Invention Steps NDA
THIS NON-DISCLOSURE AGREEMENT (THE AGREEMENT) is by and between INVENTION STEPS and the party identified as the INVENTOR and sets out the terms on which the parties have exchanged or will exchange Confidential Information.
1.1 No intellectual property is transferred to INVENTION STEPS by way of this agreement.
1.2 INVENTION STEPS agrees to keep confidential all confidential information relating to the project for thirty (30) years.
1.3 INVENTION STEPS will not make notes, sketches, drawings, photographs, samples or the like of the project without consent from the INVENTOR.
1.4 INVENTION STEPS may disclose the confidential information to its officers and employees who (a) genuinely require the Confidential Information to enable them to perform their respective roles in connection with the project, (b) are informed as to the confidential status of the Confidential Information, and (c) are bound by obligations of confidentiality no less restrictive than the terms of this agreement.
1.5 INVENTION STEPS agrees that on the written request of the INVENTOR, to immediately return to the INVENTOR any documents or other material (including copies) in any form or medium whatsoever containing or embodying the Confidential Information.
1.6 INVENTION STEPS agrees not to disclose the Confidential Information to any person other than those referred to in clause 1.4.
1.7 INVENTION STEPS agrees to take all reasonable precautions to ensure its officers, employees, agents and contractors do not disclose or make unauthorized use of the Confidential Information.
1.8 INVENTION STEPS agrees not to copy the Confidential Information except to the extent reasonably necessary for the project.
1.9 INVENTION STEPS agrees to notify INVENTOR immediately on becoming aware or suspecting that an unauthorized disclosure or use of the Confidential Information has occurred or is likely to occur.
1.10 INVENTION STEPS will not be bound to preserve the confidentiality of information if and to the extent that (a) the information is known to INVENTION STEPS before its disclosure by INVENTOR, (b) the information is lawfully obtained by INVENTION STEPS from a source other than INVENTOR without any restriction as to its use or disclosure, (c) the information is or becomes public knowledge, other than by breach of this agreement by INVENTION STEPS, or (d) the disclosure of the information is required by the lawful requirement of any government or governmental body, authority or agency with authority over INVENTION STEPS, any stock exchange listing rule by which INVENTION STEPS is bound or otherwise by law.
1.11 The laws of Queensland, AUSTRALIA shall govern this Agreement and its validity. Each party submits to the exclusive jurisdiction of courts exercising jurisdiction there in connection with matters concerning this agreement.
1.12 The delivery of this agreement by email will have the same force and effect as delivery of the agreement bearing original signatures and each party may rely on copies of signatures on behalf of the other party or parties as evidence of the execution and delivery of this agreement by that other party or those other parties to the same extent that it could rely on original signatures.
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Signed by Jason Koch
Signed On: April 4, 2017
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Document Name: Invention Steps NDA
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