Confidentiality Agreement
These terms of confidentiality are made between Rejuvatek Medical Inc. (“Rejuvatek”) located 1042 Fort Union Blvd. #231 Midvale, UT 84047 and the Potential Tatt2Away Provider (recipient) who has requested to learn more about Tatt2Away.
RECITALS
Both parties to this Agreement mutually desire to engage in discussions concerning a potential business and/or technical relationship related to:
The Tatt2Away Tattoo Modification and Removal System and Business Opportunity also known as Trans-epidermal Pigment Release® and TEPR® (“Tatt2Away”).
WHEREAS, Rejuvatek may furnish certain Confidential Information in regards to Tatt2Away beginning the hereof and wishes to furnish to such Confidential Information without conveying any interest or right therein to Recipient, and without making any Confidential Information public or common knowledge;
The recipient, including its employees or affiliated independent contractors, agrees not to disclose information of a confidential nature to a Rejuvatek competitor or other company without written permission from an executive of Rejuvatek, as follows,
(a) Any information, method, product, know-how, data, process, technique, algorithm, program, design drawing, formula or test data relating to any research product, work in process, future development, engineering, manufacturing, marketing, business plan, servicing, financial or personnel matter relating to present or future investors or business, whether in oral, written, graphic or electronic form; and
(b) Any information disclosed by a third party which both parties are obligated to treat as confidential of proprietary.
1 Non-disclosure of Confidential Information. Parties agree that during the period of its discussions and/or business relationship, and/or a period of two (2) years after the later of termination of such discussions or termination of such relationship, Recipient will not at any time disclose to any person or use for its own benefit or the benefit of any other than each party any Confidential Information without the prior express written consent of the other.
2. Return of Documents and Property. Parties shall promptly deliver to each other on request any documents or other materials reflecting any Confidential Information and any copies thereof, which Recipient may have made, may have access to, or may receive or possess during the period of its discussions and/or relationship with each other for any reason or in any manner whatsoever, Recipient shall promptly deliver to the other party any Confidential Information and any other property which Recipient shall have in its possession or under its control, except as the parties shall, by prior express written permission, allow Recipient to retain.
3. Applicable Law. This Agreement shall be governed for all purposes by the laws of the State of Utah as such laws apply to contracts between Utah residents made and to be performed entirely in such States.
4. Severability. If any provision of this Agreement is declared void or unenforceable, such provision shall be severed from this Agreement, which shall otherwise remain in full force and effect.
5. Attorney’s Fees. In the event any suit or other action is commenced to construe or enforce any provision of this Agreement, the prevailing party, in addition to all other amounts such party shall be entitled to receive from the other party a reasonable sum for attorney’s fees and costs.
6. Entire Agreement. The terms of confidentiality constitute the entire Agreement between the parties with respect to the subject matters addressed herein. This Agreement may not be amended or modified.
This agreement is acknowledged by Rejuvatek and is electronically acknowledged and signed by the party submitting the form on this page.