Dealer Confidentiality Agreement
Whereas, Woods Powr-Grip Company, Incorporated agrees to furnish dealers with certain confidential information relating to the sale of Wood's Powr-Grip products, and whereas, the dealer agrees to review, examine, inspect or obtain such information for the sale of Woods Powr-Grip products, and to otherwise hold such information confidential pursuant to the terms of this agreement, BE IT KNOWN, that Woods Powr-Grip Company has or may furnish the dealer with certain confidential information, including, but not limited to intellectual property, design specifications, price quotes, product literature and may grant or further allow the dealer the right to inspect the premises of the business and/or interview employees or representatives of Woods Powr-Grip Company on all of the following conditions:
- The dealer agrees to hold all confidential or proprietary information or trade secrets in trust and confidence and agrees that it shall be used only for the contemplated purpose, and shall not be used for any other purpose or disclosed to any third party.
- At the conclusion of the relationship, or upon demand of Woods Powr-Grip, all information, including written notes, photographs, proposal drawings, marketing literature taken or provided in the course of business shall be returned to Woods Powr-Grip Company and no copies will be made or retained of any written information supplied.
- This information shall not be disclosed to any employee or consultant unless they agree to execute and be bound by the terms of this agreement.
- The information shall not be used or disclosed to any employee or consultant for the purpose of competitive practices, including but not limited to, information gathering or future product development.
- It is understood that the dealer shall have no obligation with respect to any information known by the dealer or generally known within the industry prior to the date of this agreement, or information that becomes common knowledge within the industry thereafter.