This Confidentiality Agreement ("Agreement") is made and effective the 11/21/2008 by and between EditFast ("Owner") and ("Recipient").
1. Confidential Information.
Owner proposes to disclose certain of its confidential and proprietary information
(the "Confidential Information") to Recipient. Confidential Information shall
include all data, materials, products, technology, computer programs, specifications,
manuals, software, marketing plans, business plans, financial information,
and other information disclosed or submitted, orally, in writing, or by any
other media, to Recipient by Owner. Confidential Information disclosed orally
shall be identified as such within five (5) days of disclosure. Nothing herein
shall require Owner to disclose any of its information.
2. Recipient's Obligations.
A. Recipient agrees that the Confidential Information is to be considered
confidential and proprietary to Owner and Recipient shall hold the same in
confidence, shall not use the Confidential Information other than for the
purposes of its business with Owner, and shall disclose it only to its officers,
directors, or employees with a specific need to know. Recipient will not disclose,
publish or otherwise reveal any of the Confidential Information received from
Owner to any other party whatsoever except with the specific prior written
authorization of Owner.
B. Confidential Information furnished in tangible form shall not be
duplicated by Recipient except for purposes of this Agreement. Upon the request
of Owner, Recipient shall return all Confidential Information received in
written or tangible form, including copies, or reproductions or other media
containing such Confidential Information, within ten (10) days of such request.
At Recipient's option, any documents or other media developed by the Recipient
containing Confidential Information may be destroyed by Recipient. Recipient
shall provide a written certificate to Owner regarding destruction within
ten (10) days thereafter.
3. Term.
The obligations of Recipient herein shall be effective five years
from the date Owner last discloses any Confidential Information to Recipient
pursuant to this Agreement. Further, the obligation not to disclose shall
not be affected by bankruptcy, receivership, assignment, attachment or seizure
procedures, whether initiated by or against Recipient, nor by the rejection
of any agreement between Owner and Recipient, by a trustee of Recipient in
bankruptcy, or by the Recipient as a debtor-in-possession or the equivalent
of any of the foregoing under local law.
4. Other Information.
Recipient shall have no obligation under this Agreement with respect to
Confidential Information which is or becomes publicly available without breach
of this Agreement by Recipient; is rightfully received by Recipient without
obligations of confidentiality; or is developed by Recipient without breach
of this Agreement; provided, however, such Confidential Information shall
not be disclosed until thirty (30) days after written notice of intent to
disclose is given to Owner along with the asserted grounds for disclosure.
5. No License.
Nothing contained herein shall be construed as granting or conferring any
rights by license or otherwise in any Confidential Information. It is understood
and agreed that neither party solicits any change in the organization, business
practice, service or products of the other party, and that the disclosure
of Confidential Information shall not be construed as evidencing any intent
by a party to purchase any products or services of the other party nor as
an encouragement to expend funds in development or research efforts. Confidential
Information may pertain to prospective or unannounced products. Recipient
agrees not to use any Confidential Information as a basis upon which to develop
or have a third party develop a competing or similar product.
6. No Publicity.
Recipient agrees not to disclose its participation in this undertaking,
the existence or terms and conditions of the Agreement, or the fact that discussions
are being held with Owner.
7. Governing Law and Equitable Relief.
This Agreement shall be governed and construed in accordance with the laws
of the United States and Recipient
consents to the exclusive jurisdiction of the state courts and U.S. federal
courts located there for any dispute arising out of this Agreement. Recipient
agrees that in the event of any breach or threatened breach by Recipient,
Owner may obtain, in addition to any other legal remedies which may be available,
such equitable relief as may be necessary to protect Owner against any such
breach or threatened breach.
8. Final Agreement.
This Agreement terminates and supersedes all prior understandings or agreements
on the subject matter hereof. This Agreement may be modified only by a further
writing that is duly executed by both parties.
9. No Assignment.
Recipient may not assign this Agreement or any interest herein without Owner's
express prior written consent.
10. Severability.
If any term of this Agreement is held by a court of competent jurisdiction
to be invalid or unenforceable, then this Agreement, including all of the
remaining terms, will remain in full force and effect as if such invalid or
unenforceable term had never been included.
11. No Implied Waiver.
Either party's failure to insist in any one or more instances upon strict
performance by the other party of any of the terms of this Agreement shall
not be construed as a waiver of any continuing or subsequent failure to perform
or delay in performance of any term hereof.
12. Headings.
Headings used in this Agreement are provided for convenience only and shall
not be used to construe meaning or intent.
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of the above confidentiality agreement.