Temporary NDA

1. Parties to This Agreement

This Agreement is between:

• "Disclosing Party": You, the individual or entity submitting ideas, concepts, business plans, or other confidential information
• "Receiving Party": Matrix Solutions Corporation, a Montana corporation operating as Matrix Solutions Group

2. Definition of Confidential Information

"Confidential Information" includes, but is not limited to:

• Product ideas, concepts, and innovations
• Business plans, strategies, and models
• Technical specifications, designs, and drawings
• Prototypes, mockups, and visual representations
• Market research, financial projections, and business data
• Trade secrets and proprietary information
• Any other information marked or reasonably understood to be confidential

3. Obligations of the Receiving Party

Matrix Solutions Group agrees to:

• Maintain Confidentiality: Keep all Confidential Information strictly confidential and not disclose it to any third party without the Disclosing Party's prior written consent
• Limited Use: Use the Confidential Information solely for the purpose of evaluating potential collaboration, partnership, or business relationship with the Disclosing Party
• Restricted Access: Limit access to Confidential Information to employees and contractors who have a genuine need-to-know and who are bound by confidentiality obligations
• Protective Measures: Apply the same degree of protection to Confidential Information as it applies to its own confidential information, but in no event less than reasonable care
• No Ownership Claim: Not claim any ownership rights over the Disclosing Party's Confidential Information or intellectual property

4. Exclusions from Confidential Information

This Agreement does not apply to information that:

• Was publicly known at the time of disclosure or becomes publicly known through no fault of the Receiving Party
• Was rightfully in the Receiving Party's possession prior to disclosure
• Is independently developed by the Receiving Party without use of or reference to the Confidential Information
• Is rightfully obtained by the Receiving Party from a third party without restriction on disclosure
• Is required to be disclosed by law, provided that the Receiving Party gives reasonable notice to allow the Disclosing Party to seek protective measures

5. Duration of Protection

This Temporary NDA provides protection for your Confidential Information for a period of two (2) years from the date of submission.

If the parties enter into a business relationship or formal agreement, a comprehensive, project-specific NDA will be executed that may extend or modify these protections.

6. No Obligation to Proceed

This Agreement does not create any obligation for either party to:

• Enter into any business relationship or contract
• Pursue any specific idea or opportunity
• Provide feedback, evaluation, or response to submitted materials
• Refrain from pursuing similar ideas independently developed

7. Return or Destruction of Materials

Upon written request by the Disclosing Party, Matrix Solutions Group will:

• Return all physical materials containing Confidential Information
• Delete or destroy all electronic copies of Confidential Information
• Provide written confirmation of such return or destruction

However, the Receiving Party may retain copies as required by law or for legal compliance purposes, subject to continued confidentiality obligations.

8. Intellectual Property

Nothing in this Agreement grants the Receiving Party any rights, title, or interest in the Disclosing Party's intellectual property. All intellectual property rights in the Confidential Information remain with the Disclosing Party.

The Receiving Party acknowledges that the Confidential Information may contain valuable trade secrets and proprietary information, and agrees not to use such information to file any patent applications or other intellectual property registrations.

9. Remedies

The Disclosing Party acknowledges that a breach of this Agreement may cause irreparable harm for which monetary damages may be inadequate. Therefore, the Disclosing Party shall be entitled to seek injunctive relief, specific performance, and other equitable remedies in addition to any other remedies available at law.

10. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Montana, United States, without regard to its conflict of law principles. Any disputes arising under this Agreement shall be resolved in the federal or state courts located in Montana.

11. Agreement Activation

This Temporary NDA becomes effective when you:

• Submit an incubation application through our "Apply for Incubation" form
• Submit an idea through our "Pitch Your Idea" form
• Check the acknowledgment box confirming you have read and agree to this Agreement

Your submission with the acknowledgment checkbox constitutes your electronic signature and acceptance of these terms.

12. Formal NDA Option

If you prefer to execute a formal, signed NDA before submitting your idea or confidential information, please contact us:

We will provide a formal NDA for your review and signature within 2 business days.

13. Contact Information

For questions about this Temporary NDA or to report a potential breach:

Ready to Share Your Idea?

Your submission will be protected under this Temporary NDA.