c. Contract approval - Laserfiche WebLink

event of oral disclosures, the Information will be reduced to writing within thirty (30) days of disclosure to remain confidential. 7.03 The Parties recognize the proprietary fights of the disclosing Party in and to the Information and the confidential nature of the Information. Thus the Parties agree to take every reasonable precaution to safeguard and treat the Information as confidential and to take every appropriate action by instruction, agreement, or notice to its directors, officers, agents, and employees of the confidential and proprietary nature of the Information submitted by the disclosing Party. Reasonable precautions to safeguard the Information shall mean using a standard of care which is no less stringent than that which the disclosing Party uses to protect its own confidential Information. 7.04 The confidentiality requirements do not apply to Information which is a) already known by the receiving Party, b) disclosed by a third party having a bona fide right to do so, c) presently in the public domain, or d) independently developed by the receiving Party. 7.05 It is hereby agreed between the Parties that the Information will be held in confidence for a period often (10) years fi:om disclosure or until written permission to disclose is given by the disclosing party, whichever is shorter. ARTICLE 8 - TITLE TO EQUIPMENT 8.01 Title to equipment acquired shall vest with CONTRACTOR. ARTICLE 9 - RELATIONSHIP OF THE PARTIES 9.01 Nothing contained in this Agreement shall be construed as establishing a partnership or any joint obligations between any of the SPONSORS in the Program. Each SPONSOR hereto retains the right to conduct its own business as it sees fit. Nothing contained herein shall be interpreted or construed as precluding any SPONSOR or the CONTRACTOR fi:om carrying out independent research directed toward the objectives of the Program. ARTICLE 10 - PUBLICITY RELEASES 10.01 SPONSOR shall coordinate in advance with CONTRACTOR on all Public Information Releases to be issued by SPONSOR concerning this Program. Such releases shall not be issued without prior approval fi:om CONTRACTOR. ARTICLE 11 - WARRANTY 11.01 CONTRACTOR warrants that it has the right to conduct the Program and that its services hereunder will be performed in a good, workerlike manner by qualified personnel and in accordance with generally accepted professional standards. All other warranties, express or implied, are hereby disclaimed. 4