San Antonio Texas Secrecy, Nondisclosure and Confidentiality Agreement - Promoter to Inventor

• Category: Confidentiality and Nondisclosure - Trade Secrets
• State: Multi-State
• City: San Antonio
• 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. San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement — Promoter to Inventor Description: A San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) between a promoter and an inventor is a legally binding document that sets forth the terms and conditions to protect sensitive information shared during a business partnership. This agreement ensures that confidential information regarding inventions, business strategies, processes, trade secrets, and intellectual property remains private and secure. Keywords: — San Antonio, Texas: This location-specific agreement falls under Texas law and abides by the legal practices and regulations of San Antonio. It is crucial to have a clear understanding of the jurisdiction and rules applicable to the agreement. — Secrecy Agreement: Sometimes referred to as a secrecy pact, this legal contract emphasizes the need to maintain secrecy and confidentiality regarding sensitive information shared between the promoter and inventor. — Nondisclosure Agreement: This agreement requires the receiver of confidential information to refrain from disclosing or sharing the information with third parties without the express permission of the disclosing party. — Confidentiality Agreement: This legally binding contract guarantees the protection of confidential and proprietary information from unauthorized use or dissemination. — Promoter: The promoter, also known as the disclosing party or provider, is the individual or company sharing confidential information, intellectual property, or trade secrets with the inventor. — Inventor: The inventor, also known as the receiver or recipient in this agreement, is the individual or company receiving and accessing the confidential information shared by the promoter. — Intellectual Property: Refers to any creations of the mind, such as inventions, artistic works, designs, symbols, or processes that have commercial value and are protected by copyright, trademarks, or patents. — Trade Secrets: Confidential business information, such as manufacturing processes, formulas, customer lists, pricing strategies, or innovative techniques, that give an organization a competitive advantage. — Jurisdiction: The legal authority and geographical area where a contract is enforced, in this case, San Antonio, Texas. — Legal Compliance: Ensuring the agreement adheres to applicable laws, regulations, and industry standards to make it legally enforceable. — Sensitive Information: Refers to any proprietary or confidential data, documents, or knowledge that requires protection and strict confidentiality. Types of San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreements — Promoter to Inventor— - Standard SNCA: The most common type of agreement that establishes a comprehensive framework for protecting confidential information between a promoter and an inventor. — MutuaINCACA: When both parties exchange proprietary information, a mutual INCA ensures that both sides are equally responsible for maintaining confidentiality and preventing any unauthorized disclosure. — UnilateraINCACA: In cases where only one party, either the promoter or inventor, shares confidential information, a unilateral INCA is implemented to safeguard the interests of the disclosing party. — Renewal or Extension Agreement: If the initial agreement's timeframe is set to expire, a renewal or extension agreement can be drafted to extend the duration of the INCA to ensure continued protection of sensitive information. — Non-Compete Clause: Sometimes included as a separate provision within an INCA, a non-compete clause restricts the inventor from engaging in a competing business or disclosing shared information to potential competitors during and after the partnership. It is essential for both the promoter and inventor to review the agreement thoroughly, seek legal advice if necessary, and ensure all terms and conditions align with their specific requirements and interests before signing the San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement.

San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement — Promoter to Inventor Description: A San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement (INCA) between a promoter and an inventor is a legally binding document that sets forth the terms and conditions to protect sensitive information shared during a business partnership. This agreement ensures that confidential information regarding inventions, business strategies, processes, trade secrets, and intellectual property remains private and secure. Keywords: — San Antonio, Texas: This location-specific agreement falls under Texas law and abides by the legal practices and regulations of San Antonio. It is crucial to have a clear understanding of the jurisdiction and rules applicable to the agreement. — Secrecy Agreement: Sometimes referred to as a secrecy pact, this legal contract emphasizes the need to maintain secrecy and confidentiality regarding sensitive information shared between the promoter and inventor. — Nondisclosure Agreement: This agreement requires the receiver of confidential information to refrain from disclosing or sharing the information with third parties without the express permission of the disclosing party. — Confidentiality Agreement: This legally binding contract guarantees the protection of confidential and proprietary information from unauthorized use or dissemination. — Promoter: The promoter, also known as the disclosing party or provider, is the individual or company sharing confidential information, intellectual property, or trade secrets with the inventor. — Inventor: The inventor, also known as the receiver or recipient in this agreement, is the individual or company receiving and accessing the confidential information shared by the promoter. — Intellectual Property: Refers to any creations of the mind, such as inventions, artistic works, designs, symbols, or processes that have commercial value and are protected by copyright, trademarks, or patents. — Trade Secrets: Confidential business information, such as manufacturing processes, formulas, customer lists, pricing strategies, or innovative techniques, that give an organization a competitive advantage. — Jurisdiction: The legal authority and geographical area where a contract is enforced, in this case, San Antonio, Texas. — Legal Compliance: Ensuring the agreement adheres to applicable laws, regulations, and industry standards to make it legally enforceable. — Sensitive Information: Refers to any proprietary or confidential data, documents, or knowledge that requires protection and strict confidentiality. Types of San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreements — Promoter to Inventor— - Standard SNCA: The most common type of agreement that establishes a comprehensive framework for protecting confidential information between a promoter and an inventor. — MutuaINCACA: When both parties exchange proprietary information, a mutual INCA ensures that both sides are equally responsible for maintaining confidentiality and preventing any unauthorized disclosure. — UnilateraINCACA: In cases where only one party, either the promoter or inventor, shares confidential information, a unilateral INCA is implemented to safeguard the interests of the disclosing party. — Renewal or Extension Agreement: If the initial agreement's timeframe is set to expire, a renewal or extension agreement can be drafted to extend the duration of the INCA to ensure continued protection of sensitive information. — Non-Compete Clause: Sometimes included as a separate provision within an INCA, a non-compete clause restricts the inventor from engaging in a competing business or disclosing shared information to potential competitors during and after the partnership. It is essential for both the promoter and inventor to review the agreement thoroughly, seek legal advice if necessary, and ensure all terms and conditions align with their specific requirements and interests before signing the San Antonio, Texas Secrecy, Nondisclosure, and Confidentiality Agreement.