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Agreement between Advisor and Company whereby the advisor provides services to the Company in exchange for service fees. This is drafted in favour of the Company.
Advisor agrees that all Inventions and other business, technical, commercial and financial information (including, without limitation, the identity of and information relating to Company’s customers or employees) Advisor obtains from or assigns to Company, or develops or learns in connection with the Services, whether in writing, oral or other tangible or intangible forms, constitute “Proprietary Information.” Advisor will hold in confidence and not disclose or, except in performing the Services, use any Proprietary Information. However, Advisor shall not be so obligated with respect to information that (i) is or becomes generally known by the public through no fault of Advisor, or (ii) that Advisor knew without any obligation of confidentiality prior to its disclosure by Company. Upon termination or as otherwise requested by Company, Advisor will promptly return to Company all items and copies containing or embodying Proprietary Information. The Advisor agrees not to make, issue or release any public announcements statement or acknowledgement of the existence of this Agreement, the existence of details of any Proprietary Information, any discussions among the parties or any evaluation being undertaken without the consent of the Company. The Advisor acknowledges that the Company makes no representation or warranty as to the reliability, accuracy of completeness of any Proprietary Information.
This document should be used by the senior management of a company or by an advisor to the senior management of a company.
It should be carefully read and signed by both parties. Once signed, both parties should get a copy of the final agreement.