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Participants: TechnoBusiness Solutions of 403
Christie Ct., Stewartsville, NJ 08886 USA, hereafter referred to as TBS
AND John Smith of 2960 New Products Road, Ventures, NJ 07777,
hereafter referred to as Recipient.
Purpose of
Disclosure:
Exchange certain business, technical and/or financial information in order
to determine the feasibility of establishing an operational business
arrangement between the parties.
Effective Date: February 32, 2021
1. TBS considers all
information presented by TBS to Recipient relative to a
__________________________________ (Intellectual Property, thereafter
"IP") confidential, proprietary and is shared solely for the
purpose expressed above. Data presented by Recipient to TBS will be
treated in a like manner.
2. In consideration
of the opportunity to receive such confidential information of the other,
each party agrees not to use such information except in support of the
stated purpose; and, not to disclose the information to a third party
without the prior written consent of the disclosing party. Each party
agrees to protect such information disclosed to it by the other party with
at least the same degree of care as it normally exercises to protect its
own confidential information of like character and importance for a period
of three (3) years.
3. To be considered
"confidential information" under the terms of this Agreement the
information must be (a) disclosed in written or other tangible form and
appropriately marked as confidential or proprietary or (b) disclosed orally
or visually, identified at the time of disclosure as being confidential and
summarized and submitted in writing within fourteen (14) days of the date
of the disclosure by the disclosing party. Such information must be
received by the receiving party within twelve (12) months from the date of
this agreement.
4. The obligations
implied by this agreement shall not apply to any information that:
a. is lawfully
known by the receiving party at the time of disclosure;
b. is or
becomes available to the general public through no fault of the receiving
party;
c. has been
independently developed by the receiving party prior to the disclosure by
the disclosing party;
d. is lawfully
received by the receiving party from a third party with no obligation of
confidentiality to the disclosing party;
e. is disclosed
by the receiving party free of restriction with the written approval of the
disclosing party;
f. is disclosed
by the disclosing party to a third party free of any restrictions;
In the case of
events (b), (c), (d), (e) and (f) above, the removal of the restriction
shall be effective only from the occurrence of the applicable event.
5. All materials
provided by either party under this agreement shall remain the property so
providing them and shall be returned to said party upon written request,
together with all notes, copies, samples, etc. submitted and generated
under the terms and conditions of this agreement.
6. Neither the
execution and delivery of this Agreement nor the disclosure of any
confidential information hereunder shall be construed as granting by
implication, estoppel, or otherwise any right in or license under any
present or future invention, trade secret, trademark, copyright, patent now
or hereafter owned or controlled by either party to, this agreement.
This Agreement
provides only for the handling and protecting of confidential information
of the parties concerned in order to enable them to carry on business and
technological discussions, and shall not be construed as or imply any
teaming, joint venture, or similar arrangement. The disclosure to
either party of such confidential information shall not result in any
obligation on the part of to enter into any other or further agreement or
arrangement.
7. Neither party is
obligated hereunder to furnish confidential information to the other party.
8. The Recipient
agrees to terminate any and all activities with any business entity except
those with TBS concerning the sale, licensing, joint venture, etc. of the
subject IP for three (3) months from the date of signing this Mutual
Confidential Disclosure Agreement with TBS. Upon expiration of said
period, the parties may voluntarily extend it by signing a new Mutual
Confidential Disclosure Agreement.
Such expiration
shall not affect any obligation imposed by this agreement with respect to
information received prior to such termination.
9. This agreement
shall be governed by the laws of the state of New Jersey.
10. This agreement
contains the entire understanding relative to the protection of the
confidential information covered by this Agreement and supersedes all other
prior and collateral communications, reports, and understandings, if any,
between the parties regarding such information. No additions or modifications
shall be binding unless in writing and signed by both parties. This
Agreement shall be controlling and shall apply in lieu of the terms or
provisions stated in forms, documents, or legends that either party
hereafter may deliver to the other with respect to any confidential
information provided.
AGREED
BY: Costas B.
Chantzis, President of TechnoBusiness Solutions(tm)
Signature:___________________________________________
Date:_________________
BY: Recipient's Name
__________________________________
Signature:___________________________________________
Date:_________________
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Your
Next Step Before Contacting Us
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If you are able to
satisfy our requirements which are listed here
and you agree with the terms of this agreement, then please visit thissite
location andprovide
us with answers to the listed questions.
Note: Any mailed materials to us
will not be returned unless you a) clearly specify so and b) provide us
with sufficient funds via a money order to cover the shipping and handling
expenses.
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