This is a nondisclosure agreement that is to be used in technology transactions. It concerns the use and confidentiality of "evaluation material" between the target company and a company seeking a transaction with that company.
A Mecklenburg North Carolina Unilateral Nondisclosure Agreement is a legal document designed to protect the interests of parties involved in technology transactions within Mecklenburg County, North Carolina. It establishes a confidential relationship between the disclosing party (typically the technology owner) and the receiving party (often an individual or organization) who may gain access to proprietary information. This agreement ensures that the recipient of confidential information understands their obligations to maintain its secrecy and refrain from disclosing or using it for unauthorized purposes. By signing the agreement, the recipient agrees to keep the disclosed information confidential and to use it solely for the intended purposes defined in the agreement. The Mecklenburg North Carolina Unilateral Nondisclosure Agreement for Use in Technology Transactions typically includes various key elements: 1. Parties: It identifies the disclosing party and the receiving party, stating their legal names and addresses. This section also clarifies their roles and responsibilities in the technology transaction. 2. Definitions: This section defines terms used throughout the agreement, such as "Confidential Information," "Recipient," "Disclosed," and other relevant terms specific to the technology transaction context. 3. Confidential Information: It explicitly describes the types of information that will be considered confidential. This may include trade secrets, technical data, business strategies, customer lists, software, algorithms, formulas, and any other proprietary information pertaining to the technology transaction. 4. Purpose: The purpose section outlines the intended use of the disclosed confidential information and sets the scope and limitations of its use. It ensures that the information is only used for the purposes stated in the agreement and not for personal gain or competitive advantage. 5. Obligations of the Receiving Party: This section clearly states the recipient's obligations regarding the handling of confidential information. It emphasizes that the recipient must maintain strict confidentiality and take necessary precautions to protect the disclosed information. 6. Term and Termination: The agreement specifies the period during which the Nondisclosure Agreement will remain in effect. It also defines the conditions under which the agreement can be terminated, such as by mutual consent or upon the occurrence of a specified event. 7. Governing Law and Jurisdiction: This segment states that any disputes arising from the agreement will be governed by the laws of Mecklenburg County, North Carolina, and identifies the appropriate jurisdiction for legal proceedings. If there are different types of Mecklenburg North Carolina Unilateral Nondisclosure Agreements for Use in Technology Transactions, they may be customized based on specific circumstances or industries. For example, there could be variations for software development, biotechnology, telecommunications, or other technology-related sectors. Each variant would reflect the unique characteristics and considerations specific to the respective technology field while adhering to the general principles of a unilateral nondisclosure agreement.A Mecklenburg North Carolina Unilateral Nondisclosure Agreement is a legal document designed to protect the interests of parties involved in technology transactions within Mecklenburg County, North Carolina. It establishes a confidential relationship between the disclosing party (typically the technology owner) and the receiving party (often an individual or organization) who may gain access to proprietary information. This agreement ensures that the recipient of confidential information understands their obligations to maintain its secrecy and refrain from disclosing or using it for unauthorized purposes. By signing the agreement, the recipient agrees to keep the disclosed information confidential and to use it solely for the intended purposes defined in the agreement. The Mecklenburg North Carolina Unilateral Nondisclosure Agreement for Use in Technology Transactions typically includes various key elements: 1. Parties: It identifies the disclosing party and the receiving party, stating their legal names and addresses. This section also clarifies their roles and responsibilities in the technology transaction. 2. Definitions: This section defines terms used throughout the agreement, such as "Confidential Information," "Recipient," "Disclosed," and other relevant terms specific to the technology transaction context. 3. Confidential Information: It explicitly describes the types of information that will be considered confidential. This may include trade secrets, technical data, business strategies, customer lists, software, algorithms, formulas, and any other proprietary information pertaining to the technology transaction. 4. Purpose: The purpose section outlines the intended use of the disclosed confidential information and sets the scope and limitations of its use. It ensures that the information is only used for the purposes stated in the agreement and not for personal gain or competitive advantage. 5. Obligations of the Receiving Party: This section clearly states the recipient's obligations regarding the handling of confidential information. It emphasizes that the recipient must maintain strict confidentiality and take necessary precautions to protect the disclosed information. 6. Term and Termination: The agreement specifies the period during which the Nondisclosure Agreement will remain in effect. It also defines the conditions under which the agreement can be terminated, such as by mutual consent or upon the occurrence of a specified event. 7. Governing Law and Jurisdiction: This segment states that any disputes arising from the agreement will be governed by the laws of Mecklenburg County, North Carolina, and identifies the appropriate jurisdiction for legal proceedings. If there are different types of Mecklenburg North Carolina Unilateral Nondisclosure Agreements for Use in Technology Transactions, they may be customized based on specific circumstances or industries. For example, there could be variations for software development, biotechnology, telecommunications, or other technology-related sectors. Each variant would reflect the unique characteristics and considerations specific to the respective technology field while adhering to the general principles of a unilateral nondisclosure agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
