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Non-disclosure Agreement

As a member of a select team, you'll choose an emerging technology and complete a full business plan that demonstrates the process of taking a technology-driven product or service to market. This comprehensive and integrative experience concludes with a MOT business plan competition.

This non-disclosure agreement ensures confidentiality for your team's ideas, research, strategy, business financing and other related information, including your team's final business plan.

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Student Information
Student Participant Non-disclosure Agreement for New Technology Venture Project

This Agreement is effective as of the date of Participant’s signature, by and between the Board of Regents of the University System of Georgia, by and on behalf of the Georgia Institute of Technology (hereinafter referred to as “GIT”) as well as for the benefit of the Originating Party and the Participant in the Executive MBA in Management of Technology (“EMBA-MOT”) New Technology Venture project (hereinafter referred to as “Project”).

WHEREAS, the Project may include presentation and submission of original business plans and ideas by an enrolled EMBA-MOT student (hereinafter referred to as “Originating Party”) that will be shared with other enrolled EMBA-MOT students who will receive Originating Party’s information (hereinafter referred to as the “Participant”);

WHEREAS, the parties wish to foster open discussions by providing confidentiality to the Originating Party for his or her ideas, research, strategy, business financings and related information as well as the content of such business plans during the Project (hereinafter referred to as “Confidential Information”);

WHEREAS, Participant desires to receive Originating Party’s Confidential Information and the parties wish to establish a procedure for handling Confidential Information;

NOW, THEREFORE, in consideration of the mutual promises contained herein, Participant hereby agrees as follows

  1. PURPOSE: Confidential Information may be used solely for the purpose of discussing, reviewing, evaluating and participating in the Project during the EMBA-MOT Project only (hereinafter referred to as the “Purpose”). No other use is permissible without the express written permission of the Originating Party.

  2. STANDARD OF CARE: Participant agrees to use reasonable care to hold in confidence and not disclose any and all of Originating Party’s Confidential Information to any third party. Participant’s confidentiality obligations set forth herein shall extend for two (2) years from the expiration of the Project as stated in section 6 of this Agreement.

  3. EXCEPTIONS TO CONFIDENTIALITY: Participant shall have no obligation of confidentiality with respect to information that Participant can document a) has been or enters the public domain without a breach of this Agreement by Participant, b) was known to Participant at the time of disclosure, c) is independently developed by Participant without access to or use of Confidential Information, d) was received from a third party who had a lawful right to disclose such information to Participant, or e) is disclosed to a third party with the written approval of the Originating Party. Participant must prove any and all of the above exceptions by written records.

    Participant may disclose Confidential Information that is obligated to be disclosed by order of a court of competent jurisdiction or as otherwise legally required so long as Participant first gives written notice of such requirement to the Originating Party prior to such disclosure.

  4. INTENDED BENEFICIARY: Originating Party is entitled to enforce any and all rights and obligations allowed in this Agreement against Participant. Originating Party expressly reserves all available legal and equitable remedies.

  5. PATENT OR COPYRIGHT INFRINGEMENT: Nothing in this Agreement is intended to grant to Participant any of Originating Party’s rights under any patent or copyright laws.

  6. TIME PERIOD FOR EXCHANGE OF CONFIDENTIAL INFORMATION: Originating Party may disclose Confidential Information to Participant for the duration of the Project or from August 1, 2021 to December 31, 2022, whichever period is longer.

  7. EQUITABLE RELIEF: Participant agrees that a breach of this Agreement may result in irreparable harm to Originating Party, and that upon potential or actual breach by Participant, GIT, or Originating Party may be entitled to injunctive relief in addition to all available legal remedies including monetary damages.

    a) This Agreement contains the entire understanding concerning the exchange of Confidential Information relative to the Purpose stated herein, and supersedes any prior agreements, oral or written. If any provision of this Agreement shall be held invalid or unenforceable, such provision will be deemed deleted from this Agreement without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such remaining provisions. Failure to enforce any provision of the Agreement shall not constitute a waiver of any term hereof.
    b) This agreement shall be governed by and construed in accordance with the laws of the State of Georgia, including all matters of construction, validity, and performance.
    c) Participant shall not assign, nor in any manner transfer, any Confidential Information received hereunder or its interests in this Agreement or any part hereof, without first obtaining the prior written approval of the non-assigning parties. This Agreement is binding upon and for the benefit of the parties, their successors and assigns.
    d) This Agreement may be signed in one or more counterparts (including faxed copies), each of which shall be deemed one and the same original.

IN WITNESS WHEREOF, Participant has caused this Agreement to be executed and effective as of the below date.

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