1
Exhibit 10.15
AIRONET CONFIDENTIAL PROPRIETARY
[AIRONET LOGO]
NONDISCLOSURE AGREEMENT
Agreement Date: March 31, 1998
--------------
This Non-Disclosure Agreement ("Agreement") is entered into and made effective
as of the date set forth above between Aironet Wireless Communications, Inc.
("Aironet") and the party as identified at the end of this Agreement
("Company").
The parties wish to disclose to each other confidential, proprietary, and/or
trade secret information (as more fully defined herein "Confidential
Information"). All information marked as "Confidential,"Proprietary," or with a
similar legend, will be deemed Confidential Information. To be considered
Confidential Information, verbal disclosures must be reduced to writing, marked
"Confidential," and delivered to the receiving party within (30) days. For
purposes of this Agreement, Aironet Confidential Information includes
information relating to Aironet's products, their functions and capabilities,
systems and designs, as well as peripherals and components ancillary or included
therewith, and any relevant business plans. Company Confidential Information
includes information relating to products and services information.
1. CONFIDENTIAL INFORMATION
------------------------
(A) "Confidential Information" means any information of the disclosing
party that the receiving party knew or should have known was confidential or a
trade secret, including all tangible embodiments thereof. Confidential
Information includes, without limitation, information relating to released or
unreleased disclosing party products, the marketing or promotion of any
disclosing party products, disclosing party business policies or practices,
and information received from others that the disclosing party is obligated to
treat as confidential. Confidential Information disclosed to the receiving
party by any disclosing party affiliate, agent and/or consultant is covered by
this Agreement.
(B) Confidential Information shall not include any information that can
be proven by tangible evidence and that: (i) is or subsequently becomes
publicly available without receiving party's breach of this or any obligation
owed to disclosing party; (ii) became known to receiving party from a source
other than disclosing party other than by breach of an obligation of
confidentiality owed to disclosing party; (iii) is rightfully provided to the
receiving party by a third party; or (iv) is independently developed by the
receiving party without breach of this Agreement.
2. RESTRICTIONS
------------
(A) The receiving party shall not use or disclose any Confidential
Information furnished in oral, visual, written and/or other tangible form to
third parties for three (3) years from the date of first receipt of such
information under this Agreement, except to receiving party's employees, agents,
and/or Consultants on a need-to-know basis as provided below. However,
receiving party may disclose Confidential Information in accordance with
judicial and other governmental order, provided receiving party first gives
disclosing party reasonable notice prior to such disclosure in order to permit
disclosing party to seek restraining orders, injunctions and generally to
protect the information's confidentiality.
(B) The receiving party shall take reasonable security precautions, at
least as great as the precautions it takes to protect its own Confidential
Information (but in no event less than reasonable care), to keep confidential
the Confidential Information received from disclosing party. In accordance,
receiving party may disclose Confidential Information only to those employees,
agents, and/or consultants who have a need-to-know. Receiving party will inform
its employees who handle such information that it is confidential and not to be
disclosed to others. Receiving party will have executed appropriate written
agreements at least as restrictive as this Agreement with its employees and
consultants sufficient to enable it to comply with the provisions of this
Agreement.
(C) The receiving party may not reverse engineer, decompile or
disassemble any software or hardware products disclosed to the receiving party.
The receiving party shall not use or permit others to use any Confidential
Information except for the benefit of the disclosing party in furtherance of the
purpose for which such Confidential Information was disclosed.
3. RIGHTS AND REMEDIES
-------------------
(A) Receiving party shall notify disclosing party immediately upon
discovery of any unauthorized use or disclosure of Confidential Information or
any other breach of this Agreement by receiving party, and will cooperate with
disclosing party in every reasonable
1
2
way to help disclosing party regain possession of the Confidential Information
to prevent its further unauthorized use.
(B) Receiving party shall return all originals, copies, reproductions,
and summaries of Confidential Information at disclosing party's request or at
disclosing party's option certify destruction of the same.
(C) Disclosing party may visit receiving party's premises, with
reasonable prior notice and during normal business hours, to review receiving
party's compliance with the terms of this Agreement.
4. MISCELLANEOUS
-------------
(A) This Agreement shall govern disclosures between the parties for a
period of three (3) years from the Agreement Date first stated herein, unless
terminated earlier by written notice or otherwise amended in writing by the
parties. The receiving party agrees that the disclosing party's Confidential
Information is and shall at all times remain the property of the disclosing
party. No use of such Confidential Information is permitted except as otherwise
provided herein and no grant under any other disclosing party's intellectual
property rights is hereby given or intended including any license implied or
otherwise.
(B) Receiving party agrees that is does not intend nor will it directly
or indirectly, export or transmit any Confidential Information to any country to
which such export or transmission is restricted by regulation or statute,
without prior written consent of the Export Administration Office of the U.S.
Department of Commerce or such other governmental entity as may have
jurisdiction over such export or transmission.
(C) If any provision of this Agreement is held, by a court of competent
jurisdiction, to be illegal, invalid or unenforceable, the remaining provisions
shall remain in full force and effect.
(D) This Agreement may not be assigned by either party without the
prior written consent of the other and any such purported assignment shall be
void.
(E) Subject to the provisions of Rider A, this Agreement constitutes
the entire agreement between the parties with respect to the subject matter
hereof and merges all prior discussions between them as to Confidential
Information. It shall not be modified except by a written agreement dated
subsequent to the effective date of this Agreement, signed by both parties and
including a copy of this Agreement as an attachment. This Agreement shall be
construed and controlled in accordance with the laws of the State of Ohio,
without regard to conflict of laws principles, and each party herby consents to
the jurisdiction venue of the courts, state and federal, sitting in the State of
Ohio.
(F) All obligations created by this Agreement shall survive change or
termination of the parties' business relationship. Subject to the limitations
set forth herein, this Agreement shall inure to the benefit of and be binding
upon the parties, their successors and assigns.
IN WITNESS WHEREOF, the parties have executed this Nondisclosure Agreement
effective as of the Agreement Date stated at the beginning of the Agreement.
AIRONET WIRELESS COMMUNICATIONS, INC. Telxon Corporation
000 Xxxxx Xxxx, Xxxxx 000 0000 Xxxx Xxxxxx Xxxxxx
Xxxxxxxx, Xxxx 00000 Xxxxx, Xxxx 00000
/s/ Xxxxx X. Xxxxxx /s/ Xxxxxxx X. Xxxxx
------------------------------------- -----------------------------------
Signature Signature
Xxxxx X. Xxxxxx Xxxxxxx X. Xxxxx
------------------------------------- -----------------------------------
Printed Name Printed Name
President and Senior Vice President and
------------------------------------- -----------------------------------
Title Chief Executive Officer Title Chief Financial Officer
2
3
RIDER A
to
NONDISCLOSURE AGREEMENT
between
AIRONET WIRELESS COMMUNICATIONS, INC.
And
TELXON CORPORATION
The parties respective rights and obligations under this Agreement are in
addition and supplemental to, and shall not be construed to limit or (except as
may there be expressly provided) to be limited by, the confidentiality
provisions of any written agreement herebefore or hereafter entered into between
the parties, provided that the provisions of this Agreement shall not be
interpreted or applied to limit or preclude such use or disclosure of
Confidential Information which any such other written agreement may expressly
authorize or permit or as a normal incident to the exercise of any rights or the
performance of any obligations thereunder or to any transactions contemplated
thereby.
