E.Subjebsp;to the subquent iation and execution of the tracts,the Parties wish to record in this MOU the current status of the Project.
THEREFORE,the Parties hereby agree as follows:
1.Matters on whibsp;the parties have reached preliminary uanding
[Describe matters on whibsp;the parties have reached preliminary uanding]
2.Matters on whibsp;the parties intend to dubsp;further iation [Describe matters on whibsp;the parties intend to dubsp;further iation]
3.Steps to be taken by the parties after signing of the MOU
3.1 The Parties will in good faith within the days following the signing of this MOU iate the terms and ditions of the tracts.
4.fidential Information
4.1 From time to time prior to and during the term of this MOU either Party(“disclosing Party”)has disclod or may disbsp;to the other Party(“receiving Party”)business,marketing,teical,stifibsp;or other information which,at the time of disclosure,is designated as fidential(or like designation),is disclod in circumstanbsp;of fidence,or would be uood by the Parties,exerg reasonable business judgment,to be fidential(“fidential Information”).The receiving Party shall,during the term of this MOU and for _____ years thereafter:
a.____ maintain the fidentiality of fidential Information;
b.____ not to u fidential Information for any purpo other than tho specifically t out in this MOU;and
c.____ not disbsp;any subsp;fidential Information to any person or entity,except to its employees or employees of its Affiliates,its agents,attorneys,atants and other advisors who need to know subsp;information to perform their responsibilities and who have signed written fidentiality trabsp;taining terms at least as stri as the terms provided in this Article___.
4.2 The provisions of Article___.1 above shall not apply to information that:
a.____ bsp;be shown to be known by the receiving Party by written records made prior to disclosure by the disclosing Party;b.____ is or bees publibsp;knowledge otherwi than through the receiving Party’s breabsp;of this MOU;or