MUTUAL NONDISCLOSURE AGREEMENT
FILL OUT, PRINT, AND HAND IN DAY OF SHOOT
It is contemplated that, from time to time, Oquendo Consulting, LLC may disclose or furnish information or materials to the undersigned relating to its business (“Business”), Some or all of which may contain confidential information (as that term is defined below).
In consideration of the companies furnishing of information and materials which may contain confidential information, the UNDERSIGNED,
hereby confirm his/her/their understanding and agreement as follows:
1. CONFIDENTIAL INFORMATION
Each party (in such capacity, a “Disclosing Party”) may disclose certain of its confidential and
proprietary information to the other party (in such capacity, a “Receiving Party”).
“Confidential Information” means:
(a) information relating to the Disclosing Party or its current or proposed business, including financial statements, budgets and projections, customer identifying information, potential and intended customers, employers, products, computer programs, specifications, manuals, software, analyses, strategies, marketing plans, business plans, and other confidential information, whether provided orally, in writing, or by any other media, that was or will be:
(i) provided or shown to the Receiving Party by or on behalf of the Disclosing
(ii) obtained by the Receiving Party from review of documents or property of, or
communications with, the Disclosing Party; and
(b) all notes, analyses, compilations, studies, summaries, and other material, whether
provided orally, in writing, or by any other media, that contain or are based on the information described in subsection (a) (the “Derivative Materials”).
The Disclosing Party shall identify Confidential Information disclosed orally within a
reasonable time after disclosure, although failure to identify information as Confidential
Information is not an acknowledgment or admission that that information is not confidential.
2. OBLIGATION TO MAINTAIN CONFIDENTIALITY
(a) Confidentiality. The Receiving Party shall keep the Confidential Information confidential. Except as otherwise required by law, the Receiving Party may not:
(i) disclose any Confidential Information to any person or entity other than:
A. a Receiving Party representative who needs to know the Confidential
Information for the purposes of its business with the Disclosing Party;
B. a Receiving Party representative who signs a confidentiality agreement; and
C. with the Disclosing Party’s prior written authorization; or
(ii) use the Confidential Information for any purposes other than those contemplated by this agreement.
(b) No Reverse Engineering. The Receiving Party may not reverse engineer, disassemble or decompile any prototypes, software, or other tangible objects that embody the Disclosing Party’s Confidential Information and that are provided to the Receiving Party under this agreement.
(c) Term. The Receiving Party shall maintain the confidentiality and security of the Disclosing Party’s Confidential Information until the earlier of: (i) such time as all
Confidential Information of the Disclosing Party disclosed under this agreement becomes publicly known and is made generally available through no action or inaction of the Receiving Party or (ii) 2 year from the date of disclosure. However, to the extent that the Disclosing Party has disclosed information to the Receiving Party that constitutes a trade secret under law, the Receiving Party shall protect that trade secret for as long as the information qualifies as a trade secret.
The obligations and restrictions of this agreement do not apply to that part of the Confidential Information that the Receiving Party demonstrates:
(a) was or becomes generally publicly available other than as a result of a disclosure by
the Receiving Party in violation of this agreement;
(b) was or becomes available to the Receiving Party on a nonconfidential basis before its
disclosure to the Receiving Party by the Disclosing Party, but only if:
(i) the source of such information is not bound by a confidentiality agreement with
the Disclosing Party or is not otherwise prohibited from transmitting the information to the Receiving Party by a contractual, legal, fiduciary, or other obligation; and
(ii) the Receiving Party provides the Disclosing Party with written notice of such prior possession either (A) before the execution and delivery of this agreement or (B) if the Receiving Party later becomes aware (through disclosure to the Receiving Party) of any aspect of the Confidential Information as to which the Receiving Party had prior possession, promptly on the Receiving Party so becoming aware; or
(c) is requested or legally compelled (by oral questions, interrogatories, requests for information or documents, subpoena, civil or criminal investigative demand, or similar process), or is required by a regulatory body, to be disclosed. However, the Receiving Party shall:
(i) provide the Disclosing Party with prompt notice of any such request or requirement before disclosure so that the Disclosing Party may seek an appropriate protective order or other appropriate remedy; and
(ii) provide reasonable assistance to the Disclosing Party in obtaining any such protective order.
If a protective order or other remedy is not obtained or the Disclosing Party grants a waiver under this agreement, then the Receiving Party may furnish that portion (and only that portion) of the Confidential Information that, in the written opinion of counsel reasonably acceptable to the Disclosing Party, the Receiving Party is legally compelled or otherwise required to disclose. The Receiving Party shall make reasonable efforts to obtain reliable assurance that confidential treatment will be accorded any part of the Confidential Information so disclosed; or
(d) was developed by the Receiving Party independently without breach of this agreement.
