PATENT / INVENTION NON-DISCLOSURE AGREEMENT
I. THE PARTIES. This Patent/Invention Non-Disclosure Agreement, hereinafter known
as the “Agreement”, is created on this ____ day of ___________________, 20____,
between ___________________, hereinafter known as the “Disclosing Party”, and
___________________, hereinafter known as the “Receiving Party”.
The Disclosing Party and Receiving Party wish to discuss and exchange certain items
and information related to business programs, products, applications, systems,
components, technologies, and business topics (the “Invention”) which the parties
hereto consider highly confidential and proprietary.
NOW THEREFORE, the parties hereto, intending to be legally bound in consideration of
the mutual covenants and agreements set forth herein, hereby agree as follows:
II. TERMS & DEFINITIONS.
a. “Invention” shall mean all information relating to business programs, products,
applications, systems, components, technologies, and business topics.
b. “Confidential Information” shall mean all information provided by Disclosing
Party with respect to the Invention regardless of whether it is written, oral, audio
tapes, video tapes, computer discs, machines, prototypes, designs,
specifications, articles of manufacture, drawings, human or machine-readable
documents. Confidential Information shall also include all information related to
the Invention provided by Disclosing Party to Receiving Party prior to the signing
of this Agreement. Confidential Information shall not include any of the following:
1. such information in the public domain at the time of the disclosure, or
subsequently comes within the public domain without fault of the
Receiving Party;
2. such information which was in the possession of Receiving Party at the
time of disclosure that may be demonstrated by business records of
Receiving Party and was not acquired, directly or indirectly, from
Disclosing Party; or
3. such information which Receiving Party acquired after the time of
disclosure from a third party who did not require Receiving Party to hold
the same in confidence and who did not acquire such technical
information from Disclosing Party.
c. “Disclosing Party” shall mean the party disclosing information to the other
relating to the Invention.
d. “Receiving Party” shall mean the party receiving information from the other
relating to the Invention.