Sample "Confidential Disclosure Agreement Template"

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Download Sample "Confidential Disclosure Agreement Template"

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CONFIDENTIAL DISCLOSURE AGREEMENT
THIS CONFIDENTIAL DISCLOSURE AGREEMENT (this “Agreement”) is made and entered into
as of the date of last signature below (the “Effective Date”), by and between ____________________
(“University”) and GlaxoSmithKline LLC, a Delaware limited liability company having offices at Five Moore
Drive, Research Triangle Park, NC 27709 (“GSK”).
1)
Definitions.
a) “Affiliate” means any corporation or non-corporate entity which controls, is controlled by or is under
common control with a party. A corporation or non-corporate entity, as applicable, will be regarded as in
control of another corporation if it owns or directly or indirectly controls at least fifty percent (50%) of
the voting stock of the other corporation or (i) in the absence of the ownership of at least fifty percent
(50%) of the voting stock of a corporation or (ii) in the case of a non-corporate entity, if it possesses,
directly or indirectly, the power to direct or cause the direction of the management and policies of such
corporation or non-corporate entity, as applicable.
b) “Confidential Information” means any and all information that is disclosed on or after the Effective
Date whether orally or in written, electronic or other tangible form by a party hereunder, or any of its
Affiliates (the “Disclosing Party”) to the other party hereunder, or any of its Affiliates (the “Receiving
Party”), and:
(i)
With respect to the Confidential Information disclosed by GSK, such information shall relate to
certain GSK research and development activities, programs, and competition initiatives sponsored by
GSK's Discovery Partnership with Academia group (Discovery Fast Track Competition); and
(ii)
With respect to the Confidential Information disclosed by University, such information shall
relate to certain University research activities, programs and proposals involving the University’s
submission to GSK’s Discovery Fast Track Competition, more specifically, (General topic of submission
to be provided prior to finalizing this Agreement).
2)
Purpose of Disclosure. The Confidential Information is being disclosed by each party for the purposes
of discussion and evaluation relating to the parties’ interest in entering into a potential business
relationship (hereinafter, the “Purpose”).
3)
Maintenance of Confidentiality; Nonuse Obligations.
a) The Disclosing Party’s Confidential Information shall be kept confidential by Receiving Party and, except
as otherwise permitted herein, shall not be disclosed by the Receiving Party to any third party without
first obtaining the Disclosing Party’s prior written consent to such disclosure. The Receiving Party shall
protect the Confidential Information of the Disclosing Party in the same manner it protects its own
confidential information of a similar nature, which shall be at least a reasonable standard of care. The
Receiving Party may disclose the Disclosing Party’s Confidential Information only to the Receiving
Party’s officers, employees, consultants or agents and/or officers, employees, consultants or agents of its
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CONFIDENTIAL DISCLOSURE AGREEMENT
THIS CONFIDENTIAL DISCLOSURE AGREEMENT (this “Agreement”) is made and entered into
as of the date of last signature below (the “Effective Date”), by and between ____________________
(“University”) and GlaxoSmithKline LLC, a Delaware limited liability company having offices at Five Moore
Drive, Research Triangle Park, NC 27709 (“GSK”).
1)
Definitions.
a) “Affiliate” means any corporation or non-corporate entity which controls, is controlled by or is under
common control with a party. A corporation or non-corporate entity, as applicable, will be regarded as in
control of another corporation if it owns or directly or indirectly controls at least fifty percent (50%) of
the voting stock of the other corporation or (i) in the absence of the ownership of at least fifty percent
(50%) of the voting stock of a corporation or (ii) in the case of a non-corporate entity, if it possesses,
directly or indirectly, the power to direct or cause the direction of the management and policies of such
corporation or non-corporate entity, as applicable.
b) “Confidential Information” means any and all information that is disclosed on or after the Effective
Date whether orally or in written, electronic or other tangible form by a party hereunder, or any of its
Affiliates (the “Disclosing Party”) to the other party hereunder, or any of its Affiliates (the “Receiving
Party”), and:
(i)
With respect to the Confidential Information disclosed by GSK, such information shall relate to
certain GSK research and development activities, programs, and competition initiatives sponsored by
GSK's Discovery Partnership with Academia group (Discovery Fast Track Competition); and
(ii)
With respect to the Confidential Information disclosed by University, such information shall
relate to certain University research activities, programs and proposals involving the University’s
submission to GSK’s Discovery Fast Track Competition, more specifically, (General topic of submission
to be provided prior to finalizing this Agreement).
