This form is a "Residuals" Clause for Basic Nondisclosure Agreement usable in agreements regarding nondisclosure of licensing, patents, or commercial trade secrets. The residuals clause allows some disclosures of confidential information under certain limited circumstances.
San Jose, California Residuals Clause for Basic Nondisclosure Agreement: A residuals' clause is a crucial component within a basic nondisclosure agreement, specifically tailored to meet the legal requirements in San Jose, California. This clause is designed to protect the rights and interests of parties involved in the agreement by addressing the contentious issue of residual information. Residuals, in this context, refer to any knowledge, ideas, or information retained by individuals who have been exposed to confidential or proprietary information during their involvement with a company or organization. The San Jose, California Residuals Clause for Basic Nondisclosure Agreement ensures that any residual information acquired by an individual during their association with the disclosing party remains confidential and is not exploited or used to benefit any third party. The clause typically outlines the duties, obligations, and restrictions that the receiving party must adhere to after the termination or conclusion of the nondisclosure agreement. There are different types of San Jose, California Residuals Clauses that can be included within a Basic Nondisclosure Agreement, depending on the specific needs and requirements of the parties involved. These may include: 1. Non-Use Residuals Clause: This type of clause prohibits the receiving party from utilizing any residual information received during the course of the agreement for any purpose other than the intended use. 2. Non-Disclosure Residuals Clause: This clause ensures that the receiving party does not disclose any residual information to any third party, including affiliates, subsidiaries, or individuals connected to the receiving party's organization. 3. Limitation of Liability Residuals Clause: This clause may be included to limit the liability of the receiving party in case any residual information accidentally or unintentionally discloses or is used in violation of the nondisclosure agreement. 4. Return or Destruction Residuals Clause: This clause requires the receiving party to return or destroy any residual information promptly after the termination or expiration of the agreement, ensuring that no copies or duplicates are retained. 5. Confidentiality Preservation Residuals Clause: This type of clause emphasizes the ongoing obligation of the receiving party to maintain the confidentiality of residual information indefinitely, even after the termination or expiration of the agreement. It is essential to consult with legal professionals familiar with San Jose, California laws and regulations to ensure compliance and to tailor the residuals' clause to the specific circumstances and requirements of the agreement. This will help protect the confidential and proprietary information shared between parties while operating within the jurisdiction of San Jose, California.San Jose, California Residuals Clause for Basic Nondisclosure Agreement: A residuals' clause is a crucial component within a basic nondisclosure agreement, specifically tailored to meet the legal requirements in San Jose, California. This clause is designed to protect the rights and interests of parties involved in the agreement by addressing the contentious issue of residual information. Residuals, in this context, refer to any knowledge, ideas, or information retained by individuals who have been exposed to confidential or proprietary information during their involvement with a company or organization. The San Jose, California Residuals Clause for Basic Nondisclosure Agreement ensures that any residual information acquired by an individual during their association with the disclosing party remains confidential and is not exploited or used to benefit any third party. The clause typically outlines the duties, obligations, and restrictions that the receiving party must adhere to after the termination or conclusion of the nondisclosure agreement. There are different types of San Jose, California Residuals Clauses that can be included within a Basic Nondisclosure Agreement, depending on the specific needs and requirements of the parties involved. These may include: 1. Non-Use Residuals Clause: This type of clause prohibits the receiving party from utilizing any residual information received during the course of the agreement for any purpose other than the intended use. 2. Non-Disclosure Residuals Clause: This clause ensures that the receiving party does not disclose any residual information to any third party, including affiliates, subsidiaries, or individuals connected to the receiving party's organization. 3. Limitation of Liability Residuals Clause: This clause may be included to limit the liability of the receiving party in case any residual information accidentally or unintentionally discloses or is used in violation of the nondisclosure agreement. 4. Return or Destruction Residuals Clause: This clause requires the receiving party to return or destroy any residual information promptly after the termination or expiration of the agreement, ensuring that no copies or duplicates are retained. 5. Confidentiality Preservation Residuals Clause: This type of clause emphasizes the ongoing obligation of the receiving party to maintain the confidentiality of residual information indefinitely, even after the termination or expiration of the agreement. It is essential to consult with legal professionals familiar with San Jose, California laws and regulations to ensure compliance and to tailor the residuals' clause to the specific circumstances and requirements of the agreement. This will help protect the confidential and proprietary information shared between parties while operating within the jurisdiction of San Jose, California.
