A New Mexico Proprietary Information and Inventions Agreement, also known as a Confidentiality and Non-Disclosure Agreement (NDA), is a legally binding document that establishes the terms and conditions regarding the protection of proprietary information and inventions in the state of New Mexico. It is designed to safeguard sensitive information shared between parties involved in a business relationship, ensuring its confidentiality and preventing unauthorized disclosure or use. This agreement outlines the rights and responsibilities of the disclosing party (employer or company) and the receiving party (employee or third party) regarding proprietary information and inventions. Confidential information generally includes trade secrets, business plans, financial data, customer lists, marketing strategies, manufacturing processes, prototypes, and other valuable intellectual property. Inventions pertain to any new product, process, or concept developed during the course of employment or collaboration. The New Mexico Proprietary Information and Inventions Agreement establishes the ownership of confidential information and inventions, stating that they are the exclusive property of the disclosing party. It prohibits the receiving party from accessing, using, or disclosing the information to any third party without explicit written consent. Additionally, the agreement imposes certain obligations on the receiving party, such as taking reasonable measures to maintain the confidentiality of the information, restricting access to authorized personnel only, and returning or destroying the information upon termination of the agreement. It may also include provisions governing the disclosure of confidential information in legal proceedings or if required by law. Different types of Proprietary Information and Inventions Agreements in New Mexico may vary based on the parties involved, the nature of the confidential information, and the purpose of the agreement. Some specific variants may include: 1. Employee Confidentiality Agreement: This type of agreement is executed between an employer and an employee and primarily focuses on safeguarding trade secrets, customer lists, business strategies, and other proprietary information an employee may have access to during their employment tenure. 2. Non-Disclosure Agreement with Third Party Vendors: This agreement is employed when a company engages with third-party vendors or contractors to ensure the protection of confidential information shared during the course of their working relationship, preventing the vendors from misusing or disclosing the information to competitors. 3. Collaborative Agreement: In cases where multiple parties collaborate on a project, research, or product development, a collaborative agreement may be used to protect each party's proprietary information and inventions shared during the collaboration. It is crucial to consult with legal professionals when drafting or entering into a New Mexico Proprietary Information and Inventions Agreement, ensuring its compliance with state laws and adherence to the specific needs of the parties involved.
New Mexico Proprietary Information and Inventions Agreement
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How to fill out Proprietary Information And Inventions Agreement?
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I will not disclose or use any information received by the Company from third parties, except as required in connection with my work for the Company. I will not improperly use or disclose any confidential information or trade secrets of any third party or former employer to whom I have an obligation of confidentiality.
Proprietary and confidential information include any system, information or process that gives the Company an opportunity to obtain an advantage over competitors; non public information about the Company businesses, its customers and its employees, any other non public information received.
As used in this Agreement, the term ?Proprietary Information? shall mean all trade secrets or confidential or proprietary information designated as such in writing by the Disclosing Party, whether by letter or by the use of an appropriate proprietary stamp or legend, prior to or at the time any such trade secret or ...
Proprietary information is any information that deals with the activities, business or products of a company. More specifically, some things that commonly fall under this umbrella include trade secrets, financial data, product research and development, computer software, business processes and marketing strategies.
The term ?proprietary information? can be used to describe a broad range of things that the owner considers confidential. It is any type of data that the owner wishes to restrict who know about it or its contents. Proprietary information is another way of saying something is a trade secret.
Proprietary Documents means all materials and information which are proprietary or confidential, including, without limitation, income tax returns, loan and financial documents, internal corporate or organizational governance materials and documents, appraisals, budgets, strategic plans for the Property, internal ...
Recipient shall hold all Proprietary Information in strict confidence and shall not disclose any Proprietary Information to any third party, other than to its employees and agents who need to know such information and who are bound by restrictions regarding disclosure and use of such information comparable to and no ...
Also known as Proprietary Information and Inventions Assignment Agreements (or PIIAAs), Confidential Information and Inventions Assignment Agreements ensure that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer.