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S A M P L E D O C U M E N T
AS IT MAY PERTAIN TO PATENT & COPYRIGHT LAWS THAT GOVERN THE UNITED STATES OF AMERICA
NON-DESCLOSURE & NON-COMPETITION
A G R E E M E N T
AGREEMENT made this __________day of _________, 2000, in the State of Confusion, by and between Johny B. Goodguy, DBA The Good Guy Lure Co., or any other, their heirs, attorneys and assigns; hereinafter referred to as: GOODGUY, and Harry R. Sinkbottom, 8888 Lead Foot Drive, Tallahgrassee, MD 94210, “EZ-sink” (your company or product name) inclusive, their heirs, attorneys and assigns; hereinafter referred to as: SINKBOTTOM.
WHEREAS, this agreement is entered into in good faith and for perpetuity as follows:
GOODGUY is the owner(s) of certain tangible and Intellectual property comprising the business commonly described as OVERTHEHILL Fishing Lure Manufacturing, The Good Guy Lure Co. and UNDER THE TABLE Engineering, A Consulting Service, relegated to the design, development and manufacture of Fishing Lure Products, Whose place of business is 0001 Easy Street, Lake Mudywater, Confusion 99990.
WHEREAS, said business is presently operating and licensed to so operate by the State of Confusion.
AND
SINKBOTTOM is the owner(s) of a series of fishing lure product designs that may or may not include his (Patent Pending) “EZ-sink” sinking bill attaching system.
NOW, THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the parties hereto represent, warrant and agree to transfer, an otherwise give over certain tangible goods and intellectual property(s)
hereinafter referred to as: Asset(s) as follows: tangible and Intellectual property that include(s):
1.0 ASSET(s).
1.1 Subject to the terms and conditions set forth in this Agreement, THE PARTIES HERETO agree to convey, transfer, assign and deliver limited asset(s) to each other. All the asset(s), properties and business of the parties hereto of every kind, character and description, whether tangible, intangible, personal or mixed, all of which are collectively referred to as the asset(s), owned by either party hereto including, but without limitation to, the following:
1.2 Existing, and future product designs, construction materials, equipment, apparatus, training, verbal and written training materials, books of instruction, promotional and marketing materials,
consulting materials, verbal and written, design and manufacturing procedures, assistance and other goods.
2.0 CONFIDENTIALITY & Non-desclosure
2.1 The parties hereto understand and agree that any and all asset(s) given over from one party to the other, listed herein, is done so in strict confidence. No party hereto is, or shall be allowed, or given license to transfer the other parties asset(s) to any party outside this agreement, now or hereafter without the expressed written consent of the other party hereto.
3.0 NO COMPITITION
3.1 GOODGUY understands and agrees that any and all asset(s) given over by SINKBOTTOM, is done so in strict confidence. GOODGUY is not, or shall be allowed, or given license to transfer the asset(s) of SINKBOTTOM to any party outside this agreement, nor is GOODGUY allowed to use the assets of SINKBOTTOM, in whole, or in apart, to create a new, or different product, now or hereafter without the expressed written consent of SINKBOTTOM.
4.0 CONSIDERATION (these paragraphs are about trading services as payment, rather than chash)
4.1 GOODGUY agrees to accept and use the asset(s) of SINKBOTTOM for the sole purpose of counsulting and providingSINKBOTTOM with tutorial literature regarding the development of the asset(s) of SINKBOTTOM.
4.2 GOODGUY agrees to assist SINKBOTTOM in the physical construction of required developmental apparatus and product prototypes per the asset(s) listed herein, at the discretion of GOODGUY.
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