Example:

 

CONFIDENTIAL DISCLOSURE AGREEMENT

WHEREAS, ___________________________ is desirous of disclosing certain confidential information relating to ____________________________ (The Invention); and

WHEREAS, ___________________________ ( ____________ ) is interested in considering such confidential information for purposes of determining its interest in The Invention;

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the parties agree as follows:

1) All information disclosed by ___________________________ to ___________________________, and/or its agents, shall remain the property of ___________________________;

2) ___________________________ shall use the information for purposes of evaluation and a determination of their interest in The Invention and shall not disclose the information of any part thereof to any other person, firm or corporation, and shall restrict circulation of the information within its own organization, except to the extent necessary to fulfill its evaluation.

___________________________ shall release ___________________________ from the obligations of this Agreement to the extent that any of the confidential information falls into any of the following categories:

a) The disclosure is or becomes part of the public domain;
b) The disclosure was known to ___________________________ prior to the disclosure by ___________________________; and
c) The disclosure is subsequently rightfully received by ___________________________ from a third part.

All documents and samples furnished by ___________________________ to ___________________________ shall remain in the property of ___________________________ and shall be returned to ___________________________ upon request. No copies or reproductions of any of the disclosed materials and/or prototype samples shall be made without the expressed permission in advance of ___________________________.

It is emphasized that this Agreement relates to the confidential disclosure of The Invention identified above and which is considered to be confidential proprietary property of ___________________________ and it is agreed by the parties hereto, except as otherwise provided herein, that such confidentiality shall be maintained by ___________________________.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed, which in the case of ___________________________ is a duly authorized officer, on this ___________ day of ______________________.

___________________________________
By:
Title:

___________________________________
By:
Title:

 

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