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CONFIDENTIAL DISCLOSURE AGREEMENT FOR STRATEGIC MATTERS |
This Confidential Disclosure Agreement (“Agreement”) is entered into as of the effective |
date listed below (“Effective Date”) by Oracle Corporation (“Oracle”) located at 500 Oracle |
Parkway, Redwood City, California 94065 and the company designated below (“Company”). |
Oracle and |
the Company are entering into discussions concerning a possible strategic transaction |
(the “Transaction”). |
The parties expect to make available to one another certain non-public, |
confidential and/or proprietary information, both oral and written, which may include information |
concerning their respective business prospects and plans, financial condition, technology, |
customers, know-how, trade secrets, operations, assets and liabilities (collectively, the |
“Evaluation Material”). |
As a condition to each party furnishing the Evaluation Material to the |
other party and the directors, officers, employees, agents or advisors of such party or its |
subsidiaries (collectively, “Representatives”), each party |
agrees that the Evaluation Material |
furnished to it hereunder shall be treated as confidential subject to |
the terms of this Agreement. |
1. |
Evaluation Material. |
“Evaluation Material” also includes notes, analyses, |
compilations, studies, plans, interpretations or other documents prepared |
by the receiving party or its Representatives which contain or are based |
upon the Evaluation Material furnished to such party hereunder. |
The term |
“Evaluation Material” does not include information that (i) is or becomes a |
matter of public knowledge through no fault of the receiving party; (ii) is or |
becomes available to the receiving party from a source other than the |
disclosing party or any of its Representatives, provided that such source |
was not known or reasonably should be known by the receiving party to be |
bound by a duty of confidentiality with respect to such information; (iii) is |
disclosed by the disclosing party to a third party without a duty of |
confidentiality; (iv) is independently developed by the receiving party |
without use of the Evaluation Material; or (v) is disclosed under operation |
of law. |
2. |
Non-Disclosure/Security/Use. |
Each party agrees that, without the prior |
written consent of the other party, neither it nor its Representatives will |
disclose to any other person any of the other party’s Evaluation Material, |
the fact that discussions between the parties are taking place concerning |
the Transaction, or any terms or other facts relating to the Transaction and |
will use such Evaluation Materials only for the purpose of evaluating a |
Transaction. |
Each party agrees to use reasonable measures to protect |
against the loss, theft or unauthorized use of the Evaluation Materials. |
3. |
Personally Identifiable Information. |
The Evaluation Materials may |
include human resources data and/or other information that serves to |
identify one or more individuals (“PII”). |
The receiving party agrees to notify |
the disclosing party of any request received by the receiving party for |
access, correction, amendment or redaction of any PII. |
The disclosing |
party shall be responsible for compliance with all such requests. |
The |
receiving party also agrees to notify the disclosing party of any actual or |
suspected improper acquisition of PII of which the receiving party becomes |
aware. |
4. |
Residuals. |
Nothing in this Agreement shall be construed to limit either |
party’s ability to use “residuals” relating to the Evaluation Material of the |
other party. |
The term “residuals” shall mean information included in the |
Evaluation Material in nontangible form (i.e., not written or other |
documentary form, including tape or disk), which is incidentally retained in |
the memories of employees of either party who have had access to the |
Evaluation Material, including ideas, know-how, or techniques contained |
therein, and where the source of the Evaluation Material has become |
remote (e.g., as a result of the passage of time or the employee’s |
subsequent exposure to information of a similar nature from other sources) |
that the employee in good faith believes that it is not Evaluation Material. |
Neither party shall have any obligation to limit or restrict the assignment of |
its employees or to pay royalties to the other party in connection with any |
use of residuals. |
5. |
Independent Development. |
Nothing in this Agreement shall be |
construed to limit or preclude either party from developing, using, |
marketing, licensing, and/or selling any independently developed software, |
technology or other materials similar or related to the Evaluation Material |
without otherwise violating this Agreement. |
6. |
Required Disclosure. |
In the event that a party or its Representatives is |
required by Law, rule or stock exchange regulation to disclose any of the |
other party’s Evaluation Material or the fact that discussions between the |
parties are taking place concerning the Transaction, the party required to |
make such disclosure shall, to the extent practicable, provide the other |
party with prior written notice of any such requirement so that the other |
party may seek a protective order or other appropriate remedy and/or |
waive compliance with the provisions of this Agreement. |
In the event |
that |