Confidential
Disclosure Agreement
This Agreement is between ___________________________________________,
hereinafter called “Recipient”, and ____________________________________________,
hereinafter called “Owner”.
WHEREAS Owner possesses certain confidential information concerning:
______________________________________________________________________
______________________________________________________________________
________________________________________________________________________;
and
(Describe
subject matter of information)
WHEREAS Recipient is desirous of obtaining said confidential information
for purposes of evaluation thereof and as a basis for further discussions with
Owner regarding assistance with development of the confidential information for
the benefit of Owner or for the mutual benefit of Owner and Recipient;
THEREFORE, Recipient hereby agrees to receive the information in
confidence and to treat it as confidential for all purposes. Recipient will not
divulge or use in any manner any of said confidential information unless by
written consent from Owner, and Recipient will use at least the same efforts it
regularly employs for it’s own confidential information to avoid disclosure to
others.
Provided, however, that this obligation to treat information
confidentially will not apply to any information already in Recipient’s
possession or to any information that is generally available to the public or
becomes generally available through no act or influence of Recipient. Recipient
will inform Owner of the public nature or Recipient’s possession of the
information without delay after Owner’s disclosure thereof or will be stopped
from asserting such as defense to remedy under this agreement.
Recipient will exercise it’s best efforts to conduct it’s evaluation
within a reasonable time after Owner’s disclosure and will provide Owner with
it’s assessment thereof without delay. Recipient will return all information,
including all copies thereof, to Owner upon request. This agreement shall remain
in effect for ten years after the date of it’s execution, and it shall be
construed under the laws of the State of Texas.
___________________
_____________________________________
(Date)
(Recipient)
By:__________________________________
(Name
& title of person signing)
___________________
_____________________________________
(Date) (Owner)