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Mutual
Non-Disclosure Agreement
I understand that Rapid Learning
Deployment, LLC (also referred to as rapidLD) has disclosed or may disclose information relating to tools and
methods used to deliver professional services for any and all Learning
related businesses [to the Disclosing Party's business (including, without
limitation, technical drawings, algorithms, know-how, formulas, processes,
ideas, inventions (whether patentable or not), schematics and other
technical, business, financial, customer and product development plans,
forecasts, strategies and information)], which to the extent previously,
presently, or subsequently disclosed to the Receiving Party is hereinafter
referred to as "Proprietary Information" of the Disclosing
Party.
In consideration of the parties'
discussions and any access of the Receiving Party to Proprietary
Information of the Disclosing Party, the Receiving Party hereby agrees as
follows:
- The Receiving Party agrees: (i) to
hold the Disclosing Party's Proprietary Information in confidence and
to take reasonable precautions to protect such Proprietary Information
(including, without limitation, all precautions the Receiving Party
employs with respect to its confidential materials), (ii) not to
divulge any such Proprietary Information or any information derived
therefrom to any third person, (iii) not to make any use whatsoever at
any time of such Proprietary Information except to evaluate internally
its relationship with the Disclosing Party, (iv) not to copy or
reverse engineer any such Proprietary Information, and (v) not to
export or reexport (within the meaning of U.S. or other export control
laws or regulations) any such Proprietary Information or product
thereof.
- Immediately upon a request by the
Disclosing Party at any time the Receiving Party will turn over to the
Disclosing Party all Proprietary Information of the Disclosing Party
and all documents or media containing any such Proprietary Information
and any and all copies or extracts thereof. The Receiving Party
understands that nothing herein (i) requires the disclosure of any
Proprietary Information of the Disclosing Party or (ii) requires the
Disclosing Party to proceed with any transaction or relationship.
- This Agreement applies only to
disclosures made before the first anniversary of this Agreement. The
Receiving Party acknowledges and agrees that due to the unique nature
of the Disclosing Party's Proprietary Information, there can be no
adequate remedy at law for any breach of its obligations hereunder,
which breach may result in irreparable harm to the Disclosing Party,
and therefore, that upon any such breach or any threat thereof, the
Disclosing Party shall be entitled to appropriate equitable relief [,
without the requirement of posting a bond,] in addition to whatever
remedies it might have at law. In the event that any of the provisions
of this Agreement shall be held by a court or other tribunal of
competent jurisdiction to be illegal, invalid or unenforceable, such
provisions shall be limited or eliminated to the minimum extent
necessary so that this Agreement shall otherwise remain in full force
and effect. This Agreement shall be governed by the law of the State
of Georgia without regard to the conflicts of law provision thereof.
This Agreement supersedes all prior discussions and writings and
constitutes the entire agreement between the parties with respect to
the subject matter hereof. The
prevailing party in any action to enforce this
Agreement shall be entitled to costs and attorneys' fees. No waiver or
modification of this Agreement will be binding upon a party unless
made in writing and signed by a duly authorized representative of such
party and no failure or delay in enforcing any right will be deemed a
waiver.
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