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Following is an example of a
Confidentiality Agreements corresponding to a first stage
(unsolicited invention) agreement. While there is no set
standard for such agreements, the following agreement should
roughly correspond to agreements you will encounter from most
companies. (From Invention City, Inc. - modeled on
agreements from Fortune 500)
Disclosure
Agreement
Invention City deeply appreciates the efforts of
inventors who wish to submit projects for review to Invention
City and its Partners. The nature of these submissions and the
legal considerations associated with them require that the
procedures and conditions set forth in this Agreement be
accepted and agreed to in writing. Invention City asks that
you review the terms of this Agreement before proceeding with
your submission. A signed copy of this Agreement must
accompany all submissions or the submission will be
immediately returned without review.
Invention City and its Partners are continually
engaged in research, development and marketing of many ideas,
unpublished materials, inventions and products of their own
and of others. There is always the possibility of a conflict
between your submission and items being developed by Invention
City and its Partners. For this reason, Invention City cannot
consider any submission which creates a confidential or
contractual obligation for itself or any of its Partners: this
Agreement shall not curtail the ability of Invention City and
its Partners to pursue business interests in any way.
Before making any submission, you should protect
your proprietary rights to your own satisfaction. You should
discuss any questions regarding this Agreement with a
professional advisor of your own choice. Invention City and
its Partners are not responsible for any expense related to
advice on your submission or for the protection of your idea.
Submissions must be made using the Invention City
Submission Form together with any other relevant documents. If
an issued patent covers the submission, a copy of that patent
should be included. You should keep the original or an exact
copy of your submission for future reference. Materials
submitted to Invention City and its Partners will not be
returned.
In the act of processing and evaluating your
submission numerous people both inside and outside of
organizations related to Invention City and its Partners may
learn the details of your submission. Therefore, Invention
City and its Partners cannot treat your submission as
confidential or secret.
Your submission will be reviewed under guidelines
set independently by Invention City and its Partners. You will
only be told if there is interest in your submission. If there
is no interest in your submission, Invention City and its
Partners are not obligated to tell you or to offer an
explanation.
It is agreed and understood that, with regard to
your submission, no confidential relationship or obligation of
any kind exists between you and Invention City or you and any
of Invention City’s Partners unless and until a formal written
agreement has been entered into, and then, only as expressed
in that agreement.
The rights and liabilities arising out of your
submission are defined solely by the protection available
under applicable United States laws relating to patents,
copyrights and/or trademarks. Except to the extent that any
feature of your submission is protected by a claim of an
in-force US Patent, or copyright or trademark protection,
Invention City and its Partners shall be free to use your
submission and information gained from researching your
submission in any way. Nothing contained in this Agreement, or
the receipt and evaluation of your submission, shall limit the
right of Invention City or its Partners to contest the
validity or infringement of any asserted protection.
Material similar to your submission may already be
known to Invention City and its Partners either in the public
domain or in prior art patents or in the known works of
others, including the past and present works of employees and
associates of Invention City and its Partners. Materials of
similar nature may be submitted to Invention City and its
Partners. Invention City and its Partners are under no
obligation to reveal patents or projects the same or similar
to your submission or to reveal any information learned
through investigating your submission.
Any negotiations that may arise between you and
Invention City or its Partners with regard to acquiring the
rights to a submission shall not be prejudicial to Invention
City or its Partners in any way and shall not be considered an
admission of any novelty or usefulness or priority or
originality of the submission.
This submission is being made solely at the request
of the submitter. The submitter represents a good faith
belief that it has the sole and complete right(s) to offer the
submission to Invention City and its Partners and that no
other person or company has any rights to the submission.
This Agreement applies to Invention City and its
Partners, their employees, agents and affiliated companies.
This Agreement also applies to any additional written or oral
disclosures that might be made incidental to the submission,
whether made before now, at the same time as this submission,
or at a later date. These conditions may be superseded only by
a subsequent written agreement between the submitter and
Invention City and/or its Partners.
This Agreement will be governed by Massachusetts law
and all disputes under this Agreement will be settled in
accordance with the rules of the American Arbitration
Association to be held in Boston, Massachusetts.
I/We have had the opportunity to review the
preceding Agreement with a professional legal advisor. I/We
have read the preceding Agreement and fully understand and
agree to its terms and conditions.
Name:
_______________ Date: __________
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