Florida Non-Disclosure Agreement
This Non-Disclosure Agreement (hereinafter referred to as the "Agreement") is entered into on this ______ day of __________, 20___ (the "Effective Date") by and between _________________________ (the "Disclosing Party"), whose address is ____________________________________, and _________________________ (the "Receiving Party"), whose address is ____________________________________, collectively known as the "Parties".
1. Purpose of the Agreement
The Receiving Party understands that the Disclosing Party has disclosed or may disclose information relating to _______________________________________________________________________, which to the extent previously, presently, or subsequently disclosed to the Receiving Party is hereinafter referred to as "Confidential Information" pursuant to the terms of this Agreement.
2. Definition of Confidential Information
For the purposes of this Agreement, "Confidential Information" refers to any data or information, oral or written, treated as confidential that relates to the Disclosing Party's business or financial affairs, proprietary information, technical data, trade secrets or know-how, including but not limited to, research, product plans, products, services, customer lists, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances or other business information disclosed directly or indirectly by the Disclosing Party. The term "Confidential Information" does not include information that:
- is or becomes public knowledge through no action or inaction of the Receiving Party;
- was in the Receiving Party's lawful possession prior to the disclosure and had not been obtained by the Receiving Party either directly or indirectly from the Disclosing Party;
- is lawfully disclosed to the Receiving Party by a third party without restriction on disclosure;
- is independently developed by the Receiving Party.
3. Obligations of the Receiving Party
The Receiving Party hereby agrees to hold the Confidential Information in strict confidence and to take all reasonable precautions to protect such Confidential Information (including, without limitation, all precautions the Receiving Party employs with respect to its most confidential materials). The Receiving Party agrees not to:
- divulge any Confidential Information or any information derived therefrom to any third party;
- make any use whatsoever at any time of such Confidential Information, except for the purpose of evaluating internal business decisions;
- copy or reverse engineer any such Confidential Information.
The Receiving Party shall protect the Confidential Information of the Disclosing Party in the same manner that it protects the confidentiality of its own proprietary and confidential information of like kind, but in no event shall any less than reasonable care be provided.
4. Term
This Agreement shall commence upon the Effective Date as first written above and shall continue in effect until __________ or until one of the Parties provides written notice to the other of its intention to terminate the Agreement.
5. Return of Confidential Information
Upon termination or expiration of this Agreement, the Receiving Party agrees to return all copies, whether in written, electronic, or other form or media, of the Confidential Information to the Disclosing Party or to destroy all such copies and certify in writing to the Disclosing Party that such actions have been taken.
6. No License
Nothing contained herein shall be construed as granting or conferring any rights by license or otherwise in any Confidential Information that is transferred under this Agreement.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of law principles.
8. Entire Agreement
This Agreement embodies the entire agreement and understanding between the Parties relating to the subject matter hereof and supersedes all prior agreements, representations, and understandings between the Parties relating to the subject matter hereof.
IN WITNESS WHEREOF, the Parties hereto have executed this Non-Disclosure Agreement as of the Effective Date first above written.
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Disclosing Party
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Receiving Party