2)
Purpose of Disclosure. The Confidential Information is being disclosed by each party for the purposes
of discussion and evaluation relating to the parties’ interest in entering into a potential business
relationship (hereinafter, the “Purpose”).
3)
Maintenance of Confidentiality; Nonuse Obligations.
a) The Disclosing Party’s Confidential Information shall be kept confidential by Receiving Party and, except
as otherwise permitted herein, shall not be disclosed by the Receiving Party to any third party without
first obtaining the Disclosing Party’s prior written consent to such disclosure. The Receiving Party shall
protect the Confidential Information of the Disclosing Party in the same manner it protects its own
confidential information of a similar nature, which shall be at least a reasonable standard of care. The
Receiving Party may disclose the Disclosing Party’s Confidential Information only to the Receiving
Party’s officers, employees, consultants or agents and/or officers, employees, consultants or agents of its
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Affiliates (“Representatives”) on a need-to-know basis, provided that the Receiving Party will ensure
that its Representatives are obligated (whether in a written agreement or otherwise) to use and maintain
the Disclosing Party’s Confidential Information in a manner that is sufficient to enable the Receiving
Party to comply with all the provisions of this Agreement with respect to the Disclosing Party’s
Confidential Information. The Receiving Party shall be liable for any damage caused by or resulting from
any unauthorized disclosure of the Disclosing Party’s Confidential Information by the Receiving Party’s
Representatives.
b) The Confidential Information shall not be utilized by the Receiving Party except for the Purpose
permitted herein without first obtaining the Disclosing Party’s prior written consent to such use.
4)
Acknowledgment of Activities. The Disclosing Party understands and acknowledges that prior to the
Effective Date, the Receiving Party and/or its Affiliates may have in the past, currently or in the future,
either internally or with a third party, engaged in research, development and commercialization activities
relating to the subject matter of the Disclosing Party’s Confidential Information. Accordingly, the
Disclosing Party acknowledges and agrees that nothing in this Agreement will be construed by
implication or otherwise as preventing the Receiving Party or its Affiliates, during the term of this
Agreement or thereafter, from (a) either internally or with a third party, engaging in research,
development and commercialization activities relating to the subject matter of the Disclosing Party’s
Confidential Information, and (b) evaluating such programs, compounds and capabilities of third parties
relating to the subject matter of the Disclosing Party’s Confidential Information, provided, that in each
case of (a) and (b), the Receiving Party does not use the Disclosing Party’s Confidential Information in
connection therewith.
5)
Excluded Information. Confidential Information does not include any information which:
a) at the time of disclosure is in the public domain;
b) after disclosure becomes part of the public domain, except through breach of this Agreement by the
Receiving Party;
c) the Receiving Party can demonstrate by reasonable proof was in the Receiving Party’s or any of its
Affiliates’ possession prior to the time of disclosure by the Disclosing Party, and was not acquired
directly or indirectly from the Disclosing Party;
d) the Receiving Party can demonstrate by reasonable proof was developed by or on behalf of the Receiving
Party or its Affiliates independent of and without reference to the Confidential Information; or
e) becomes available to the Receiving Party or its Affiliates from a third party who did not acquire such
information directly or indirectly from the Disclosing Party and who is not otherwise prohibited from
disclosing such information.
6)
Notification of Mandatory Disclosure.
a) The Receiving Party may disclose that portion of the Disclosing Party’s Confidential Information that is
required by law to be disclosed, provided that, to the extent practicable, the Disclosing Party is first given
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notice of the required disclosure and an adequate opportunity to seek appropriate legal relief to prevent
such disclosure or limit use and further disclosure of the Disclosing Party’s Confidential Information.
b) If, in the absence of such legal relief or other remedy, the Receiving Party is nonetheless required to
disclose any part of the Disclosing Party’s Confidential Information, the Receiving Party may disclose
such Confidential Information of the Disclosing Party without liability hereunder, provided that, the
Receiving Party shall furnish only such portion of the Disclosing Party’s Confidential Information which
the Receiving Party is legally required to be disclosed.
7)
Term. This Agreement shall commence on the Effective Date and shall expire five (5) years after the
Effective Date. Either party may terminate this Agreement upon written notice to the other party;
however, notwithstanding any early termination of this Agreement, each party’s confidentiality and non-
use obligations hereunder shall remain in effect for five (5) years after the Effective Date.
