[The Confidential Information shall be received and maintained by the Recipient in strict confidence and shall not be disclosed by the Recipient in any manner whatsoever, in whole or in part, to third parties except as provided herein or with the prior written consent of the Disclosing Party. The Confidential Information and all rights to it disclosed to the Recipient shall be considered the exclusive property of the Disclosing Party. The Recipient shall take all reasonable efforts to protect the Confidential Information from disclosure to anyone other than its employees who have a need to know, using at least the same degree of care as the Receipt uses with its own valuable proprietary information. In addition, the Parties shall not disclose or intimate to any third party that the Subject Matter is under discussion between the Parties. (c) The Recipient shall not directly or indirectly use the other Party’s Confidential Information for any purpose other then evaluating the Subject Matter. The Recipient shall not copy the Confidential Information without the prior written approval of the Disclosing Party, except for copies required by the Recipient for its internal evaluation of the Subject Matter. All copies shall contain the same proprietary and confidential notices and legends that appear on the original Confidential Information. (d) The Recipient shall either (i) promptly deliver to Disclosing Party, or (ii) promptly destroy and confirm such destruction of, all Confidential Information received by the Recipient hereunder or copies made by the Recipient, which Confidential Information is contained in documents, media or other tangible form, upon written notice from Disclosing Party requesting the delivery thereof at any time during the term of this Agreement or within three 3 months after termination or expiration of this Agreement. Any oral Information shall remain subject to the terms of this Agreement. (e) The Recipient may reveal and communicate the Confidential Information only to those of its employees and Representatives, who need to know the Confidential Information in order to evaluate the Subject Matter involving the business, and only when and to the extent necessary for such purpose. The Recipient shall inform all its employees and Representatives to whom the Confidential Information may be disclosed or made available of the interest of the Disclosing Party therein and of the obligations of Recipient with respect thereto and take all such actions, legal or otherwise, necessary to prevent any disclosure of the Confidential Information by any of its employees, officers and directors and its Representatives. For avoidance of doubt, the Recipient shall be responsible for any breach of this Agreement caused or facilitated by its Representatives or Affiliates, directors, officers or employees. (f) If the Recipient or any of its Representatives becomes compelled by legal process to disclose any of the Confidential Information, they must provide Disclosing Party with prompt prior written notice thereof so that Disclosing Party may seek a protective order (or other appropriate remedy) or waive compliance with this Agreement. If such protective order or other remedy is not obtained, or Disclosing Party waives compliance with the provisions of this Agreement, Recipient may furnish only that portion of the Confidential Information as advised by written opinion of counsel to be legally required and Recipient must use its best efforts to obtain reasonable assurances that confidential treatment will be accorded to the Confidential Information. 3. Exclusions. This Agreement shall not apply and the Recipient has no obligation with respect to any information which: (a) the Recipient can demonstrate was known to it without restriction prior to receipt thereof from the Disclosing Party as evidenced by documentary evidence dated prior to such receipt; or (b) is or becomes publicly available other than by violation of this Agreement by the Recipient or its employees or Representatives; or (c) becomes available to the Recipient on a nonconfidential basis from a source other than the Disclosing Party and which is entitled to disclose it; or (d) is independently developed by the Recipient provided that the Recipient can demonstrate that such development was carried out by the Recipient without access to the Confidential Information; or (e) is disclosed with the prior written consent of the Disclosing Party. 4. Term; Termination. This Agreement shall become effective when duly signed by the Parties and shall remain effective until terminated by either Party hereto. Either Party may terminate this Agreement at any time by giving written notice to the other Party, at least thirty (30) days prior to the termination date. However, the obligations contained in this Agreement with respect to any Confidential Information shall continue for a period of fifteen (15) years from the date on which the termination is effective, and such obligation shall survive any termination of this Agreement. 5. Remedies. In case of any breach by the Recipient of the confidentiality or non-use obligations set forth herein the Disclosing Party shall be entitled to claim in full all and any damages from the Recipient and to apply to any court of competent jurisdiction for the purpose thereof. The Disclosing Party and the Recipient acknowledge that any disclosure or misappropriation of Confidential Information by the other in violation of this Agreement could cause the other or its Affiliates irreparable harm, the amount of which may be extremely difficult to estimate, thus making any remedy at law or in damages inadequate. Therefore the Disclosing Party and the Recipient agree that the non-breaching Party shall have the right to apply to any court of competent jurisdiction for a restraining order or an injunction restraining or enjoining any breach or threatened breach of this Agreement and for any other equitable relief that such non-breaching Party deems appropriate. This right shall be in addition to any other remedy available to the Parties in law or equity. 6. Miscellaneous. (a) No License, Rights, Title or Interest. Disclosing Party does not hereby grant to Recipient, and nothing contained herein shall obligate or be construed to obligate Disclosing Party to grant to Recipient, any license to use the Confidential Information, or any rights, title or interest in the Confidential Information, other than the limited use set forth in Subsection 2(a) hereof. (b) No Warranty. Disclosing Party has endeavored to provide Recipient with the proper information for evaluation. Neither Party hereto makes any warranty or representation hereunder including no representation respecting safety or conformance with any governmental or other regulation or standard concurring the utility of information disclosed hereunder or the existence or non-existence of patents or other industrial property rights that might relate to such information or be infringed by its use. (c) Amendment. No amendment to the terms and conditions of this Agreement shall be valid unless made in writing and signed by an authorized representative of each Party. (d) Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties hereto, their successors and assigns. This Agreement or any rights or obligations hereunder may not be assigned by either Party, except with the prior written consent of the other party. (e) Waiver. The failure of Disclosing Party to enforce any of the provisions of this Agreement at any time shall in no way be construed to be a waiver to such provisions, or of any other provision of this Agreement. No waiver of any breach of this Agreement shall be held to be a waiver of any other or subsequent breach. (f) No Relationship. Neither Party will be obligated to enter into any transaction or relationship by disclosing or receiving Confidential Information under this Agreement. Any business transaction or relationship into which the Parties enter will be evidenced by a separate written agreement signed by both Parties. (g) Notices. All notices, requests, consents and other communications hereunder must be in writing and must be given by personal delivery or sent by certified or registered mail, postage prepaid, return receipt requested and addressed to the Parties hereto at the addresses below, or sent by facsimile or email to the Parties at the facsimile numbers or email addresses below:
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