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3. The above undertaking shall not appy to:
a)Information which at
time of disclosure is published or otherwise generally available to
public. b)Information which after disclosure by
disclosing party is published or becomes generally available to
public, otherwise than through any act or omission on
part of
receiving party. c)Information which
receiving party can show was in its possession at
time of disclosure and which was not acquired directly from
disclosing party. d)Information rightfully acquired from others who did not obtain it under
pledge of secrecy to
disclosing party.
4. The parties agree that after three years from
date hereof they shall each be relieved from all obligations under
Agreement and that after such period has expired they will rely on such patents as they may then own for
protection of any information disclosed to each other pursuant to this Agreement.
5. The terms of this Agreement shall be deemed to apply also to
servants or agents or legally associated entities of
receiving party who shall require their said servants or agents or legally associated entities to observe
foregoing obligations.
6.Neither
execution of this Agreement, nor
disclosure of any Proprietary Information hereunder, shall be construed as granting either expressly or by implication, estoppel or otherwise, any license under any invention or patent now or hereafter owned by or controlled by
parties.
7. This agreement shall not be construed in any manner to be an obligation to enter into further contract or to reimburse
cost of any effort expended by either party.
8. This agreement shall be interpreted in accordance with
laws of
INSERT COUNTRY / STATE HERE.
IN WITNESS WHEREOF,
parties have caused this Agreement to be executed by their duly authorized representatives, effective as of
date hereof.
COMPANY A
By: _______________________________
Name: _____________________________
Title: ______________________________
Date: ______________________________
COMPANY B
By: _______________________________
Name: _____________________________
Title: ______________________________
Date: ______________________________
