Sample Consulting Agreement Form - Iowa State University

File C5-84 Page 3
4.2 Termination. The Company may terminate this Agreement for “Cause,” after giving Consultant
written notice of the reason. Cause means: (1) Consultant has breached the provisions of Article 5 or 7 of
this Agreement in any respect, or materially breached any other provision of this Agreement and the breach
continues for 30 days following receipt of a notice from the Company; (2) Consultant has committed fraud,
misappropriation, or embezzlement in connection with the Company’ s business; (3) Consultant has been
convicted of a felony; or (4) Consultant’s use of narcotics, liquor, or illicit drugs has a detrimental effect on
the performance of his or her employment responsibilities, as determined by the Company.
4.3 Responsibility upon Termination. Any equipment provided by the Company to the Consultant in
connection with or furtherance of Consultant’s services under this Agreement, including, but not limited to,
computers, laptops, and personal management tools, shall, immediately upon the termination of this Agree-
ment, be returned to the Company.
4.4 Survival. The provisions of Articles 5, 6, 7, and 8 of this Agreement shall survive the termination of
this Agreement and remain in full force and effect thereafter.
ARTICLE 5
CONFIDENTIAL INFORMATION
5.1 Obligation of Confi dentiality. In performing consulting services under this Agreement, Consultant
may be exposed to and will be required to use certain “Confi dential Information” (as hereinafter defi ned) of
the Company. Consultant agrees that Consultant will not and Consultant’s employees, agents, or representa-
tives will not use, directly or indirectly, such Confi dential Information for the benefi t of any person, entity, or
organization other than the Company, or disclose such Confi dential Information without the written authori-
zation of the President of the Company, either during or after the term of this Agreement, for as long as such
information retains the characteristics of Confi dential Information.
5.2 Defi nition. “Confi dential Information” means information not generally known and proprietary to
the Company or to a third party for whom the Company is performing work, including, without limitation, in-
formation concerning any patents or trade secrets, confi dential or secret designs, processes, formulae, source
codes, plans, devices or material, research and development, proprietary software, analysis, techniques,
materials, or designs (whether or not patented or patentable), directly or indirectly useful in any aspect of the
business of the Company, any vendor names, customer and supplier lists, databases, management systems and
sales and marketing plans of the Company, any confi dential secret development or research work of the Com-
pany, or any other confi dential information or proprietary aspects of the business of the Company. All infor-
mation which Consultant acquires or becomes acquainted with during the period of this Agreement, whether
developed by Consultant or by others, which Consultant has a reasonable basis to believe to be Confi dential
Information, or which is treated by the Company as being Confi dential Information, shall be presumed to be
Confi dential Information.
5.3 Property of the Company. Consultant agrees that all plans, manuals, and specifi c materials devel-
oped by the Consultant on behalf of the Company in connection with services rendered under this Agreement,
are and shall remain the exclusive property of the Company. Promptly upon the expiration or termination of
this Agreement, or upon the request of the Company, Consultant shall return to the Company all documents
and tangible items, including samples, provided to Consultant or created by Consultant for use in connection
with services to be rendered hereunder, including, without limitation, all Confi dential Information, together
with all copies and abstracts thereof.
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