Michigan Nondisclosure agreement with Proprietary Rights Clause
Description
How to fill out Nondisclosure Agreement With Proprietary Rights Clause?
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FAQ
What is an NDA expiration clause? An NDA expiration clause is a term included in an NDA specifying the duration of the agreement. It sets a time limit for how long the recipient of confidential information is obligated to keep that information confidential.
How to write a non-disclosure agreement: What's included? Introduction. Definition of confidential information. How to handle confidential information. Exclusions from confidential information. Obligations of receiving party. Duration of agreement. Resolving disputes. Integration.
The exclusivity clause is language in the agreement in which, by virtue of signing the non-disclosure agreement, you not only share your confidential information but you also agree not to share your confidential information with anybody else for some specified or unspecified period time.
Exclusive agreements limit a party's ability to work with another, meaning that the exclusive party offers services or products not provided elsewhere. Non-exclusive indicates that the non-exclusive party can work with anyone, including employees, competing products, and customers.
CUSTOMER shall exclusively use and sell the Products at the XYZ; provided, however, that CUSTOMER shall be permitted, during the term hereof, and in its sole discretion, to purchase any or all oil and air filters from a foreign (non-domestic) supply source.
An exclusivity clause will typically state that the seller cannot pursue or consider offers made by other potential buyers once the Letter of Intent (LOI) has been signed. Exclusivity clauses tend to be complex and may lead to issues between the two parties.
Employee shall not use for Employee's personal benefit, or disclose, communicate or divulge to, or use for the direct or indirect benefit of any person, firm, association or company other than Company, any ?Confidential Information,? which term shall mean any information regarding the business methods, business ...
?Confidential and or proprietary Information? shall mean and include any information disclosed by one Party (Disclosing Party) to the other (Receiving Party) either directly or indirectly, in writing, orally, by inspection of tangible objects (including, without limitation, documents, prototypes, samples, media, ...
