MUTUAL
NONDISCLOSURE AGREEMENT
This
Mutual Nondisclosure Agreement (the “Agreement”) is made effective as of
_____________, 200__ between [Company 1] and [Company 2].
1. Definitions. “Confidential Information” means all (a) written information
disclosed by one party (the “Disclosing Party”) to the other (the “Receiving
Party”) marked “confidential” or with a similar legend, or (b) oral information
identified as confidential when disclosed to the Receiving Party and thereafter
summarized in a writing marked “confidential” sent to the Receiving Party
within 10 days of disclosure. The
disclosure “Purpose” is ____________________ (if the foregoing is blank, the
Purpose is to evaluate the desirability of a commercial relationship between
the parties).
2. Restrictions. For 3 years following the date the Disclosing Party discloses a
Confidential Information item, the Receiving Party: (a) may disclose the item
only to employees who need to know; (b) shall not disclose the item to any
third party, except to the extent disclosure is compelled by law; (c) may use
the item only for the Purpose; (d) shall not reproduce the item; (e) shall not
reverse engineer, decompile, or disassemble any disclosed software; and (f)
shall not directly or indirectly export the item in violation of the law.
3. Exclusions. Sections 2(a)-(d) do not apply to a Confidential Information item
which: (a) is or becomes generally known through no action or failure to act by
the Receiving Party; (b) the Receiving Party knows at the time of disclosure;
(c) a third party legitimately discloses to the Receiving Party; or (d) the
Receiving Party independently develops without using the other party’s
Confidential Information.
4. Ownership. All Confidential Information remains the Disclosing Party’s
property and, upon the Disclosing Party’s written request, shall be returned or
destroyed. This Agreement does not
grant any licenses (expressly, by implication, by estoppel or otherwise) to
trademarks, copyrights or patents.
5. Equitable Remedies. The parties acknowledge that monetary damages may not adequately
remedy an unauthorized use or disclosure of Confidential Information, and each
party may (without waiving any other rights or remedies) seek injunctive or
equitable relief to remedy such a breach.
6. General. This Agreement is governed by _______ law excluding its conflicts
of laws principles. This Agreement is
the entire agreement, and supersedes all prior or contemporaneous oral or
written agreements and understandings, between the parties regarding its subject
matter. The Agreement may be changed
only by a writing signed by both parties.
If any provision is unenforceable, that provision shall be severed and
the other provisions shall continue in full force and effect.
[Company
Name] [Company
Name]
[Company
Address] [Company
Address]
By:
By:
Title:
Title: