The Nevada Agreement for Exhibition — Unpatented Invention is a legal document designed to protect the rights and interests of the inventor by regulating the exhibition and showcasing of their unpatented invention in the state of Nevada. This agreement ensures that the inventor's intellectual property remains secure, while allowing them the opportunity to promote, demonstrate, and publicize their invention to potential investors, manufacturers, or partners. Key Elements of a Nevada Agreement for Exhibition — Unpatented Invention: 1. Parties: The agreement identifies the involved parties, including the inventor (referred to as the "Disclosing Party") and the entity or individual interested in exhibiting the invention (referred to as the "Exhibitor"). 2. Description of the Unpatented Invention: The agreement provides a detailed description of the invention to establish a clear understanding of what will be exhibited. 3. Purpose of the Agreement: It highlights the intent of the parties to facilitate the exhibition of the unpatented invention while preserving the rights and confidentiality of the Disclosing Party. 4. Terms and Conditions: The agreement sets forth the specific terms and conditions agreed upon by both parties, including the duration of the exhibition, the location, and any limitations or restrictions imposed on the Exhibitor. 5. Confidentiality and Non-Disclosure: The agreement guarantees the confidentiality of the invention, preventing the Exhibitor from disclosing any proprietary information to third parties without the written consent of the Disclosing Party. 6. Intellectual Property Rights: The agreement clarifies that the invention remains the exclusive property of the Disclosing Party and that no transfer of ownership or licensing occurs as a result of the exhibition. 7. Indemnification: The agreement includes provisions that hold the Exhibitor responsible for any damages, liabilities, or claims arising from their exhibition of the invention. Types of Nevada Agreements for Exhibition — Unpatented Invention: 1. Nevada Exclusive Agreement for Exhibition: This type of agreement grants exclusive exhibition rights to a single Exhibitor, preventing other entities or individuals from showcasing the unpatented invention during the agreed-upon duration. 2. Nevada Non-Exclusive Agreement for Exhibition: With this type of agreement, the Disclosing Party can enter into exhibition agreements with multiple Exhibitors simultaneously, expanding the reach and exposure of the unpatented invention. 3. Nevada Agreement for Exhibition with Purchase Option: This agreement allows the Exhibitor the option to purchase the unpatented invention following the exhibition, providing a potential pathway for further development or commercialization. In conclusion, the Nevada Agreement for Exhibition — Unpatented Invention is a crucial legal instrument that safeguards the rights and confidentiality of inventors while enabling them to showcase their unpatented inventions to potential investors and partners.