NON-DISCLOSURE AGREEMENT
This Agreement is made between Visual Information Services Corp.
(VIScorp), a Nevada corporation, having offices at 111 North Canal
Street, Suite 933, Chicago, Illinois 60606-7204, and
__________________________________________________________________.
WHEREAS, the parties find it mutually beneficial to discuss business
and technical matters relating to set-top boxes and/or Amiga computer
hardware or software.
WHEREAS, it is in the interest of both parties to disclose, one party
to the other, certain information that is considered confidential and
proprietary in order to most effectively further the purpose of these
discussions and only to further the purposes of these discussions,
NOW, THEREFORE, it is agreed as follows:
- Information relating to the Business may be designated as
confidential and/or proprietary by a party if it is reasonably held by
that party to be relevant to the success of its business and it is not
known to the public. A party that furnishes confidential information
shall be designated the "Discloser". The party receiving such
information shall be designated the "Recipient".
- For the purpose of the Agreement, written information that is
considered confidential or proprietary shall be so marked by the
Discloser. Information that is furnished orally shall be considered
confidential if the Discloser so indicated.
- In addition to the above, furnished information shall be
confidential if it is obvious from its content in the context under
which it is furnished that it is confidential.
- The Discloser may give notice in writing that written or verbal
information that has been previously furnished, but not declared
confidential, is in fact confidential. This information is to be
treated as "Confidential" by the Recipient from the time of receipt of
said notice. The Recipient is to make reasonable efforts to mark all
written copies of such information under its control as "Confidential"
or "Proprietary" and to make reasonable effort to inform the Discloser
of any disclosures by the Recipient to third parties of such information
that have occurred between the time of receipt of the information and
receipt of notice that it is confidential. Recipient has no
responsibility to attempt to control the use of such information by
such a third party.
- For a period of five (5) years from the date of receipt, all
Confidential information shall be maintained in confidence by Recipient,
shall not be disclosed to any third party, and shall be protected with
the same degree of care as recipient normally uses in the protection of
its own confidential and proprietary information, but in no case with
any less degree than reasonable care. Recipient further agrees not to
use any confidential information received from Discloser except for the
purposes set forth herein.
- The restrictions herein set forth shall not apply with respect to
information designated by Discloser as Confidential which:
- Is known by Recipient at the time of receipt as evidenced by
Recipient's records, or
- Is or becomes a part of the public domain without breach of the
Agreement by Recipient, or
- Is obtained by Recipient from a third party under conditions
permitting its disclosure to others, or
- Is independently developed by Recipient, or
- Is disclosed by Recipient pursuant to judicial action or
Government regulations provided Recipient notifies Discloser prior
to such disclosure and cooperates with Discloser in the event
Discloser elects to legally contest and avoid such disclosure.
- Except as expressly herein provided, this Agreement shall not be
construed as granting or conferring, either expressly or implicitly, any
rights, licenses, or relationships by the furnishing of Confidential
information pursuant to the Agreement.
- All tangible information, including drawings, specifications and
other information furnished hereunder shall remain the property of the
Discloser. If either party elects not to pursue any further business
undertaking, Recipient (being either or both of the parties) shall
promptly return all tangible information, including any and all copies
or partial copies thereof.
- This Agreement shall become effective as of date second written
below and shall terminate two (2) years thereafter. Expiration of the
term of the Agreement shall not relieve either party of any obligation
set forth in Paragraph 5 with respect to Confidential information, and
all such obligations shall continue until expiration of the period set
forth in Paragraph 5.
- This Agreement shall be subject to and construed in accordance with
the laws of the State of Nevada in the United States of America.
IN WITNESS WHEREOF, this Agreement has been executed as of the date
second written below.
Visual Information Services Corp.
By: By:
Name: Name:
Title: Title:
Date: Date:
Address: Address:
Phone: Phone:
FAX: FAX:
EMail: EMail:
www.vistv.com