This form is a "Residuals" Clause for a Consultant Agreement usable in consulting agreements where consultant exposure to commercial trade secrets or other confidential information is a factor. The residuals clause allows some disclosures of confidential information under certain limited circumstances.
Maryland Residuals Clause for Consultant Agreement
State:
Multi-State
Control #:
US-TS8029
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Word;
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How to fill out Residuals Clause For Consultant Agreement?
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FAQ
?Residuals? or ?residual information? is often defined as ?non-tangible information? or information retained by the recipient unaided by documents provided by the disclosing party. In other words, a ?residual? is confidential information ? the information that the NDA otherwise protects.
Residuals clauses favor recipients of confidential information and are commonly found in agreements that have confidentiality provisions containing use restrictions, such as services, outsourcing, employment, consulting, strategic alliance, intellectual property licensing, and custom manufacturing agreements.
This clause allows the receiving party to use, without restriction, some ?residual? information that is received during the course of the relationship between the parties, usually covering information that a party's personnel recollects from its ?unaided memory.? A ?residuals? clause can raise concerns for the ...
Residuals clauses are predominantly found in Confidentiality Agreements and are clauses specifically drafted with the intention of permitting a party disclosing confidential information to avail itself of, share such information and ideas which are maintained as a seeming direct consequence of the constructive ...
This clause allows the receiving party to use, without restriction, some ?residual? information that is received during the course of the relationship between the parties, usually covering information that a party's personnel recollects from its ?unaided memory.? A ?residuals? clause can raise concerns for the ...
A residual clause is a contractual provision typically found in non-disclosure agreements where a party receiving confidential information may use or disclose the same without violating the terms of the agreement.
A residual clause is a contractual provision typically found in non-disclosure agreements where a party receiving confidential information may use or disclose the same without violating the terms of the agreement.
What are residual clauses? Strictly speaking residual clauses specify what happens to the "residue" of the estate. Simply put, a residual clause takes care of what is left over after the assets and debts have been accounted for in the living trust.
