Third Party In Agreement

State:
Multi-State
Control #:
US-KWP-0001-A
Format:
Word; 
Rich Text
Instant download

Description

This form is a Third- Party Source Code Non-Disclosure Agreement. The licensee acknowledges and agrees that the proprietary information and all other items licensed under the contract and all copies constitute valuable trade secrets of the developer and title to the information remains in the developer. Also, all applicable copyrights, trade secrets, patents and other intellectual and property rights in the proprietary information are to remain in the developer.
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How to fill out Third-Party Source Code Nondisclosure Agreement?

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FAQ

Third party means any person (including companies, partnerships, legal entities, churches, governmental authorities and agencies) who is not a party to the agreement.

What Is a Third Party? A third party is an individual or entity that is involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction.

A contract is drawn up and the parties to the contract want a third-party to be able to sue if the contract promise isn't fulfilled. This person is considered a third-party beneficiary.

Example: Grandma enters into a contract with Oldfield to purchase a Jaguar automobile to be given to grandchild as a graduation present. If Oldfield takes a down payment and then refuses to go through with the sale, grandchild may sue Oldfield for specific performance of the contract as a third-party beneficiary.

To rescind or to alter the term of a contract the parties must have the consent of third party. The parties only can insert the clause in to contract to rescind or alter a term if they so choose at the time of entering in to contract.

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Third Party In Agreement