DISCLOSURE AGREEMENT

 

In order to protect confidential information which may be disclosed between them,

Maelstrom Advanced Process Technologies Limited
of
First Floor
59-61 High Street West
Glossop
SK13 8AZ
England

and
__________________________________ (company)

of
_______________________ (address)

_______________________

_______________________

_______________________

agree that:

1. The confidential information to be disclosed under this Agreement is described as all technical or commercial information to be disclosed by one Party to the other, with the exception of those items of information, if any, that are clearly identified by the Originating Party as being non-confidential.

2. Confidential information includes, but is not limited to, computer programmes, computer codes (source and compiled), data, documentation, drawings, samples, models, prototypes, equipment, processes, ingredients, recipes, know-how, business plan or plans, inventions, improvements and trade secrets.

3. All information received in confidence under paragraph 1 will be and remain the property of the Originating Party together with any copyrights and other industrial property rights therein, and will be returned to the Originating Party on request.

4. The Receiving Party will take such reasonable steps as may be necessary, including restriction of information to persons strictly needing access thereto, in order to prevent disclosure of the technical or commercial information to others, and will not disclose the same to others without the written consent of the Originating Party.

5. The Receiving Party will not use or allow use of the technical or commercial information in commercial operation, or for any other purpose than the purpose for which it was disclosed, without the written consent of the Originating Party to such use.

6. In the event that the Receiving Party is required by judicial or administrative process to disclose information, the Receiving Party shall promptly notify the Originating Party and allow the Originating Party a reasonable time to oppose the process.

7. This Agreement imposes no obligation on the Receiving Party with respect to information that:

(a) was in the Receiving Party's possession before receipt from the Originating Party;

(b) is or becomes available to the public through no fault of the Receiving Party;

(c) is received in good faith by the Receiving Party from a third party and is not subject to an obligation of confidentiality owed to the third party.

8. The Originating Party warrants that it has the right to make disclosures under this Agreement.

9. This Agreement does not imply or create any licence in respect of any patents, designs, copyrights, or confidential information or know how.

10. Neither Party has an obligation under this Agreement to purchase any service or item from the other Party.

11. Neither Party has an obligation under this Agreement to offer for sale products using or incorporating confidential information.

12. The Effective Date of this Agreement is the ______ day of ___________ 2006.

13. The Receiving Party's duties under this agreement expire after ten (10) years from the Effective Date of this Agreement.

14. This Agreement shall be governed and construed in accordance with the laws of England and Wales, whose courts shall have exclusive jurisdiction over any dispute arising therefrom.

 

Signed for and on behalf of Maelstrom Advanced Process Technologies Limited

 

Authorised Signature: 
 
 ________________________________
Name (printed):
 
 ________________________________
Position:
 
 ________________________________
Place:
 
 ________________________________
Date:
 
 ________________________________

 

Signed for and on behalf of ___________________________ (company)

 
Authorised Signature: 
 
  ________________________________
Name (printed):
 
  ________________________________
Position:
 
  ________________________________
Place:
 
  ________________________________
Date:
 
  ________________________________