Oklahoma 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. The Oklahoma Secrecy, Nondisclosure, and Confidentiality Agreement (SNC Agreement) is a legal document designed to protect the intellectual property of inventors during collaboration with promoters. This agreement establishes a binding contract between the inventor and promoter to safeguard trade secrets, proprietary information, and other confidential materials related to the invention. In Oklahoma, there are various types of SNC Agreements available for promoters and inventors, each serving a unique purpose: 1. General Secrecy, Nondisclosure, and Confidentiality Agreement: This is the standard SNC Agreement used in Oklahoma, encompassing provisions that outline the obligations of both the promoter and inventor regarding non-disclosure and confidentiality of information exchange. 2. Mutual Secrecy, Nondisclosure, and Confidentiality Agreement: Sometimes, a promoter and inventor may agree to share confidential information mutually. In such cases, a mutual SNC Agreement is used, ensuring both parties are equally responsible for protecting each other's confidential data. 3. Exclusive Secrecy, Nondisclosure, and Confidentiality Agreement: In some instances, a promoter might exclusively work with a single inventor on a project, limiting their involvement with other inventors. This particular agreement ensures that the promoter keeps all information shared with the inventor confidential throughout the exclusivity period. 4. Limited Purpose Secrecy, Nondisclosure, and Confidentiality Agreement: When an inventor needs to disclose confidential information to a promoter but for a specific purpose or project, a limited purpose SNC Agreement is employed. This legal document restricts the promoter from using the disclosed information for any other purpose than the defined scope. 5. Specific Disclosure Secrecy, Nondisclosure, and Confidentiality Agreement: If an inventor needs to disclose specific confidential information to a promoter, such as proprietary manufacturing processes or design blueprints, a specific disclosure SNC Agreement is employed. This agreement clearly defines the exact information being disclosed and ensures its protection. Regardless of the type, an Oklahoma SNC Agreement typically includes clauses covering the definition of confidential information, duration of the agreement, permitted use of information, dispute resolution, remedies for breach, and termination provisions. It is crucial for both promoters and inventors to consult with legal professionals to draft SNC Agreements that meet their specific needs while complying with the laws and regulations of Oklahoma.

The Oklahoma Secrecy, Nondisclosure, and Confidentiality Agreement (SNC Agreement) is a legal document designed to protect the intellectual property of inventors during collaboration with promoters. This agreement establishes a binding contract between the inventor and promoter to safeguard trade secrets, proprietary information, and other confidential materials related to the invention. In Oklahoma, there are various types of SNC Agreements available for promoters and inventors, each serving a unique purpose: 1. General Secrecy, Nondisclosure, and Confidentiality Agreement: This is the standard SNC Agreement used in Oklahoma, encompassing provisions that outline the obligations of both the promoter and inventor regarding non-disclosure and confidentiality of information exchange. 2. Mutual Secrecy, Nondisclosure, and Confidentiality Agreement: Sometimes, a promoter and inventor may agree to share confidential information mutually. In such cases, a mutual SNC Agreement is used, ensuring both parties are equally responsible for protecting each other's confidential data. 3. Exclusive Secrecy, Nondisclosure, and Confidentiality Agreement: In some instances, a promoter might exclusively work with a single inventor on a project, limiting their involvement with other inventors. This particular agreement ensures that the promoter keeps all information shared with the inventor confidential throughout the exclusivity period. 4. Limited Purpose Secrecy, Nondisclosure, and Confidentiality Agreement: When an inventor needs to disclose confidential information to a promoter but for a specific purpose or project, a limited purpose SNC Agreement is employed. This legal document restricts the promoter from using the disclosed information for any other purpose than the defined scope. 5. Specific Disclosure Secrecy, Nondisclosure, and Confidentiality Agreement: If an inventor needs to disclose specific confidential information to a promoter, such as proprietary manufacturing processes or design blueprints, a specific disclosure SNC Agreement is employed. This agreement clearly defines the exact information being disclosed and ensures its protection. Regardless of the type, an Oklahoma SNC Agreement typically includes clauses covering the definition of confidential information, duration of the agreement, permitted use of information, dispute resolution, remedies for breach, and termination provisions. It is crucial for both promoters and inventors to consult with legal professionals to draft SNC Agreements that meet their specific needs while complying with the laws and regulations of Oklahoma.