ࡱ > Q T P _@ bjbjLALA *B .+ g.+ g f & & & 8 ^ 4 L & $ L * ( R R j E : $ [$ ]$ ]$ ]$ ]$ ]$ ]$ $ & ) $ - E E $ R j $ R R j [$ [$ r " T # R aZ R ?# G$ $ 0 $ M# V + [ + # + # $ $ $ + X : Դɼ ATLANTIC UNIVERSITY
NON-DISCLOSURE AGREEMENT
It is understood that it is the mutual desire of both The Դɼ Board of Trustees (hereinafter referred to as FAU) and _______________________, with principal place of business at ________________ (hereinafter referred to as Company), for FAU to disclose certain confidential information to the Company, pursuant to the terms of this Agreement.
This Agreement is entered into for the purpose of FAU to share confidential information, as defined below, relating to (a) evaluating a potential business opportunity of mutual interest, (b) furthering an existing business relationship, (c) fulfilling each partys commitment if a proposed business transaction is pursued, or (d) as the parties otherwise agree in writing. Pursuant to the foregoing, FAU may disclose or has already disclosed to the Company certain confidential information which FAU desires to be treated as confidential.
For purposes of this Agreement, confidential information shall mean all tangible and intangible information or material disclosed by FAU or otherwise made available or accessible to the Company, whether intentionally or inadvertently, regardless of the manner or medium of disclosure or access (e.g., visual, oral, writing, electronic form) that is described or marked as proprietary or confidential, or considered as proprietary and confidential by FAU, and shall include, but is not limited to, the following types of information and other information of similar nature: (a) the terms and conditions of this Agreement and any other agreement executed between the parties; (b) any information or communication about FAUs operations, plans, strategies, technical information, physical plans (including, without limitation, drawings, floorplans or renderings), vendor lists, financial information, (including, without limitation, financial statements, projections, budgets and spending plans), business records, models, test results, pro formas, renderings, or personal information (including, without limitation, employee or student information); and (c) all information that is clearly marked or designated as confidential, or which under the circumstances surrounding disclosure, should be reasonably understood by the Company to be confidential or proprietary information FAU.
Company agrees: (a) to use the confidential information only for the purpose set forth above; (b) to treat the confidential information as being confidential and to protect the confidential information with no less standard of care than the Company uses to protect its own proprietary information; (c) to restrict circulation and disclosure of the confidential information within its own organization to employees who have a need to know in connection with the purpose of the disclosure as set forth above, and to ensure that such employees are informed of the confidential nature hereof and agree to and are required to observe the provisions of confidentiality set forth herein; (d) to hold such confidential information in confidence, and not to disclose the information to any other party without the written authorization of FAU; and (e) to return or destroy the confidential information promptly upon request of FAU, or, in any event, upon termination or completion of this Agreement, together with any and all copies, negatives, or reproductions thereof.
FAU acknowledges that Company may disclose or use confidential information which: (a) was in the public domain at the time of its disclosure or becomes part of the public domain subsequent to time of disclosure under this Agreement through no fault of Company; (b) was known to Company at the time of disclosure; (c) is disclosed with the written approval of FAU; (d) is independently developed by Company without the use of the confidential information; (e) is rightfully furnished to Company by a third party; or (f) is disclosed as required by law or judicial action.
This Agreement shall come into force as of the date of signature of the last party to sign the Agreement and shall be for a term of one (1) year thereafter; provided, however, that either party upon thirty (30) days written notice to the other party, may terminate the Agreement on an earlier date. Company agrees that during the term of this Agreement and for a period of three (3) years after its expiration or termination, Company shall not disclose the confidential information to any third party nor use such confidential information for any purpose other than as permitted by this Agreement.
No license, express or implied, in the information is granted to Company other than to use the confidential information in the manner and to the extent authorized by this Agreement.
This Agreement shall be deemed to be a contract made under the laws of the State of Florida and for all purposes it, plus any related supplemental documents and notices shall be construed in accordance with and governed by the laws of such state.
This Agreement constitutes and expresses the entire Agreement and understanding between the parties in reference to all matters herein referred to: all previous discussions, promises, representations, and understandings relative thereto, if any, between the parties is hereby merged.
The undersigned individuals executing this Agreement hereby represent and warrant that they have the authority to enter into this Agreement on behalf of such party.
In witness whereof, the parties hereto have caused this Agreement to be duly executed on the dates set forth under their names, effective as of the date last s i g n e d b e l o w .
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