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1.
IDENTIFICATION OF INFORMATION
1.1
Written
The disclosing party will identify all written information
provided under this Agreement, regardless of the media on which it is contained, by including or affixing a legend
stating that the information is confidential and proprietary information of the disclosing party and/or its suppliers prior
to disclosure to the receiving party. Samples and prototypes will be considered written information for purposes of this
agreement.
1.1 Verbal
Information
verbally communicated by the disclosing party to the receiving party under this Agreement will be verbally identified as
being confidential and proprietary information of the disclosing party and /or its suppliers prior to or
simultaneous with disclosure to the receiving party.
2.
OBLIGATIONS OF CONFIDENTIALITY
2.1
Any information disclosed by either party to the other party will remain the property of the disclosing party and/or its
suppliers. No license rights are granted of to the receiving party, directly or indirectly, to use the Information
disclosed under this Agreement for any purpose other than for the Purpose stated herein.
2.2
Any information disclosed by either party to the other party will only be made available to employees, agents, or
consultants of the receiving party who have a need to know and who have agreed in writing to abide by the terms and
conditions of the Agreement prior to disclosure.
2.3
The receiving party will not reproduce the information provided under this Agreement in any manner or for any purpose
without the prior written authorization of the disclosing party except as stated herein.
2.4
The receiving party will immediately notify the disclosing party of any disclosure, inquiry, or demand made by any third
party regarding the information.
2.5
The receiving party will protect the information provided under this Agreement by taking all necessary and reasonable
precautions to prevent unauthorized disclosure for a period of three (3) years from the date of disclosure.
3.
EXCEPTIONS TO OBLIGATIONS
3.1
The receiving party will not be liable under this Agreement for disclosure of information under the following
circumstances:
3.2
The information required to be disclosed by judicial or governmental action after all available legal remedies to
maintain the confidentiality of the information has been exhausted;
3.3
The information is made public through no fault of the receiving party;
3.4
The information was known to the receiving party prior to disclosure by the disclosing party and the receiving party
provides written notice to the disclosing party to that effect any time after disclosure;
3.5
The information is independently developed by the receiving party subsequent to disclosure by the disclosing party.
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