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efta-efta01120002DOJ Data Set 9OtherMUTUAL CONFIDENTIALITY AGREEMENT
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DOJ Data Set 9
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efta-efta01120002
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MUTUAL CONFIDENTIALITY AGREEMENT
This Agreement, dated and effective as of
and entered into by and between
parties agree as follows:
(the "Effective Date"), is made
and Gizmo Beverages, LLC. The
1.
DEFINITIONS.
1.1
"Confidential Information" means any trade
secrets or other information of Discloser, whether of a
technical, business or other nature (including, without
limitation, any information contained in any document
provided by Discloser to Recipient for translation,
information relating
to
Discloser's
technology,
software, products, services, designs, methodologies,
business plans, finances, marketing plans, customers,
prospects or other affairs), that is disclosed in any
manner to Recipient during the Term. Confidential
Information does not include any information that: (a)
is or was lawfully acquired by Recipient from a third
party and is not subject to an unexpired obligation to
such third party restricting Recipient's use or
disclosure thereof; (b) is independently developed by
Recipient without reliance upon or use of the
Confidential Information; or (c) is or has become
generally publicly available through no fault or action
of Recipient.
1.2 "Confidential Materials" means any
document, diskette, tape, writing or other tangible item
that contains any Confidential Information, whether in
printed, handwritten, coded, magnetic or other form
and whether delivered by Discloser or made by
Recipient.
1.3 "Term" means the period beginning with
the Effective Date and ending five (5) years after either
party gives the other written notice of termination.
2.
RESTRICTIONS.
2.1 Confidential Information and Confidential
Materials are made available to Recipient solely for the
purpose of enabling Recipient to more thoroughly
evaluate a potential investment in Discloser. Recipient
will not use, disclose, disseminate or distribute any
Confidential Information or Confidential Materials for
any other purpose without the prior written consent of
Discloser. Without limiting the foregoing, Recipient
will not use any Confidential Information or
Confidential Materials to design, develop, provide or
market any product or service that would compete with
any product or service of Discloser, or assist any
person or entity who Recipient knows, or could
reasonably know, to be engaged in any business which
is competitive with any product or service in which
Discloser is, or demonstrably expects in the future to
be, engaged.
2.2 Recipient will protect any Confidential
Information and Confidential Materials from any
unauthorized use, disclosure, copying, dissemination
or distribution. Without limiting the foregoing,
Recipient will: (a) make the Confidential Information
and Confidential Materials available only to those of
its employees, agents and other representatives who
have a need to know the same for the purpose specified
in paragraph 2.1, who have been informed that the
Confidential Information and Confidential Materials
belong to Discloser and are subject to this Agreement,
and who have agreed or are otherwise obligated to
comply with this Agreement; (b) not disclose the
Confidential Information to any third party; (c) make
or copy the Confidential Materials only as reasonably
required for the purpose specified in paragraph 2.1; (d)
not deliver, distribute, display, demonstrate or
otherwise make available the Confidential Materials to
any third party except as provided in clause (a) above;
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EFTA01120002
(e) not reverse engineer, decompile or disassemble any
computer program included in such Confidential
Materials except to the extent permitted by law; and
(t) not remove or obliterate markings (if any) on
Confidential Information indicating its proprietary or
confidential nature. In any event, Recipient will be
responsible for any breach of this Agreement by
anyone
receiving
Confidential
Information
or
Confidential Materials from or through Recipient.
Recipient will, at its sole expense, take all-reasonable
measures (including, but not limited to, court
proceedings) to restrain prohibited or unauthorized
disclosure or use of the Confidential Information or
Confidential Materials by anyone receiving the
Confidential Information or Confidential Materials
from or through Recipient.
2.3 Notwithstanding paragraph 2.2, Recipient
may disclose or produce any Confidential Information
or Confidential Materials if and to the extent required
by any discovery request, subpoena, court order or
governmental action, provided that Recipient gives
Discloser reasonable advance notice of the same (e.g.,
so as to afford Discloser a reasonable opportunity to
appear, object and obtain a protective order or other
appropriate relief regarding such disclosure).
2.4 All
Confidential
Information
and
Confidential Materials are the property of Discloser.
This Agreement will not be interpreted or construed as
granting any license or other right under any patent,
copyright, trademark, trade secret or other proprietary
right. Recipient will hold all Confidential Materials in
trust for Discloser and will promptly destroy them or
deliver them to Discloser upon the earlier of
Discloser's request or when they are no longer needed
for the purpose described in paragraph 2.1. Upon
Discloser's
request, Recipient
will
certify
its
destruction of such Confidential Information.
2.5 Recipient will comply with any and all
applicable laws relating to the use, disclosure, copying,
dissemination and distribution of any Confidential
Information or Confidential Materials (including, but
not limited to, any and all laws relating to Discloser's
proprietary rights or the export of any technical data
included in such Confidential Information).
3.
MISCELLANEOUS.
3.1 Recipient's obligations with respect to any
Confidential Information and Confidential Materials
will survive any termination of the Term.
3.2 In the event of any breach of this
Agreement, Discloser may suffer irreparable harm and
have no adequate remedy at law. In such event or the
threat of any such event, Discloser will be entitled (in
addition to any and all other remedies) to injunctive
relief, specific performance and other equitable
remedies without proof of monetary damages or the
inadequacy of other remedies.
3.3 The prevailing party will be entitled (in
addition to any and all other remedies) to recover any
and all costs and expenses (including, without
limitation, reasonable attorneys' fees) that it may incur
in connection with any legal action to enforce this
Agreement or to recover damages or other relief on
account of any breach of this Agreement.
3.4 The protections afforded to the Confidential
Information and Confidential Materials under this
Agreement are in addition to, and not in lieu of, the
protections afforded to the same under any applicable
trade secrets laws, including the Uniform Trade
Secrets Act.
3.5 This Agreement will be
interpreted,
construed and enforced in accordance with the laws of
the State of California without regard to its choice of
law principles to the contrary.
Recipient hereby
irrevocably consents to the jurisdiction and venue of
any state or federal court located in Los Angeles,
California, with regard to any legal action or
proceeding relating to this Agreement.
3.6 This Agreement will not be construed as an
obligation by either party to enter into a contract,
subcontract, or other business relationship.
3.7 This Agreement may not be amended,
except by a writing signed by both of the parties.
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Gizmo Beverages, LLC
900 S. Main Street, Penthouse
Los Angeles, CA 90015
By: Don Park
By:
Its: Founder
Its:
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