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THIS
AGREEMENT
is
entered
into
this
_______
day
of
_____________,
20_____,
by
and between
A-TECH
Corporation,
dba
ATA
Sensors,
hereinafter
"ATA
Sensors",
and
_________________________________________________________________________ ("Recipient
").
The
persons
executing
this
Agreement
hereby
warrant
that
they
are authorized
to
do
so
for
and
on
behalf of
the
above-named
companies.
RECITALS
:
A.
ATA
Sensors
is
engaged
in
research,
new
product
development
and
product marketing activities for
proprietary
radial
motion
and
rate
sensor
products,
and
B.
The
parties
to
THIS
AGREEMENT
are
interested
in
entering
into
discussions
which
may lead
to future
business
relationships
;
and
C.
In
connection
with
such
discussions,
ATA
Sensors
will
disclose
to
Recipient
certain information concerning
its
business
and
technologies,
a
portion
of
which
information is
regarded
by
ATA Sensors
as
confidential
or
proprietary,
and
the
parties
desire
to provide
for
a
means
of determining
which
information
is
confidential
or
proprietary information
and
for
the respective right and
duties
of
the
parties
with
respect
thereto;
NOW
,
THEREFORE,
the
parties
hereto
agree
as
follows:
1.
Definitions.
As
used
herein:
(a)
The
term
"Information"
shall
mean
all
information
relating
to
ATA
Sensors business, technologies
or
prospective
business
which
is
furnished
to
the recipient
by ATA
Sensors.
(b)
The
term
"Confidential
Information"
shall
mean
all
information
which
ATA Sensors
protects
against
unrestricted
disclosure
to
others
and
which:
if
in
written
or
other tangible
form,
is
clearly
designated
and
labeled
as "Confidential";
and
if
disclosed orally,
is
reduced
to
a
writing
designating such
information
as
"Confidential"
which
is
delivered
to
the
Recipient
promptly
following
such
oral
disclosure.
By
way
of
illustration,
but
not
limitation,
such Confidential
Information
may
include
inventions,
concepts, designs, formulas, techniques,
processes,
electronic
circuits,
firmware,
software, or
market
data.
2.
Protection
of
Confidential
Information.
The
Recipient
agrees,
with
respect
to
any Confidential Information
received
by
him
or
her
and
their
represented
companies:
(a)
To
use
such
Confidential
Information
only
for
the
purpose
previously
stated (i.e.,
for
the
purpose
of
evaluation
and
effecting
the
proposed
transaction between
the parties):
(b)
To
use
the
same
methods
and
degree
of
care
to
prevent
disclosure
of
such Confidential
Information
as
it
uses
to
prevent
disclosure
of
its
own
proprietary and
Confidential
Information;
and
(c)
To
return
such
Confidential
Information
received
in
any
tangible
form
to
ATA Sensors at
the
request
of
ATA
Sensors
and
to
retain
no
copies
or
reproductions thereof.
3.
Limitations.
The
Recipient
shall
not
be
obligated
to
treat
information
as
Confidential Information
if such
information:
(a)
was
rightfully
in
Recipient's
possession
or
was
rightfully
known
to Recipient
prior to
receipt
from
ATA
Sensors,
or
(b)
is
or
becomes
public
knowledge
without
the
fault
of
Recipient;
or
(c)
is
or
becomes
rightfully
available
to
Recipient
without
confidential restriction
from
a
source
not
under
ATA
Sensors
control;
or
(d)
is
independently
developed
by
Recipient
without
use
of
the
Confidential Information
disclosed
hereunder;
provided,
however,
that
the
burden
of
proof of such
independent
development
shall
be
upon
Recipient;
or
(e)
is
disclosed
pursuant
to
court
or
government
action
provided,
however,
that recipient
gives
ATA
Sensors
reasonable
prior
notice
of
disclosure
pursuant
to such court
or
government
action.
4.
THIS
AGREEMENT
shall
remain
in
force
for
a
period
of
three
(3)
years
from
the
date of
receipt
of last
"Confidential"
information
received
under
this
Agreement.
5.
Each
party
agrees
that
its
obligations
hereunder
are
essential
in
order
to
protect the other, and
its
business,
and
expressly
acknowledges
and
agrees
that monetary damages
would
be inadequate
compensation
for
any
breach
of
any covenant
or agreement
set
forth
herein.
Accordingly,
each
party
agrees
and acknowledges
that any
such
violation
or
threatened
violation will
cause
irreparable injury
to
the
other and
that,
in
addition
to
and
without
waiving
any
other remedies (Including
damages) that
may
be
available,
in
law,
in
equity
or
otherwise,
the aggrieved party
shall
be
entitled
to
obtain
temporary,
preliminary
and/or permanent
injunctive
relief
against the
threatened
breach
of
this
Agreement
or
the continuation
of
any
such
breach,
without
the necessity
of
proving
damage.
This
agreement
is
acknowledged
and
signed
by
an
authorized
representative
of
the respective
companies:
By:_______________________________________________________
By:_______________________________________________________
ATA
Sensors
Signature "RECIPIENT"
Signature
__________________________________________________________
_______________________________________________________
Printed
Name
Printed
Name Printed
Name
Printed
Name
__________________________________________________________
_______________________________________________________
Title Title
__________________________________________________________
_______________________________________________________
Date
Date |