Propaclabs Confidential Disclosure Agreement printable pdf download

CONFIDENTIAL DISCLOSURE AGREEMENT

THIS CONFIDENTIAL DISCLOSURE AGREEMENT (“Agreement”) dated _____________, is

made and entered between Pro Pac Labs, Inc. (“Pro Pac”), a Utah corporation whose address is 3804

South Airport Road, Ogden, Utah, 84405 and ___________________________

_______________________________________.

WHEREAS, both Pro Pac and ______________________ desire to protect their valuable, proprietary

and confidential information relating to their ingredients, materials, formulas, methods, manufacturing

technologies and know-how related thereto, their competitive advantage and, customer lists.

WHEREAS, during the course of cooperative and mutual project work and discussions relating to Pro

Pac’s proprietary raw materials, manufacturing processes, QA/QC testing, research and development, and

processing (“the Permitted Purpose”) it may be necessary for one party to disclose to the other party

business and/or technical information which the disclosing party regards as confidential and proprietary.

Such information that may be disclosed will hereinafter be referred to as “Confidential Information”.

Confidential Information may include without limitation formulas, products, samples, know-how, sensory

testing data (test results) and methods, product specifications, applications of such technical processes and

methods, manufacturing techniques, related plans, drawings and charts, business plans, financial data,

price margins, product development plans, marketing plans, strategies, process information and customer

lists, raw material suppliers related among many other information that is confidential, special, unique,

proprietary, gives either party a competitive advantage and/or significantly enhances either party’s

goodwill. All confidential information should be marked and/or designated as such by the disclosing party

at the time of disclosure.

NOW, THEREFORE, in consideration of the foregoing premises that are hereby incorporated as a part

of this Agreement and the mutual covenants hereinafter set forth, the parties hereto agree as follows:

The disclosing party shall disclose and the receiving party will receive Confidential Information under the

following conditions, which are understood by both parties:

1. both parties shall hold the Confidential Information at all times in strict confidence and shall use the

Confidential Information only for the Permitted Purpose and with utmost care and shall disclose

Propaclabs Confidential Disclosure Agreement