mutual nondisclosure agreement - oak · web view– confidential – mutual...

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– Confidential – MUTUAL NONDISCLOSURE AGREEMENT This Mutual Nondisclosure Agreement (“NDA”) is made as of DATE (“Effective Date”) between COMPANY, address and Oak Ridge Associated Universities, Inc. (ORAU), 100 ORAU Way, Oak Ridge, TN 37830. 1. BUSINESS PURPOSE: In order to enable the parties to discuss and evaluate each other’s products, information, technology, and research and development, and to discuss and evaluate potential business relationships between the parties (the Business Purpose”), each party or its affiliates, parent companies, subsidiaries, divisions or related companies (collectively, the “Disclosing Party”) may disclose to the other party or its affiliates, parent companies, subsidiaries, divisions or related companies (collectively, the “Receiving Party”) certain Confidential Information (as defined in Section 2) of such party to be used only for the Business Purpose, and the Receiving Party agrees to protect such information from unauthorized use and disclosure. In consideration of each party’s disclosure of such information, each party agrees to be bound by the terms of this NDA. 2. INFORMATION COVERED: This NDA will apply to all information disclosed by either the Disclosing Party (or on the Disclosing Party’s behalf) or the Receiving Party, whether directly or indirectly, in writing, orally, electronically or by drawings or inspection of equipment, products, facilities, software or other property of either party, including, but not limited to: (a) any information, regardless of form, proprietary to, or maintained in confidence by either party, including, without limitation, any information, patents, patent applications, technical data or know-how relating to products, formulations, manufacturing, discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, studies, analyses, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or products under consideration, procedures, sales data, and information related to finances, costs, prices, suppliers, vendors, licensors, licensees, business partners, customers, consumers and employees; and (b) any other information marked as confidential or, if not marked in writing, identified as confidential at the time of disclosure (collectively, Confidential Information”). All services performed by one party for the other, the results of such services and other such work product shall be considered Confidential Information of the party on whose behalf the services are being performed. In the event that a Receiving Party views information as non-confidential that was provided by a Disclosing Party, the Receiving Party shall obtain confirmation from the Disclosing Party in writing that such information was non- confidential before disclosing any such information further. 3. OBLIGATIONS: The parties agree that: (a) all parties will treat all Confidential Information with the same degree of care as they accord to their own confidential information, but in no case less than reasonable care; (b) neither party will use, disseminate, or in any way disclose any Confidential Information, except to its personnel or authorized representatives to the extent necessary for the Business Purpose, and for any other purpose the Disclosing Party may hereafter authorize, provided that all such persons shall have agreed in writing to be bound by terms and conditions NDA-ORAU- COMPANY NAME Page 1 of 4 – Rev. 5/2012

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Page 1: MUTUAL NONDISCLOSURE AGREEMENT - Oak · Web view– Confidential – MUTUAL NONDISCLOSURE AGREEMENT NDA ORAU Company Name Page 3 of 3 – Rev. 5/2012 NDA-ORAU-COMPANY NAME Page 1 of

– Confidential –MUTUAL NONDISCLOSURE   AGREEMENT

This Mutual Nondisclosure Agreement (“NDA”) is made as of DATE (“Effective Date”) between COMPANY, address and Oak Ridge Associated Universities, Inc. (ORAU), 100 ORAU Way, Oak Ridge, TN 37830.

1. BUSINESS PURPOSE: In order to enable the parties to discuss and evaluate each other’s products, information, technology, and research and development, and to discuss and evaluate potential business relationships between the parties (the “Business Purpose”), each party or its affiliates, parent companies, subsidiaries, divisions or related companies (collectively, the “Disclosing Party”) may disclose to the other party or its affiliates, parent companies, subsidiaries, divisions or related companies (collectively, the “Receiving Party”) certain Confidential Information (as defined in Section 2) of such party to be used only for the Business Purpose, and the Receiving Party agrees to protect such information from unauthorized use and disclosure. In consideration of each party’s disclosure of such information, each party agrees to be bound by the terms of this NDA.