8)
Representation and Warranty. Each party represents and warrants to the other party that (a) it has all
rights title and ownership interest in and to its Confidential Information and/or it has the right to disclose
such Confidential Information to the other party; (b) by entering into this Agreement, it is not breaching
any obligation in any agreement or to any third party; and (c) it is not currently debarred, suspended or
otherwise excluded by any government agency from receiving federal contracts.
9)
No Other Obligation; No License. This Agreement shall not be construed, by implication or otherwise,
as an obligation by either party to enter into any further agreement relating to the other party’s
Confidential Information. Further, this Agreement shall not convey to GSK or University the grant of a
license or other ownership rights to the other party’s Confidential Information other than to use the other
party’s Confidential Information for the Purpose.
10)
Return of Confidential Information. Upon completion of the Purpose, and in the absence of any
further written agreement between the parties, GSK and University each shall cease all use of the other
party’s Confidential Information and shall, upon written request, promptly return, destroy or delete all of
the other party’s Confidential Information which is in tangible form, except that GSK and University
shall be permitted to retain one (1) copy of the other party’s Confidential Information so that any
continuing obligations may be determined.
11)
No Publicity. Neither party shall directly or indirectly cause or permit (a) the oral or written release of
any public statement referring to the existence or terms of this Agreement, or (b) any use of the other
party’s name, trade name, logo or trademarks, without the other party’s prior written consent.
12)
Notices. Notices or other communications required to be sent to GSK under this Agreement shall be
addressed in writing to Jon L. Collins, Ph.D. and/or Chari Smith, Ph.D., at GlaxoSmithKline LLC, Five
Moore Drive, PO Box 13398, Mailcode: 17.1351B, Research Triangle Park, North Carolina 27709, with a
facsimile number of 919-483-____ or via email at Jon.L.Collins@gsk.com.
Notices or other
communications required to be sent to University under this Agreement shall be addressed to [insert
name/address], with a facsimile number of __________ or via email at _________________
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13)
Assignment. This Agreement shall not be assigned by either party hereto without the prior written
consent of the other party hereto, which consent may be withheld in either party’s sole discretion, and any
purported assignment without such consent shall be void; provided, however, either party hereto may
without such consent assign this Agreement in connection with the sale or transfer of all or substantially
all of its business or in connection with a merger or other consolidation with another entity.
14)
Severability. If any provision of this Agreement is found to be invalid, illegal or unenforceable by a
court of competent jurisdiction, the validity, legality and enforceability of the remaining provisions shall
in no way be affected or impaired thereby.
15)
Entire Agreement; Amendments; Waiver. This Agreement contains the entire understanding between
the parties hereto with respect to the subject matter contained herein and supersedes all prior written or
oral communications, negotiations, understandings or agreements of any kind with respect to such subject
matter.
No amendment or modification of this Agreement shall be effective except by a written
instrument referring to this Agreement and signed by authorized representatives of both parties. Failure
by either party to enforce any rights under this Agreement shall not be construed as a waiver of such
rights nor operate as a waiver in other instances.
16)
Governing Law; Headings. This Agreement shall be governed by and construed in accordance with the
laws of the State __[where University is located]__without regard to the conflicts of laws applicable in
such jurisdiction. The headings in this Agreement are for convenience of reference only and shall not
affect its interpretation.
17)
Counterparts. This Agreement and any amendment hereto may be executed in counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. This
Agreement and any amendment hereto may be executed in counterparts and all of such counterparts taken
together shall be deemed to constitute one and the same instrument and may be executed by facsimile or
electronically (including PDF). The parties agree that facsimile or PDF copies of signatures have the
same effect as original signatures
18)
Remedies for Breach. Both parties hereto agree that should this Agreement be breached, money
damages may be inadequate to remedy any such breach. As a result, the non-breaching party shall be
entitled to seek, and a court of competent jurisdiction may grant, specific performance and injunctive or
other equitable relief as a remedy for any breach of this Agreement. Such remedy shall be in addition to
all other remedies, including money damages, available to a non-breaching party at law or in equity.
[Remainder of page intentionally left blank. Signature page follows]
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IN WITNESS WHEREOF, the parties hereto have executed this Confidential Disclosure Agreement as of
the Effective Date by their duly authorized representatives.
[insert University name]
GLAXOSMITHKLINE LLC
By:
By:
Name:
Name: Jon L. Collins Ph.D.
Title:
Title:
US Head of Chemistry; DPAc
Date:
Date:
ACKNOWLEDGED AND AGREED
By:
University Investigator
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