|STANDARD MEMO OF UNDERSTANDING
(Two Way Confidentiality Agreement)
. This STANDARD MEMO OF UNDERSTANDING
confirms the overlapping interests of
participants and willingness to share
information in an appropriate and
confidential manner, to help each other in
the course of their parallel growth and
. Participants agree to keep confidentiality
per the DETAILS and TERMS below.
. Client / Associate
. Siterma The World In 4D dba Development One LLC
. These parties seek opportunities to
explore and work with other innovative
virtual reality designers, artists and
. These parties are part of a larger network
of independent designers, artists, and
service providers operating in virtual
. These parties see value in helping each
other by sharing information that does not
violate confidentiality agreements that each
may have with other clients or patrons.
. The information to be shared can include
trends and plans in technology, business,
applications and more.
. These parties have complementary agendas
and agree to help each other in the course
of their parallel growth and development.
1. Detailed information shared such as costs
or names is confidential for internal use
2. For broader use by each party with other
staff or clients, paraphrases without
specifics are acceptable.
3. This memo of understanding may be updated
by mutual agreement or ended by either
should circumstances change.
4. In particular, should any of these
parties determine that their agendas are no
longer complementary they may end this
agreement by simply giving notice "I hereby
end our Standard Memo of Understanding".
5. In the event that a party dissolves the
agreement, all information shared prior to
the agreement being ended remains