2. The Receiving Party agrees that the Proprietary Information shall not be used except for the following purpose:
Better Than Good Movie Script and other information. Etc
Definition. For the purposes of this Agreement, "Confidential Information" means any non-public information in any form, tangible or intangible, technical data, documents, proprietary information, or know-how, including, without limitation, that which relates to personal items, personal property, personal or private information, services, finances, financial statements and/or summaries, and/or other information deemed by MP to be confidential in nature, which Confidential Information is: (i) designated in writing to be confidential or proprietary; (ii) if given orally or observed, is stated as or confirmed promptly in writing thereafter as having been disclosed as confidential or proprietary; (iii) is part of an ongoing disclosure of substantially similar documents and/or information previously deemed and recognized as confidential or proprietary; (iv) is understood to be of the type and nature normally understood to be confidential, or (v) is communicated to MEMBER, or otherwise acquired by MEMBER from MP, during the course of the MP- Member Relationship, whether such information is formally designated as confidential or not. Confidential Information does not include information, tangible or intangible, documents, or know-how that: (i) is already in the possession of or is readily known to the MEMBER at the time of disclosure, as shown by the MEMBER's files and records immediately prior to the time of the disclosure; (ii) prior or after the time of disclosure becomes part of the public domain through no fault or result of any wrongdoing of the MEMBER, including, without limitation, breach of this Agreement; or (iii) or hereafter disclosed to a third party by MP without restriction on disclosure or use.
3. The Receiving Party further agrees to limit the use of and access to the Disclosing Party's Proprietary Information to the Receiving Party's employees who need to know such Proprietary Information for said purposes. It shall cause such employees to comply with the obligations set forth herein.
4. The Disclosing Party agrees that the foregoing obligations shall not apply with respect to information that (i) was in the possession of the Receiving Party or known by it prior to receipt from the Disclosing Party, or (i) was rightfully disclosed to the Receiving Party by another person without restriction, or (iii) was independently developed by the Receiving Party without access to such Proprietary Information, or (iv) is required to be disclosed pursuant to any statutory or regulatory authority or court order provided the Receiving Party has given the Disclosing Party prompt notice of such requirement and the opportunity to contest it.
5. Immediately upon a request by the Disclosing Party at any time, the Receiving Party will turn over to the Disclosing Party all Proprietary Information of the Disclosing Party and all documents or media containing any such Proprietary Information and all copies or extracts thereof and will promptly and permanently delete any Proprietary Information which is electronically or optically recorded or stored.
6. The Receiving Party acknowledges and agrees that due to the unique nature of the Disclosing Party's Proprietary Information, there can be no adequate remedy at law for any breach of its obligation hereunder, that any such breach may allow the Receiving Party or third parties to unfairly compete with the Disclosing Party resulting in irreparable harm to the Disclosing Party, and therefore, that upon any such breach or any threat thereof, the Disclosing Party shall be entitled to seek appropriate equitable relief in addition to whatever remedies itmight have at law. The Receiving Party will notify the Disclosing Party in writing immediatelyupon the occurrence of any such unauthorized release or other breaches. In the event that anyof the provisions of this Agreement shall be held by a court or other tribunal of competentjurisdiction to be unenforceable, the remaining portions hereof shall remain in full force andeffect.
7. Neither party acquires any intellectual property rights under this Agreement or any disclosure hereunder, except the limited right to use such Proprietary Information in accordance with this Agreement.
8. NO WARRANTIES OF ANY KIND (INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE) ARE GIVEN WITH
RESPECT TO THE PROPRIETARY INFORMATION DISCLOSED OR USED UNDER THIS AGREEMENT AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR DAMAGES ARISING OUT OF OR CAUSED BY DEFECTS OR DEFICIENCIES IN THE PROPRIETARY INFORMATION OF EITHER PARTY. WHETHER DIRECT. INCIDENTAL. CONSEQUENTIAL OR OTHERWISE.
9. This Agreement supersedes all prior discussions and writings and constitutes the entire agreement between the parties with respect to the subject matter hereof. No waiver or modification of this Agreement will be binding upon either party unless made in writing and signed by a duly authorized representative of such party, and no failure or delay in enforcing any right will be deemed a waiver. The obligations of non-use and non-disclosure shall survive for a period of 6 Months from the date of disclosure of the Proprietary Information. This Agreement shall be governed by the laws of the State of Illinois and may be enforced in any court in Illinois
10. This Mutual Non-Disclosure Agreement shall be signed on behalf of
TruHoodEnt.Com by Christopher Tru Hood, CEO, and by______________
11. Return of Materials. Any materials or documents that have been furnished by MP to MEMBER shall be promptly returned, accompanied by all copies of such documentation, or destroyed, after the termination or expiration of the MP-Member Relationship, or upon the written request of MP, and MEMBER shall certify in writing to MP the return or destruction of such Confidential Information.
12. No License. Nothing in this Agreement is intended or shall be construed as granting any ownership or proprietary right of MP, nor shall this Agreement or the delivery of Confidential Information grant MEMBER any rights in or to MP's Confidential Information, except for the limited right to review such Confidential Information in conjunction with the MP - Member Relationship.
13. Term. Either Party may terminate the MP-Member Relationship at any time and without further obligation to the other Party by providing a written notice (which may be affected by email) to the other Party ("Termination Notice") The commitments of MEMBER to maintain the confidentiality of MP's Confidential Information under this Agreement shall survive any termination of the MP - Member Relationship for such period of time ending on the date that the Confidential Information is no longer deemed confidential or proprietary by MP.