This form is a "Residuals" Clause for a Consultant Agreement usable in consulting agreements where consultant exposure to commercial trade secrets or other confidential information is a factor. The residuals clause allows some disclosures of confidential information under certain limited circumstances.
New Mexico Residuals Clause for Consultant Agreement
State:
Multi-State
Control #:
US-TS8029
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Word;
PDF;
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FAQ
?Residuals? or ?residual information? is often defined as ?non-tangible information? or information retained by the recipient unaided by documents provided by the disclosing party. In other words, a ?residual? is confidential information ? the information that the NDA otherwise protects.
Related Definitions Residual Term means the number of unexpired years of the Contractual Term, rounded up to the nearest year subject to paragraph 1.3 below.
A provision found in confidentiality agreements providing that employees of the party receiving the confidential information can use confidential information retained in their memories.
The "residual exception" rule is essentially a recognition that the other rules dealing with hearsay exceptions could not reasonably cover and address each and every type of hearsay evidence and the factual and legal situations under which a party might argue for its admission.
A residual clause is a contractual provision typically found in non-disclosure agreements where a party receiving confidential information may use or disclose the same without violating the terms of the agreement.
What is Residuary or Residual Clause? A clause in a will that disposes of any estate property that remains after satisfaction of all other gifts.
Residuals clauses are predominantly found in Confidentiality Agreements and are clauses specifically drafted with the intention of permitting a party disclosing confidential information to avail itself of, share such information and ideas which are maintained as a seeming direct consequence of the constructive ...
A residuary clause establishes who will receive an asset or proceeds from the sale of an asset if the will or trust doesn't name a beneficiary for it. It's critical to include a residuary clause in your will and in your trust during estate planning to protect your property.
