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.
Palm Beach Florida Residuals Clause for Consultant Agreement
State:
Multi-State
County:
Palm Beach
Control #:
US-TS8029
Format:
Word;
PDF;
Rich Text
Instant download
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How to fill out Residuals Clause For Consultant Agreement?
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FAQ
The term "residuals" means information which is retained in memory by persons who have had access to Confidential Information, including ideas, concepts, know-how or techniques contained there (if any).
A residuals clause or residual information clause in an NDA is designed to allow the receiving party (usually the buyer) to use and/or disclose Confidential Information received from the disclosing party (usually the seller) without violating the NDA.
Here's a short list of what should be included in every consulting contract: Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly. Project objectives.Detailed description of the project.List of responsibilities.Fees.Timeline.Page numbers.
The key elements of Non-Disclosure Agreements: Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party.
More Definitions of Residual Knowledge Residual Knowledge means ideas, concepts, know-how or techniques related to the Discloser's technology and Confidential Information that are retained in the unaided memories of the Recipient who had rightful access to Confidential Information.
The term residuals means information in non2011tangible form, which may be remembered by persons with access to the Confidential Information, including ideas, concepts, know2011how or techniques contained therein, in their unaided memories (without reference to the Confidential Information).
Memory shall be considered unaided (i) if the employee, customer or user has not intentionally or consciously memorized the confidential information for the purpose of retaining and subsequently using or disclosing it; or (ii) the confidential information is not subsequently referenced or used.
A residual information exception (commonly called a residual rights clause or residuals clause) is a contract provision authorizing a party receiving confidential information (the recipient) to use or disclose in future projects any or a specified part of this information that its employees retain in their memories.
Confidential information that's retained only by unaided memory (that is, no notes, documents or anything was recorded but only what was retained in the mind). Confidential information that's retained involuntarily (ie.
A residuals clause or residual information clause in an NDA is designed to allow the receiving party (usually the buyer) to use and/or disclose Confidential Information received from the disclosing party (usually the seller) without violating the NDA.
