This
Agreement is by and between Product Solutions International, Inc., a
Massachusetts corporation, together with its affiliates, directors,
officers and employees (PSI)
and____________________________________, located at
__________________________________
together with its affiliates, directors, officers and employees
(CLIENT).
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CLIENT
has created a product, including but not limited to artwork and
other intellectual property expressions which may or may not be
covered by patent and/or copyright law, which PSI is interested in
developing commercially in a multiplicity of possible projects
(collectively, the Project).
As part of getting and working on the Project, CLIENT has
disclosed or is about to disclose information, including, without
limitation, samples of its product(s) (the Information), both
written and oral, whether or not marked confidential, to PSI which
PSI agrees to keep confidential.
The Information used in the Project is and shall at all times
remain the property of CLIENT.
PSI is hereby granted a license to use the Information solely
for its internal discussions but may not sell it or redistribute it
separately. A separate
Agreement will govern the actual commercial development of the
Information and the rights of the parties thereunder.
PSI hereby grants CLIENT the right to visit the manufacturing
site of the Project from time to time, upon prior notice to PSI and
by mutual agreement between the parties.
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PSI
agrees that the Information is proprietary to CLIENT and
confidential, and that PSI (a) shall not disclose the Information to
any other person except to its officers, directors, selected
employees, agents, or consultants who must evaluate the Information;
(b) shall use the Information solely to evaluate whether PSI will
enter into an agreement with CLIENT and after agreement, will
consult with CLIENT about how the Information will be used; and (c)
will use not less than the same degree of care with the Information
which PSI would exercise with its own proprietary and confidential
information. CLIENT,
for its part, agrees to never make a separate arrangement with any
PSI recommended manufacturer for any projects without the prior
knowledge and written consent of PSI.
Paragraphs 1 & 2 survive termination of this
Agreement.
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The
Information shall not be deemed to be confidential or subject to
this Agreement if the Information (a) is at the time of disclosure
already known to PSI, publicly known or thereafter becomes publicly
known through no breach of this Agreement by PSI; (b) is explicitly
approved for release by prior written authorization of CLIENT, or
(c) is required to be disclosed by judicial or administrative action
after all reasonable legal remedies to maintain the Information as
secret have been exhausted, with the knowledge and participation of
CLIENT.
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PSI
acknowledges that CLIENTs Information represents important,
valuable aspects of its business.
Upon termination of discussions between PSI and CLIENT should
they not result in a business transaction, deal or agreement, and in
any event after the completion of the Project, all Information shall
be destroyed, or if requested in writing, be promptly returned to
CLIENT, which has retained title to the Information at all times.
PSI acknowledges that failure to materially comply with this
Agreement could constitute damage to CLIENT which may warrant
injunctive relief as well as any other remedies available to CLIENT.
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This
Agreement will be governed by the laws of the Commonwealth of
Massachusetts.
In
Witness whereof, the parties have caused this Agreement to be executed
by a duly authorized representative, under seal, as of the date set
forth below.
| Product
Solutions International, Inc.
By:
Darleen Flaig
Owner
Date:________________________________ |
Client
Company:________________________
By:
__________________________________
Title: ________________________________
Date:_________________________________ |
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