Form Overview
The Nondisclosure Agreement for inventions protects the disclosing party by defining the related invention or technology as confidential information. The proprietary technology (or invention), as a subset of confidential information, is also defined as a trade secret. Ownership of the technology is expressly reserved to the disclosing party. Use of the proprietary technology (or invention) is expressly reserved to evaluating a possible business relationship with the disclosing party, with all other uses by the receiving party requiring advance written approval. The agreement also imposes a noncompete obligation on the receiving party, as well as an employee pirating restriction. You can find answers to your questions using our extensive library of
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