Nature and Purpose. DRB and the Company (each hereinafter referred to as a “Party” and collectively referred to as the “Parties”) desire to engage in discussions or other communications regarding certain potential business arrangements and/or contractual relationships which may involve the disclosure of financial, proprietary, competitively sensitive, and/or market sensitive information, and/or contain trade secrets. The purpose of this Agreement is to define the Parties’ rights and obligations with respect to such information. This Agreement does not obligate either Party to disclose any information to the other or to enter into any other agreement or arrangement, nor shall it be construed as granting any rights by license or otherwise in any such information including, but not limited to, designs, software or inventions of either Party. Notwithstanding the disclosure of any such information, each Party shall retain title and all intellectual property and proprietary rights in its disclosed information. For purposes of this Agreement, the term “Affiliate" shall mean all entities now or hereafter controlling, controlled by, or under common control with, directly or indirectly, a party to this Agreement.
Appears in 3 contracts
Sources: Mutual Non Disclosure Agreement, Mutual Non Disclosure Agreement, Mutual Non Disclosure Agreement