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.
Typically, the confidentiality lasts for a specified time frame, but make sure to check the terms in your agreement for details.
If the terms are broken, you could take legal action to hold them accountable and possibly seek damages for any harm done.
It’s a good idea to consult with a lawyer who knows the ropes regarding tech agreements, making sure everything is tight and clear.
Keeping things confidential helps protect your business secrets and ensures that your creative ideas don't get copied or misused by others.
Anyone working with software developers or tech companies, especially if you’re sharing your source code or proprietary info, should consider getting one.
It's a legal contract that keeps sensitive source code information under wraps, making sure that anyone involved can't spill the beans.