New York 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. A New York Secrecy, Nondisclosure, and Confidentiality Agreement between a Promoter and an Inventor is a legally binding document that outlines the terms and conditions regarding the protection of confidential information shared between the two parties. This agreement ensures that any proprietary knowledge, trade secrets, or sensitive information related to the invention remains confidential and cannot be disclosed or used for any unauthorized purpose. In New York, there can be different types of Secrecy, Nondisclosure, and Confidentiality Agreements tailored specifically for Promoters and Inventors. Some commonly used ones include: 1. Mutual Secrecy Agreement: This type of agreement is signed when both the Promoter and the Inventor wish to protect their respective confidential information shared during their business dealings. Both parties agree to keep the information confidential and not disclose it to any third party without prior written consent. 2. One-Way Secrecy Agreement: In this agreement, only one party, either the Promoter or the Inventor, is required to disclose their confidential information. The other party agrees to maintain complete confidentiality and not use the disclosed information for any purpose other than the intended business relationship. 3. Non-Circumvention Agreement: This variation of the agreement aims to prevent the Promoter from using the Inventor's ideas or contacts to bypass the agreed business arrangement and engage directly with potential investors, manufacturers, or other parties involved. It ensures that the Promoter cannot exploit the confidential information for personal gain or to the detriment of the Inventor's interests. 4. Non-Compete Agreement: This type of agreement is often included in conjunction with a Secrecy, Nondisclosure, and Confidentiality Agreement, and it restricts the Promoter from engaging in any activities that directly compete with the Inventor's business or invention during a specified period. This helps safeguard the Inventor from potential loss of market share or unfair competition. The purpose of these different variations of the Secrecy, Nondisclosure, and Confidentiality Agreements is to provide a legal framework that protects the interests of both the Promoter and the Inventor, maintaining the confidentiality of valuable information, and preventing any unauthorized use or disclosure.

A New York Secrecy, Nondisclosure, and Confidentiality Agreement between a Promoter and an Inventor is a legally binding document that outlines the terms and conditions regarding the protection of confidential information shared between the two parties. This agreement ensures that any proprietary knowledge, trade secrets, or sensitive information related to the invention remains confidential and cannot be disclosed or used for any unauthorized purpose. In New York, there can be different types of Secrecy, Nondisclosure, and Confidentiality Agreements tailored specifically for Promoters and Inventors. Some commonly used ones include: 1. Mutual Secrecy Agreement: This type of agreement is signed when both the Promoter and the Inventor wish to protect their respective confidential information shared during their business dealings. Both parties agree to keep the information confidential and not disclose it to any third party without prior written consent. 2. One-Way Secrecy Agreement: In this agreement, only one party, either the Promoter or the Inventor, is required to disclose their confidential information. The other party agrees to maintain complete confidentiality and not use the disclosed information for any purpose other than the intended business relationship. 3. Non-Circumvention Agreement: This variation of the agreement aims to prevent the Promoter from using the Inventor's ideas or contacts to bypass the agreed business arrangement and engage directly with potential investors, manufacturers, or other parties involved. It ensures that the Promoter cannot exploit the confidential information for personal gain or to the detriment of the Inventor's interests. 4. Non-Compete Agreement: This type of agreement is often included in conjunction with a Secrecy, Nondisclosure, and Confidentiality Agreement, and it restricts the Promoter from engaging in any activities that directly compete with the Inventor's business or invention during a specified period. This helps safeguard the Inventor from potential loss of market share or unfair competition. The purpose of these different variations of the Secrecy, Nondisclosure, and Confidentiality Agreements is to provide a legal framework that protects the interests of both the Promoter and the Inventor, maintaining the confidentiality of valuable information, and preventing any unauthorized use or disclosure.