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The Parties agree to ensure that all copyright products, such as source codes, system design
data/architecture, and other proprietary information, disclosed during the engagement is protected from any
misuse, alteration, modification, sharing, or transfer to any party without express permission of the Discloser.
Such data is provided for the sole use of the Parties, and limited for the use under this agreement.
4.
Obligations of Receiving Party.
a.
No Use.
The Receiving Party agrees not to use the Confidential Information in any way, or
to manufacture or test any product embodying Confidential Information, except for the
purpose set forth above.
b.
No Disclosure.
The Receiving Party agrees to use the same degree of protection it uses for
its own trade secret information, and in no event less than reasonable efforts, to prevent and
protect the Confidential Information, or any part thereof, from disclosure to any person other
WhaQ Whe ReceiYiQg PaUW\¶V ePSlR\eeV haYiQg a Qeed fRU diVclRVXUe iQ cRQQecWiRQ ZiWh Whe
ReceiYiQg PaUW\¶V aXWhRUi]ed XVe Rf Whe CRQfideQWial IQfRUPaWiRQ.
c. Protection of Secrecy.
The Receiving Party agrees to take all steps reasonably within its
control to protect the secrecy of the Confidential Information, and to prevent the
Confidential Information from falling into the public domain or into the possession of
unauthorized persons.
d. No Duplication.
The Receiving Party shall not duplicate Confidential Information furnished
in tangible form except for purposes of this Agreement.
e. Return of Information.
on a Party's request, the other Party shall return all Confidential
Information of the requesting Party, except for that portion of such Confidential Information
that may be found in analyses prepared by, or for, the returning Party (collectively,
³Analyses´), aQd Whe UeWXUQiQg PaUW\ aQd iWV ReSUeVeQWaWiYeV Vhall QRW UeWaiQ aQ\ cRSieV Rf
such Confidential Information except the returning Party may retain one copy of the
CRQfideQWial IQfRUPaWiRQ aV Qeeded WR cRPSl\ ZiWh aSSlicable laZ aQd/RU UeWXUQiQg PaUW\¶V
record retention policies.
The Confidential Information retained by the returning Party, the
portion of Confidential Information that may be found in Analyses prepared by, or for, the
returning Party, and any Confidential Information furnished by the requesting Party not so
requested or returned, will be held by the returning Party and kept subject to the terms of this
Agreement or destroyed.
5.
Limits on Confidential Information.
The obligations and restrictions imposed by this Agreement
will not apply to any information that:
Revised January 29th, 2019
4
a.
The Recipient can demonstrate was already known to the Recipient prior to the disclosure
by the Discloser; or,
b. has become publicly known through no wrongful act of the Recipient; or,
c. was received by the Recipient without breach of this Agreement from a third party without
restriction as to the use and disclosure of the DiVclRVeU¶V Confidential Information; or,
d. was independently developed by the Recipient without use of the DiVclRVeU¶V Confidential
Information; or
e. was ordered to be publicly released by the requirement of a government agency.
In this
regard, the Parties understand that the Discloser iV VXbjecW WR FlRUida¶V PXblic RecRUdV AcW,
Chapter 119, Florida Statutes, and that section 1004.22, Florida Statutes, provides limited
protection of documents received by the Discloser.
6.
Compelled Disclosure of Confidential Information.
a.
The Recipient may disclose Confidential Information pursuant to any governmental, judicial,
or administrative order, subpoena, discovery request, regulatory request or similar method,
provided that the Recipient promptly notifies, to the extent practicable.
b.
The Recipient agrees that it shall not oppose and shall cooperate with efforts by, to the extent
practicable, with respect to any such request for a protective order or other relief to preserve
the confidentiality of the Confidential Information.
c. Notwithstanding the foregoing, if the Discloser is unable to obtain or does not seek a
protective order and the Recipient is legally requested or required to disclose such
Confidential Information, disclosure of such Confidential Information may be made without
liability.
7.
Term.
a.
This Agreement shall remain in effect for a two-year term (subject to a one year
extension if the parties are still discussing and considering the Transaction at the end of the
second year) or the term of the contract, whichever is greater.
b. NRWZiWhVWaQdiQg Whe fRUegRiQg, Whe SaUWieV¶ dXW\ WR hRld iQ cRQfideQce Confidential
Information that was disclosed during term shall remain in effect indefinitely.
8.
Remedies.
a.
The Parties acknowledge that the Confidential Information is of a unique and valuable
character, and that the unauthorized dissemination of the Confidential Information could
cause irreparable harm to the Party and the general public.
b.
Therefore, the Parties shall be entitled to injunctive relief preventing the dissemination of
any Confidential Information in violation of the terms hereof.
Such injunctive relief shall be
in addition to any other remedies available hereunder, whether at law or in equity.
c. The Discloser shall be entitled to recover its cRVWV aQd feeV, iQclXdiQg UeaVRQable aWWRUQe\V¶
fees, incurred in obtaining any such relief.