4. RETURN OF PROPERTY
All documents and other tangible objects containing or representing Confidential Information that have been disclosed by either party to the other party, and all copies in the possession of the other party, are and will remain the property of the Disclosing Party. At the Disclosing Party’s request, the Receiving Party shall promptly return or destroy all of those documents or objects.
5. OWNERSHIP RIGHTS
Each party acknowledges that the Confidential Information is and will be the Disclosing Party’s sole property, even if suggestions made by the Receiving Party are incorporated into the Confidential Information. Neither party obtains any rights, by license or otherwise, in the other party’s Confidential Information. Neither party solicits any change in the other party’s organization, business practice, service, or products, and the disclosure of the Confidential Information may not be construed as evidencing any intent by a party to purchase any products or services of the other party or as an encouragement to expend funds in development or research efforts. The Confidential Information may pertain to prospective or unannounced products. Neither party may use the other party’s Confidential Information as a basis on which to develop or have a third party develop a competing or similar plan or undertaking.
6. NO OBLIGATION
Nothing in this agreement obligates either party to proceed with any transaction between them, and each party reserves the right, in its sole discretion, to terminate the discussions contemplated by this agreement concerning the business opportunity, if any, and to cease further disclosures, communications, or other activities under this agreement on written notice to the other party. Any commitment to proceed with a transaction will be set forth in a separate agreement signed by the parties.
7. NO WARRANTY
ALL CONFIDENTIAL INFORMATION IS PROVIDED “AS IS.” NEITHER PARTY MAKES ANY WARRANTIES, EXPRESS, IMPLIED, OR OTHERWISE, REGARDING THE ACCURACY, COMPLETENESS, OR PERFORMANCE OF ANY SUCH INFORMATION.
Party agrees that if he or she breaches or threatens to breach any covenant in this Agreement, in addition to all other rights and remedies available to the Protected Persons, the Protected Persons shall be entitled to injunctive relief preventing the disclosure, or any further disclosure, of any Protected Information. Further, if party breaches or threatens to breach any covenant in this Agreement, without limiting any other rights or remedies of the Protected Persons, party shall be required to pay to the Protected Persons any attorneys fees incurred by the Protected Persons to enforce this Agreement, punitive damages in an amount to be determined by a court of competent jurisdiction and liquidated damages in an amount of not less than ONE MILLION DOLLARS AND 00/100 ($1,000,000,00) per occurrence, and the Protected Persons shall be entitled to seek recovery of any and all monies and other benefits whatsoever received by party or on his or her behalf from any and all sources in connection with any use or dissemination by Obligor of any material described in this Agreement, it being agreed by Obligor that all such monies and other benefits received by party or on his or her behalf shall be held in trust by party or on his or her behalf for immediate payment over to the Protected Persons. For the purposes hereof, any use by Obligor of the Protected Information in violation of this Agreement shall constitute theft.
(a) Choice of Law. The laws of the state of Florida govern this agreement (without
giving effect to its conflicts of law principles).
(b) Equitable Relief. The parties acknowledge that a breach of this agreement will cause irreparable harm to the Disclosing Party and monetary damages may not be a sufficient remedy for an unauthorized disclosure of the Confidential Information. If a Receiving Party discloses the Confidential Information in violation of this agreement, a Disclosing Party may, without waiving any other rights or remedies and without posting a bond or other security, seek an injunction, specific performance, or other equitable remedy to prevent competition or further disclosure, and may pursue other legal remedies.
(c) Amendments. No amendment to this agreement will be effective unless it is in writing and signed by a party or its authorized representative.
(d) No Assignment. Neither party may assign any of its rights or delegate any performance under this agreement, except with the prior written consent of the other party.
(e) Electronic Signatures. This agreement, agreements ancillary to this agreement, and
related documents entered into in connection with this agreement are signed when a
party’s signature is delivered electronically, and these signatures must be treated in
all respects as having the same force and effect as original signatures.
(f) Severability. If any provision in this agreement is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this agreement, but this agreement will be
construed as if the invalid, illegal, or unenforceable provisions had never been contained in this agreement, unless the deletion of those provisions would result in
such a material change that would cause completion of the transactions
contemplated by this agreement to be unreasonable.
(g) Waiver. No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this agreement will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
(h) Entire Agreement. This agreement constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties’ agreement with respect to the subject matter of this agreement.
(i) Effectiveness. This agreement will become effective when all parties have signed it.
The date this agreement is signed by the last party to sign it (as indicated by the date
associated with that party’s signature) will be deemed the date of this agreement.
SIGNATURES & INFORMATION
By signing below, Party acknowledges that (i) he or she has reviewed this Agreement with his or her legal counsel or has knowingly declined the opportunity to review it with such counsel; (ii) his or her failure to review this Agreement with his or her legal counsel shall in no way impair the legally binding nature of this Agreement; (iii) this Agreement has been completely read by Party; (iv) party has received good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged; and (v) he or she fully understands and voluntarily accepts all the terms and conditions of this Agreement.
AGREED AND ACCEPTED
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