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TERMS OF USE
The Terms of Use (Agreement) becomes effective upon dispatch of
your request (hereinafter referenced as "User") for a
demonstration of the application. The Agreement is by and between
ProspectingSuccess.com, a division of Intel Capital Partners, LLC
(Company) AND User.
User shall include all direct and
indirect subsidiaries and parents, and their respective directors,
officers, and employees ("affiliates"), and the rights and
obligations of the User shall inure to such affiliates and may be
enforced directly by or against such affiliates. Additionally,
User shall include any employees, officers, directors, agents,
assigns, and any entity or contractual relationship the same
possesses a direct, indirect or beneficial interest in.
As an express condition to each
party disclosing Confidential Information to the other party and
in consideration of the mutual promises and covenants herein, the
parties agree as follows:
1.
Non-Disclosure.
User shall
hold all Confidential Information (as defined in Section 2) in
strict confidence and shall not disclose any Confidential
Information to any third party, without the prior written approval
of the Company. User shall disclose Confidential Information only
to employees who need to know such information to evaluate the
possible business transaction with the Company, and who have
entered into this Agreement, by requesting a demonstration at
ProspectingSuccess.com. User shall not use any Confidential
Information for any purpose except to evaluate a possible business
transaction with the Company. User shall take all reasonable
measures to protect the confidentiality and avoid the unauthorized
use, disclosure, publication, or dissemination of Confidential
Information; provided, however, that such measures shall be no
less stringent than measures taken to protect User's own
confidential and proprietary information. User agree that User
will not interfere with any business of the Company through the
use of any Confidential Information acquired hereunder nor use any
Confidential Information for User's own account. User acknowledges
that the Company is neither responsible nor liable for any
business decisions made by User in reliance upon any Confidential
Information disclosed pursuant hereto.
2.
Confidential Information.
"Confidential Information" in this Agreement means all information
and any idea in whatever form, tangible or intangible, whether
disclosed to or learned by User, pertaining in any manner to the
business of the Company or to the Company's affiliates,
subsidiaries, consultants or business associates, whether in
written, oral, encoded, graphic, magnetic, electronic or in any
other tangible or intangible form, and whether or not labeled as
confidential by the Company or otherwise provided by the Company.
"Confidential Information" includes, without limitation, the
following: (a) contacts, schematics, techniques, employee
suggestions, development tools and processes, computer printouts,
computer programs, design drawings and manuals, and improvements;
(b) information about costs, profits, markets and sales; (c) plans
for future development and new product concepts; and (d) all
documents, books, papers, drawings, models, sketches, and other
data of any kind and description, including electronic data
recorded or retrieved by any means, that have been or will be
given to User by the Company, as well as written or verbal
instructions or comments.
3
Use
of Information by Recipient.
User agrees to use the Confidential Information only for the
purposes of evaluating the possibility of a future collaboration
with the Company and in connection with such future collaboration,
if any. User agrees to restrict disclosure of the Confidential
Information solely to its employees and agents who have a need to
know such Confidential Information and to advise such persons of
their obligations under this Agreement. Further, User shall not
disclose the Confidential Information to third parties, including
independent contractors or consultants, without the prior express
written consent of the Company, and shall advise such third
parties of their obligations hereunder. User agrees to use
reasonable means, not less than those used to protect User's own
proprietary information, to safeguard the Confidential
Information.
4
Non-circumvention/ No Reverse Engineering.
For twenty four months (24) months after the
termination of this Agreement, in writing, User and User's
officers and directors, separately and individually, will not make
any effort to circumvent the terms of this Agreement or in any way
reverse engineer any Company relationship or Confidential
Information. Additionally, User shall not take any action to
indirectly gain the benefits of the Confidential Information or
the Company’s relationships, including but not limited to, (a)
contracting directly with any employee, independent contractor,
consultant or Strategic Partner of the Company or (b) hiring or
contracting with any future employee, independent contractor,
consultant or Strategic Partner of the Company.
5
Remedies.
User agree that the unauthorized disclosure or use of Confidential
Information (including Circumvention of the Company) will cause
irreparable harm and significant injury, which may be difficult to
ascertain. User recognize that any violation of this Agreement
could cause the Company irreparable harm and significant injury,
the amount of which may be extremely difficult to estimate, thus,
making any remedy at law or in damages inadequate. Therefore,
User agree that the Company shall have the right to apply to any
court of competent jurisdiction for an order restraining any
breach or threatened breach of this Agreement and for any other
relief the Company deems appropriate. This right shall be in
addition to any other remedy available to the Company in law or
equity.
6
Ownership of the Information.
The
Company retains title to its respective Confidential Information
and all copies thereof. User hereby acknowledges that the
Confidential Information is proprietary to the Company. Further,
User represents that it has no agreement with any other party that
would preclude its compliance with this Agreement.
7
Survival. User's duty of
confidentiality, non circumvention and no reverse engineering
under this Agreement shall survive the termination of this
Agreement.
8
General. This Agreement shall be
binding upon and for the benefit of the Company upon User and
User's respective successors and assigns. Failure to enforce any
provision of this Agreement shall not constitute a waiver of any
term hereof. This Agreement supersedes and replaces any existing
agreement entered into by the parties relating generally to the
same subject matter, and may be modified only in writing signed by
the Company. The Company shall recover from User any fees, costs
and/or expenses reasonably incurred to enforce this Agreement
and/or any damages for any violation hereunder. This Agreement
contains the entire agreement between the parties, and shall be
governed by Florida Law, with venue proper in Orange County,
Florida. |