A short, mutual confidentiality agreement between you and Convergence AI LLC. Read, sign, and the preview opens.
This Agreement is made between Convergence AI LLC — together with its brands, ventures and initiatives, including Indaba, Sovereign Soil Collective, Money Map, AfricaOne, and The Canopy (collectively, the "Company") — and the undersigned recipient ("Recipient"), effective on the date of signature below.
1. Purpose. The Company will share confidential materials so the Recipient can evaluate a potential investment, partnership or collaboration. This Agreement protects those materials and the original ideas, concepts and designs behind them.
2. Confidential Information. "Confidential Information" means all non-public information disclosed in or around this preview, in any form, including: business, go-to-market and financial plans; product concepts, designs, user interfaces, wireframes and prototypes; software, source code, architecture and data models — including The Canopy and its anonymized-benchmarking method; roadmaps, pricing and costing models; the structure and relationships of the Convergence AI ecosystem and its brands (Indaba, Sovereign Soil Collective, Money Map, AfricaOne and others); customer, farmer, partner and community relationships; and any trade secrets, know-how, methods and original concepts — whether or not marked "confidential."
3. Ownership & Intellectual Property. All Confidential Information, and all concepts, designs, inventions and intellectual property embodied in or derived from it, are and remain the exclusive property of the Company. Nothing here grants the Recipient any license or right, by implication or otherwise. The Recipient will not copy, reproduce, reverse-engineer, or create derivative or competing works based on the Confidential Information.
4. Obligations. The Recipient will (a) hold the Confidential Information in strict confidence using at least reasonable care; (b) use it solely to evaluate the potential relationship and for no other purpose; and (c) not disclose it to any third party without the Company's prior written consent, limiting access to those with a genuine need to know who are bound by equivalent obligations.
5. Non-use & Non-circumvention. The Recipient will not use the Confidential Information to compete with the Company, to build a similar or competing product, or to solicit, circumvent or transact directly with the partners, farmers or relationships disclosed, except through the Company.
6. Mutual. Any confidential information the Recipient discloses to the Company in return is protected on the same terms.
7. Exclusions. Confidential Information does not include information that (a) is or becomes public through no fault of the Recipient; (b) was lawfully known before disclosure; (c) is independently developed without use of the Confidential Information; or (d) must be disclosed by law, provided the Recipient gives prompt notice and cooperates to limit the disclosure.
8. Term. These obligations continue for five (5) years from signature; obligations protecting trade secrets continue for as long as the information remains a trade secret.
9. Return or Destruction. On the Company's request, the Recipient will promptly return or destroy all Confidential Information and any copies, notes or derivatives.
10. Remedies. Unauthorized use or disclosure would cause irreparable harm for which money damages are inadequate; the Company is entitled to seek injunctive relief in addition to any other remedy.
11. No Offer; No Partnership. This Agreement creates no partnership, agency or obligation to proceed, and is not an offer or commitment to invest or transact.
12. Governing Law. This Agreement is governed by the laws of the State of North Carolina, USA.
A confidentiality agreement for a private preview — for final execution, have counsel review.
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