A Suffolk New York Third-Party Source Code Nondisclosure Agreement is a legal contract designed to protect the confidential information of a software company or developer from being disclosed to or used by third parties. By establishing this agreement, the disclosing party (the software company or developer) ensures that the recipient (the third party) will keep the source code confidential and will not use it for any purpose other than what is stated in the agreement. This type of agreement is commonly used in the tech industry, especially when companies engage in partnerships, collaborations, or when a developer outsources a portion of their work to another party. The Suffolk New York version of this agreement refers specifically to agreements drafted and enforced under the legal jurisdiction of Suffolk County, New York. The agreement typically includes the following sections: 1. Definitions: Clearly defines key terms used throughout the agreement, such as confidential information and source code. 2. Purpose: States the purpose of sharing the source code and the specific activities or tasks the recipient is authorized to perform using it. 3. Confidentiality Obligations: Outlines the recipient's obligations to keep the source code confidential and not disclose it to anyone else without prior written consent. 4. Scope of Use: Specifies the permitted uses of the source code and any restrictions on modification, reverse engineering, or redistribution. 5. Intellectual Property Rights: States that the disclosing party retains all ownership rights to the source code and that no license or rights are granted to the recipient other than what is explicitly stated in the agreement. 6. Term and Termination: Specifies the duration of the agreement and the conditions under which it can be terminated, such as by mutual agreement or breach of the terms. 7. Remedies and Indemnification: Outlines the legal remedies available in case of a breach and holds the recipient liable for any damages incurred by the disclosing party. 8. Governing Law and Jurisdiction: States that the agreement is governed by the laws of Suffolk County, New York, and that any disputes will be resolved in its courts. Different types of Suffolk New York Third-Party Source Code Nondisclosure Agreements may vary in their specific clauses and provisions based on factors such as the parties involved, the nature of the source code, and the extent of disclosure required. However, the purpose of such agreements remains consistent — to protect the valuable intellectual property rights associated with source code and ensure its confidentiality.