Idaho Secrecy, Nondisclosure and Confidentiality Agreement - Promoter to Inventor

• Category: Confidentiality and Nondisclosure - Trade Secrets
• State: Multi-State
• Control #: US-01757
• Format: Word; Rich Text

Description

This agreement is entered into by an inventor and a company. The inventor has possession of proprietary information and know-how relating to an invention, and wishes to engage the company to evaluate the invention for possible patent, development and marketing. The company agrees that to maintain the confidential information in confidence and not to use it for any other purpose other than evaluation. The company also agrees not to disclose the information to anyone without a written waiver from the inventor, except for employees and sub-contractors of the company who actually have a need to know for the purposes of evaluation and are also bound by this agreement. Keywords: Idaho secrecy agreement, Idaho nondisclosure agreement, Idaho confidentiality agreement, promoter to inventor, types Detailed description: An Idaho Secrecy, Nondisclosure, and Confidentiality Agreement between a promoter and an inventor is a legal contract that establishes the terms and conditions for preserving the secrecy and protecting the confidentiality of sensitive information shared during the course of their business relationship. This agreement aims to safeguard the inventor's ideas, inventions, trade secrets, and other proprietary information. In Idaho, there are different types of secrecy, nondisclosure, and confidentiality agreements that can be established between a promoter and an inventor. These agreements vary based on the specific needs and circumstances of the parties involved. Here are some types: 1. General Secrecy Agreement: This type of agreement emphasizes the overall protection of confidential and proprietary information disclosed by the inventor to the promoter. It covers a broad range of information and prevents the promoter from disclosing, using, or exploiting any confidential information without the inventor's prior written consent. This agreement may also include provisions for the return or destruction of confidential materials at the termination of the relationship. 2. Invention Secrecy Agreement: When an inventor wants to share details of their invention with a promoter, they may require an invention secrecy agreement. This agreement specifically focuses on guarding the secrecy of the disclosed invention. It outlines the promoter's responsibilities to keep all information about the invention confidential and to refrain from using it for any purpose other than evaluating its commercial potential. 3. Trade Secret Confidentiality Agreement: In situations where a promoter gains access to the inventor's trade secrets, a trade secret confidentiality agreement becomes necessary. This type of agreement concentrates on preserving the confidentiality of valuable trade secrets, such as formulas, manufacturing processes, customer lists, or marketing strategies. It restricts the promoter from disclosing trade secrets to third parties or utilizing them for personal gain. Regardless of the type, an Idaho Secrecy, Nondisclosure, and Confidentiality Agreement typically includes key provisions such as the definition of confidential information, obligations of secrecy, permitted disclosures (if any), non-use clauses, remedies for breach, and the duration of the agreement. It is crucial for both parties to seek legal counsel and ensure the agreement is tailored to their specific requirements. Throughout Idaho, these agreements serve as valuable tools for promoting inventors' confidence in sharing their innovative ideas while safeguarding their intellectual property.

Keywords: Idaho secrecy agreement, Idaho nondisclosure agreement, Idaho confidentiality agreement, promoter to inventor, types Detailed description: An Idaho Secrecy, Nondisclosure, and Confidentiality Agreement between a promoter and an inventor is a legal contract that establishes the terms and conditions for preserving the secrecy and protecting the confidentiality of sensitive information shared during the course of their business relationship. This agreement aims to safeguard the inventor's ideas, inventions, trade secrets, and other proprietary information. In Idaho, there are different types of secrecy, nondisclosure, and confidentiality agreements that can be established between a promoter and an inventor. These agreements vary based on the specific needs and circumstances of the parties involved. Here are some types: 1. General Secrecy Agreement: This type of agreement emphasizes the overall protection of confidential and proprietary information disclosed by the inventor to the promoter. It covers a broad range of information and prevents the promoter from disclosing, using, or exploiting any confidential information without the inventor's prior written consent. This agreement may also include provisions for the return or destruction of confidential materials at the termination of the relationship. 2. Invention Secrecy Agreement: When an inventor wants to share details of their invention with a promoter, they may require an invention secrecy agreement. This agreement specifically focuses on guarding the secrecy of the disclosed invention. It outlines the promoter's responsibilities to keep all information about the invention confidential and to refrain from using it for any purpose other than evaluating its commercial potential. 3. Trade Secret Confidentiality Agreement: In situations where a promoter gains access to the inventor's trade secrets, a trade secret confidentiality agreement becomes necessary. This type of agreement concentrates on preserving the confidentiality of valuable trade secrets, such as formulas, manufacturing processes, customer lists, or marketing strategies. It restricts the promoter from disclosing trade secrets to third parties or utilizing them for personal gain. Regardless of the type, an Idaho Secrecy, Nondisclosure, and Confidentiality Agreement typically includes key provisions such as the definition of confidential information, obligations of secrecy, permitted disclosures (if any), non-use clauses, remedies for breach, and the duration of the agreement. It is crucial for both parties to seek legal counsel and ensure the agreement is tailored to their specific requirements. Throughout Idaho, these agreements serve as valuable tools for promoting inventors' confidence in sharing their innovative ideas while safeguarding their intellectual property.