New Hampshire 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. New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement — Promoter to Inventor: Explained Keywords: New Hampshire, Secrecy, Nondisclosure Agreement, Confidentiality Agreement, Promoter, Inventor Introduction: A New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) is a legally binding contract that establishes a confidential relationship between a promoter (individual or company) and an inventor, ensuring the protection of sensitive information shared during business negotiations, collaborations, or discussions related to an invention. This agreement prevents unauthorized disclosure or use of confidential information, thereby safeguarding the rights and interests of inventors. Types of New Hampshire INCA — Promoter to Inventor: 1. General New Hampshire INCA: This type of agreement provides standard confidentiality protection between the promoter and the inventor. It covers all the essential elements required to maintain confidentiality, such as nondisclosure obligations, exclusive ownership of confidential information, permitted disclosure scenarios, and dispute resolution mechanisms. 2. Mutual New Hampshire INCA: In certain cases, the promoter and inventor may both need to exchange confidential information. A mutual INCA is used to protect the interests of both parties equally, ensuring a balanced level of confidentiality. This agreement imposes confidentiality obligations on both parties, outlining reciprocal rights and obligations regarding the protection and use of confidential information. 3. International New Hampshire INCA: When engaging in business dealings or collaborations with parties outside the United States, an international INCA may be necessary. This agreement includes additional provisions to address international jurisdiction, enforceability concerns, and compliance with relevant laws governing cross-border confidentiality and intellectual property rights. Key Components of a New Hampshire INCA — Promoter to Inventor: 1. Definition of Confidential Information: This provision clearly outlines the scope of information that is considered confidential. It encompasses any proprietary, technical, financial, or business-related information disclosed by the promoter to the inventor, explicitly specifying what is protected under the agreement. 2. Nondisclosure and Nonuser Obligations: This section highlights the promoter's commitment not to disclose or use the confidential information for any purpose other than what is outlined in the agreement. It establishes legal consequences for a breach of confidentiality by the promoter and may include injunctive relief and damages. 3. Exclusions: Certain information might already be in the public domain, or the inventor may agree in advance that specific information is not confidential. This clause provides a clear list of exclusions, ensuring that information falling within these predetermined categories is not subject to confidentiality obligations. 4. Ownership of Intellectual Property (IP): To protect the inventor's rights over their invention, this section clarifies that the disclosure of confidential information does not transfer any ownership or IP rights to the promoter. It reaffirms that the inventor shall retain sole ownership while granting promoter limited access and use of confidential information for specific purposes defined in the agreement. 5. Term and Termination: The duration of the agreement is specified here, along with conditions under which either party can terminate the agreement. It may include post-termination provisions to continue protecting confidential information beyond the agreement's expiration or termination date. Conclusion: A New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement between a promoter and an inventor establishes a framework for maintaining confidentiality during collaborative efforts. Whether it is a general, mutual, or international INCA, such agreements safeguard the inventor's sensitive information, maintain their ownership rights, and provide legal protection against unauthorized use or disclosure.

New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement — Promoter to Inventor: Explained Keywords: New Hampshire, Secrecy, Nondisclosure Agreement, Confidentiality Agreement, Promoter, Inventor Introduction: A New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) is a legally binding contract that establishes a confidential relationship between a promoter (individual or company) and an inventor, ensuring the protection of sensitive information shared during business negotiations, collaborations, or discussions related to an invention. This agreement prevents unauthorized disclosure or use of confidential information, thereby safeguarding the rights and interests of inventors. Types of New Hampshire INCA — Promoter to Inventor: 1. General New Hampshire INCA: This type of agreement provides standard confidentiality protection between the promoter and the inventor. It covers all the essential elements required to maintain confidentiality, such as nondisclosure obligations, exclusive ownership of confidential information, permitted disclosure scenarios, and dispute resolution mechanisms. 2. Mutual New Hampshire INCA: In certain cases, the promoter and inventor may both need to exchange confidential information. A mutual INCA is used to protect the interests of both parties equally, ensuring a balanced level of confidentiality. This agreement imposes confidentiality obligations on both parties, outlining reciprocal rights and obligations regarding the protection and use of confidential information. 3. International New Hampshire INCA: When engaging in business dealings or collaborations with parties outside the United States, an international INCA may be necessary. This agreement includes additional provisions to address international jurisdiction, enforceability concerns, and compliance with relevant laws governing cross-border confidentiality and intellectual property rights. Key Components of a New Hampshire INCA — Promoter to Inventor: 1. Definition of Confidential Information: This provision clearly outlines the scope of information that is considered confidential. It encompasses any proprietary, technical, financial, or business-related information disclosed by the promoter to the inventor, explicitly specifying what is protected under the agreement. 2. Nondisclosure and Nonuser Obligations: This section highlights the promoter's commitment not to disclose or use the confidential information for any purpose other than what is outlined in the agreement. It establishes legal consequences for a breach of confidentiality by the promoter and may include injunctive relief and damages. 3. Exclusions: Certain information might already be in the public domain, or the inventor may agree in advance that specific information is not confidential. This clause provides a clear list of exclusions, ensuring that information falling within these predetermined categories is not subject to confidentiality obligations. 4. Ownership of Intellectual Property (IP): To protect the inventor's rights over their invention, this section clarifies that the disclosure of confidential information does not transfer any ownership or IP rights to the promoter. It reaffirms that the inventor shall retain sole ownership while granting promoter limited access and use of confidential information for specific purposes defined in the agreement. 5. Term and Termination: The duration of the agreement is specified here, along with conditions under which either party can terminate the agreement. It may include post-termination provisions to continue protecting confidential information beyond the agreement's expiration or termination date. Conclusion: A New Hampshire Secrecy, Nondisclosure, and Confidentiality Agreement between a promoter and an inventor establishes a framework for maintaining confidentiality during collaborative efforts. Whether it is a general, mutual, or international INCA, such agreements safeguard the inventor's sensitive information, maintain their ownership rights, and provide legal protection against unauthorized use or disclosure.