NON DISCLOSURE AND CONFIDENTIALITY AGREEMENT
WHEREAS:
A. Licensor owns or
is in legitimate possession of proprietary computer programs called Lighting Webs
hereinafter: the Software.
B. The intellectual
property rights with respect to the Software belong to the Licensor
C. Licensor is
willing to give access to use the demonstration Software in accordance with the
terms and conditions of this Agreement.
NOW THEREFORE, in consideration of the mutual promises contained
herein, the parties hereto agree as follows:
1. Proprietary and Confidential Information
1.1 In connection with the Agreement each party (the Disclosing
Party) may find it beneficial to disclose to the other party (the Receiving
Party) certain confidential/proprietary information (the
"Information") relating to itself or its subsidiaries, holding
companies or subsidiaries of its holding companies which may include, but is
not limited to, the Software and their associated documentation, trade or business
secrets, discoveries, ideas, concepts, know-how, techniques, designs,
specifications, drawings, blueprint, diagrams, flow charts, data, computer
programs, marketing plans, customer names and other technical, financial, or
business information.
1.2 The Receiving Party acknowledges the
proprietary rights of the Disclosing Party in and to the Information disclosed
to the Receiving Party in accordance with the terms of this Agreement. The
Receiving Party further acknowledges that such Information is properly considered
to be trade secrets, in that it involves processes and compilations of
information which are secret, confidential and not within the public domain,
and which are the product of the Disclosing Partys expenditure of time,
effort, money and/or creative skills. The Receiving Party also acknowledges and
agrees that the Information is disclosed to it on a confidential and secret
basis.
1.3 The Receiving Party agrees that it will
not use, sell, publish, disclose or otherwise divulge to any person, except
employees, contractors or agents who have a need to know the Information with
regard to the Project and who are bound by similar nondisclosure terms. The
Receiving Party shall protect the confidentiality of Information and shall not
disclose Information to any other persons without the Disclosing Partys
express written consent. The Receiving Party shall not use such information in
any way other than in connection with the Project and shall not make any copies
of Information except where absolutely essential for the purposes of the
Project. The Receiving Party shall use its best endeavours to prevent persons
not authorised by the Disclosing Party from having access to Information. All
of the above obligations shall apply both during and after completion of the Project.
1.4 For the avoidance of doubt, any data,
information, item or other matter disclosed to the Receiving Party by the
Disclosing Party after the execution of this Agreement shall be conclusively
deemed to be Information unless the Disclosing Party, in its sole discretion,
states otherwise in writing.
1.5 Notwithstanding the above, the provisions
of sections 1.1, 1.2 and 1.3 shall not apply to any data, information, item or
other matter which is in the public domain at the time of disclosure to the Receiving
Party, or which is thereafter disclosed to the Receiving Party, as a matter of
right by a third person or persons without obligation of confidentiality, or
which thereafter passes into public domain by acts other than the unauthorised
acts of the Receiving Party or some other third party.
1.6. The Receiving Party agrees that all tangible objects containing
or relating to the Information described in section 4.1 are the sole and
exclusive property of the Disclosing Party.
The Receiving Party will not remove any such tangible objects from the
premises of the Receiving Party except where necessarily used in its work and
the Receiving Party will, upon termination of this agreement or upon demand by
the Disclosing Party, forthwith return to the Disclosing Party all materials
which were furnished to the Receiving Party hereunder and shall not make or
retain copies for its use or for any other purpose.
2. Intellectual
Property Rights
2.1 No provision of this Agreement shall limit any rights of
Licensor under any copyright, patent, or other applicable law.
2.2 Licensor shall indemnify and keep indemnified the Licensee
(and any other party authorised by the Licensee to use the Software or relevant
standard documentation) against all and any losses, costs, damages, awards and
expenses arising out of or in relation to any claims that the possession, use
or supply of the Software or documentation infringes any copyright, patent,
design (whether registered or unregistered), trademark or any other right of
whatsoever nature of any third party or is otherwise in breach of any license
or other agreements.
3. General
3.1. No modification of any of the terms of this Agreement shall be
valid unless in writing and signed on behalf of the Licensee and Licensor.
3.2. This Agreement shall be governed by the laws of Minnesota and
the parties hereto submit to the jurisdiction of the courts of Minnesota.
By Logging into the system, the Licensee
hereby agrees to all terms and conditions stated above.