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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. |