Wisconsin 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 Wisconsin Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) — Promoter to Inventor is a legally binding document designed to protect the sensitive information exchanged between a promoter and an inventor related to their business relationship or the invention itself. This agreement ensures that both parties maintain the confidentiality of proprietary information, trade secrets, and other valuable intellectual property. In Wisconsin, there are various types of INCA — Promoter to Inventor agreements that cater to specific needs and circumstances. Here are some notable types: 1. General INCA: This is the standard agreement used for most promoter-inventor relationships in Wisconsin. It covers the protection and non-disclosure of sensitive information, including trade secrets, project details, financial information, and any other confidential materials exchanged during the course of their collaboration. 2. Mutual INCA: In situations where both the promoter and inventor share sensitive information with each other, a mutual INCA is employed. This agreement ensures that both parties are bound by the same obligations to maintain confidentiality. 3. Term-Limited INCA: In some cases, the INCA may have a specific duration, limiting the time period during which the confidentiality obligations will be in effect. This type of agreement is suitable for short-term projects or time-bound collaborations. 4. Territory-Limited INCA: When the promoter and inventor intend to restrict the disclosure of confidential information to a specific geographic region, a territory-limited INCA is utilized. This agreement ensures confidentiality is maintained only within the designated territory, while allowing unrestricted disclosure outside that area. The Wisconsin INCA — Promoter to Inventor typically covers core elements such as the definition of confidential information, responsibilities of both parties, prohibited disclosures, consequences of breach, dispute resolution mechanisms, and the term of the agreement. This legally binding contract provides peace of mind to the parties involved, fostering an environment of trust and security for the exchange of ideas, innovations, and potential business endeavors. It serves as an essential tool to protect valuable intellectual property and prevent unauthorized use or disclosure by either party.

The Wisconsin Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) — Promoter to Inventor is a legally binding document designed to protect the sensitive information exchanged between a promoter and an inventor related to their business relationship or the invention itself. This agreement ensures that both parties maintain the confidentiality of proprietary information, trade secrets, and other valuable intellectual property. In Wisconsin, there are various types of INCA — Promoter to Inventor agreements that cater to specific needs and circumstances. Here are some notable types: 1. General INCA: This is the standard agreement used for most promoter-inventor relationships in Wisconsin. It covers the protection and non-disclosure of sensitive information, including trade secrets, project details, financial information, and any other confidential materials exchanged during the course of their collaboration. 2. Mutual INCA: In situations where both the promoter and inventor share sensitive information with each other, a mutual INCA is employed. This agreement ensures that both parties are bound by the same obligations to maintain confidentiality. 3. Term-Limited INCA: In some cases, the INCA may have a specific duration, limiting the time period during which the confidentiality obligations will be in effect. This type of agreement is suitable for short-term projects or time-bound collaborations. 4. Territory-Limited INCA: When the promoter and inventor intend to restrict the disclosure of confidential information to a specific geographic region, a territory-limited INCA is utilized. This agreement ensures confidentiality is maintained only within the designated territory, while allowing unrestricted disclosure outside that area. The Wisconsin INCA — Promoter to Inventor typically covers core elements such as the definition of confidential information, responsibilities of both parties, prohibited disclosures, consequences of breach, dispute resolution mechanisms, and the term of the agreement. This legally binding contract provides peace of mind to the parties involved, fostering an environment of trust and security for the exchange of ideas, innovations, and potential business endeavors. It serves as an essential tool to protect valuable intellectual property and prevent unauthorized use or disclosure by either party.