2. INFORMATION COVERED: This NDA will apply to all information disclosed by either the Disclosing Party (or on the Disclosing Party’s behalf) or the Receiving Party, whether directly or indirectly, in writing, orally, electronically or by drawings or inspection of equipment, products, facilities, software or other property of either party, including, but not limited to: (a) any information, regardless of form, proprietary to, or maintained in confidence by either party, including, without limitation, any information, patents, patent applications, technical data or know-how relating to products, formulations, manufacturing, discoveries, ideas, inventions, concepts, software, equipment, designs, drawings, specifications, techniques, processes, systems, models, data, source code, object code, documentation, diagrams, flow charts, research, development, studies, analyses, business plans or opportunities, business strategies, marketing plans or opportunities, marketing strategies, future projects or products, projects or products under consideration, procedures, sales data, and information related to finances, costs, prices, suppliers, vendors, licensors, licensees, business partners, customers, consumers and employees; and (b) any other information marked as confidential or, if not marked in writing, identified as confidential at the time of disclosure (collectively, “Confidential Information”). All services performed by one party for the other, the results of such services and other such work product shall be considered Confidential Information of the party on whose behalf the services are being performed. In the event that a Receiving Party views information as non-confidential that was provided by a Disclosing Party, the Receiving Party shall obtain confirmation from the Disclosing Party in writing that such information was non-confidential before disclosing any such information further.

3. OBLIGATIONS: The parties agree that: (a) all parties will treat all Confidential Information with the same degree of care as they accord to their own confidential information, but in no case less than reasonable care; (b) neither party will use, disseminate, or in any way disclose any Confidential Information, except to its personnel or authorized representatives to the extent necessary for the Business Purpose, and for any other purpose the Disclosing Party may hereafter authorize, provided that all such persons shall have agreed in writing to be bound by terms and conditions substantially similar to, and no less restrictive with respect to limitations on use and disclosure than, those of this NDA; and (c) the Receiving Party will deliver to the Disclosing Party, in accordance with any request from the Disclosing Party, all tangible embodiments of Confidential Information including copies, notes, packages, pictures, diagrams, computer memory media, and all other materials reflecting or containing Confidential Information, or provide assurances of the permanent destruction of all tangible embodiments thereof.

NDA-ORAU-COMPANY NAME Page 1 of 4 – Rev. 5/2012

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This Section 3 shall survive termination of this NDA for any reason.

4. TERM; TERMINATION: This NDA is effective as of the Effective Date indicated above and may be terminated by either party by providing thirty (30) days prior written notice to the other party. The provisions of this NDA shall remain in full force and effect with respect to Confidential Information previously disclosed by either party in perpetuity as to the obligations of Section 3 with regard to return or destruction.

5. INFORMATION NOT COVERED: Neither party will have any obligation with respect to any portion of either party’s Confidential Information that: (a) is now, or hereafter becomes, through no act or failure to act, generally known or available to the public; (b) was acquired by either party from a third party before receiving such information from either party and without restriction as to use or disclosure; (c) is hereafter rightfully furnished to either party by a third party, without restriction as to use or disclosure; (d) is information which either party can document was independently developed by it or on its behalf without reference to either party’s Confidential Information received pursuant to this NDA; or (e) is disclosed with the prior written consent of either party. Either party may disclose Confidential Information pursuant to the requirements of a governmental agency or by operation of law, provided that the party that discloses Confidential Information: (x) gives the other party reasonable advance notice sufficient for the other party to contest such requirement of disclosure; (y) takes all reasonable and lawful actions to avoid and/or minimize the extent of such disclosure; and (z) cooperates with the other party, at the other party’s cost, if the other party wishes to seek a protective order.

6. NO OBLIGATION: Nothing contained in this NDA shall be construed to obligate in any way either party to disclose information or to enter into any transaction whatsoever.

