during and after the term of this Agreement, at Disclosing Party's expense.
3.3 WAIVER OF MORAL RIGHTS: To the extent legally permissible, Receiving Party hereby waives any and all moral rights, including rights of attribution and integrity, with respect to the Intellectual Property assigned to Disclosing Party.
3.4 PRE-EXISTING INTELLECTUAL PROPERTY: Receiving Party represents and warrants that it has not incorporated into the Intellectual Property, and will not incorporate into the Intellectual Property, any inventions or works of authorship in which it has an ownership interest or which belong to a third party, unless expressly agreed to in writing by Disclosing Party.
ARTICLE IV. TERM AND TERMINATION
4.1 TERM: This Agreement shall commence on the Effective Date and shall remain in full force and effect indefinitely unless terminated earlier in accordance with the provisions of this Agreement.
4.2 TERMINATION: Either party may terminate this Agreement upon [Number] days' written notice to the other party.
4.3 EFFECT OF TERMINATION: Upon termination of this Agreement, Receiving Party shall immediately cease all use of Confidential Information and shall, at Disclosing Party's election, either return to Disclosing Party or destroy all documents, materials, and other embodiments of Confidential Information, including all copies thereof, and certify such return or destruction in writing.
4.4 SURVIVAL: The obligations of Receiving Party under Article II (Non-Disclosure Obligations) and Article III (Intellectual Property Assignment) shall survive the termination or expiration of this Agreement indefinitely.
ARTICLE V. REPRESENTATIONS AND WARRANTIES
5.1 REPRESENTATIONS OF RECEIVING PARTY: Receiving Party represents and warrants that it has the full right and authority to enter into this Agreement and to perform its obligations hereunder, and that its performance will not violate any other agreement to which it is a party.
ARTICLE VI. INDEMNIFICATION
6.1 INDEMNIFICATION BY RECEIVING PARTY: Receiving Party shall indemnify, defend, and hold harmless Disclosing Party from and against any and all claims, liabilities, losses, damages, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with Receiving Party's breach of this Agreement, including but not limited to any unauthorized disclosure or use of Confidential Information or failure to assign Intellectual Property as required herein.
ARTICLE VII. GENERAL PROVISIONS
7.1 GOVERNING LAW: This Agreement shall be governed by and construed in accordance with the laws of the State of [State/Country], without regard to its conflict of laws principles.
7.2 JURISDICTION AND VENUE: The parties agree that any action or proceeding arising out of or relating to this Agreement shall be brought exclusively in the state or federal courts located in [County, State/Country], and the parties hereby consent to the personal jurisdiction and venue of such courts.
7.3 ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, of the parties.
7.4 AMENDMENTS: No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by duly authorized representatives of both parties.
7.5 SEVERABILITY: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect and the invalid or unenforceable provision shall be reformed to the extent necessary to make it valid and enforceable while preserving its intent.
7.6 NOTICES: All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified or registered mail, return receipt requested, or by reputable overnight courier service, to the addresses set forth above or to such other address as a party may designate by notice to the other party.
7.7 WAIVER: No waiver by either party of any breach of any provision of this Agreement shall be deemed a waiver of any subsequent or other breach, nor shall any delay or omission to exercise any right or remedy constitute a waiver of that or any other right or remedy.
7.8 ASSIGNMENT: Receiving Party may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of Disclosing Party. Disclosing Party may assign this Agreement in its sole discretion.
7.9 COUNTERPARTS: This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.
DISCLOSING PARTY:
By: ___
Name: [Name of Signatory]
Title: [Title of Signatory]
RECEIVING PARTY:
By: ___
Name: [Name of Signatory]
Title: [Title of Signatory/Individual]