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Title: |
Consulting Agreement |
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Date: |
2004 |
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Price: |
$37 |
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ID: |
#321494 |
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CONSULTING AGREEMENT
This Consulting Agreement (Agreement) is made and entered into as of March 24, 2004 by and between Pain Therapeutics, Inc. (the Company), and Richard Stevens (Consultant). The Company desires to retain Consultant as an independent contractor to perform consulting services for the Company and Consultant is able and willing to perform such services, on terms set forth more fully below. In consideration of the mutual promises contained herein, the parties agree as follows:
1. SERVICES AND COMPENSATION
(a) Consultant agrees to perform for the Company the services described in Exhibit A (Services).
(b) The Company agrees to pay Consultant the compensation set forth in Exhibit A for the performance of the Services.
2. CONFIDENTIALITY
(a) Confidential Information means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, clinical or pre-clinical research or results, product plans, patent applications, products, services, customers, customer lists, markets, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances or other business information disclosed by the Company either directly or indirectly in writing, orally or by drawings or inspection of parts or equipment.
(b) Consultant will not; during or subsequent to the term of this Agreement, use the Companys Confidential Information for any purpose whatsoever other than the performance of the Services on behalf of the Company or disclose the Companys Confidential Information to any third party, and it is understood that said Confidential Information shall remain the sole property of the Company. Consultant further agrees to take all reasonable precautions to prevent any unauthorized disclosure of such Confidential Information including, but not limited to, having each employee of Consultant, if any, with access to any Confidential Information, execute a nondisclosure agreement containing provisions in the Companys favor substantially similar to Sections 2 and 5 of this Agreement. Confidential Information does not include information which (i) is known to Consultant at the time of disclosure to Consultant by the Company as evidenced by written records of Consultant, (ii) has become publicly known and made generally available through no wrongful act of Consultant or (iii) has been rightfully received by Consultant from a third party who is authorized to make such disclosure. Without the Companys prior written approval, Consultant will not directly or indirectly disclose to anyone the existence of this Agreement or the fact that Consultant has this arrangement with the Company.
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