7. NO LICENSE GRANTED: Nothing in this NDA shall be construed to imply the grant of any license to the Receiving Party to make, use or sell, or otherwise commercialize any portion of any Confidential Information. In the event the Receiving Party desires to make, use, or sell or otherwise commercialize any portion of any Confidential Information, the terms and conditions of said commercialization shall be governed by a separately and subsequently negotiated agreement.

8. WARRANTY EXCLUSION: All parties expressly recognize that Confidential Information is provided “AS IS.” ALL PARTIES ACKNOWLEDGE THAT THE DISCLOSING PARTY MAKES NO WARRANTIES, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE

WITH RESPECT TO CONFIDENTIAL INFORMATION, AND EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES.

9. INJUNCTIVE RELIEF: All parties acknowledge that the unauthorized disclosure or use of either party’s Confidential Information may cause irreparable harm and significant injury, the degree of which may be difficult to ascertain. Accordingly, all parties agree that the other party will have the right to seek an immediate injunction enjoining any breach of this NDA, as well as the right to pursue any and all other rights and remedies available at law or in equity for such a breach.

10. COMPLIANCE WITH TECHNOLOGY TRANSFER REGULATIONS: All parties will at all times comply with all applicable laws, rules and technology transfer regulations and will not knowingly export or re-export, directly or indirectly through either party’s affiliates, licensees, or subsidiaries, any portion of Confidential Information provided under this NDA or under any ancillary agreements to this NDA in violation of any portion of any applicable export rules or regulations.

11. ASSIGNMENT: Neither party may assign, delegate or transfer any of its rights or obligations in this NDA without the prior written consent of the other party. Any such unauthorized assignment or transfer shall be void. All covenants and agreements in this NDA shall inure to the benefit of, and be binding upon, the parties, their successors and permitted assigns.

12. CHOICE OF LAW: This NDA will be construed, interpreted, and applied in accordance with the laws of the State of Tennessee, United States of America, without regard to the conflicts of law principles thereof.

13. NOTICE: Any notice or communication required or permitted to be given pursuant to this NDA may be delivered by hand, deposited with an overnight courier, confirmed facsimile, or mailed by registered or certified mail, return receipt requested, postage prepaid, in each case to the address of the recipient as listed in the opening paragraph of this NDA or at such other address as may hereafter be furnished in writing by either party to the other party. Such notice will be deemed to have been given as of the date it is delivered, mailed, faxed or sent, whichever is earlier.

14. ENTIRE AGREEMENT: This NDA is the complete and exclusive statement regarding the subject matter of this NDA and supersedes all prior agreements, understandings and communications, oral or written, between the parties regarding the subject matter of this NDA; provided, however, that any and all other written agreements or provisions of agreements between the parties (or their respective predecessors, affiliates,

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subsidiaries) that relate to confidential information or trade secrets shall remain in full force and effect. Any amendment to or modification of this NDA, or any waiver of any provision of this NDA, shall be in writing and signed by all parties. Any waiver by either party of any provision of this NDA shall not operate or be construed as a waiver of any subsequent breach of such provision or any other provision of this NDA.

15. COUNTERPARTS AND FAX SIGNATURES: This NDA may be executed by the parties hereto in separate

counterparts, each of which when so executed and delivered shall be an original, and all of which shall together constitute one and the same instrument. This NDA may be executed and delivered by facsimile signatures.

NDA ORAU Company Name Page 3 of 4 – Rev. 5/2012

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IN WITNESS WHEREOF, each of the parties hereto has executed this NDA by its duly authorized officer or representative.

COMPANY NAME

Signature: __________________________________ (Authorized)

Printed Name: Name

Title: Title

Oak Ridge Associated Universities, Inc.

Signature: __________________________________ (Authorized)

Printed Name: Jamey Kennedy

Title: Vice President, Business Development

All parties agree to accept electronic copies of signed documents instead of original pen and ink signatures.

NDA ORAU Company Name Page 4 of 4 – Rev. 5/2012