Confidentiality Agreement
(Please read through and fill out online form at end of agreement to accept the terms)

Confidentiality Agreement with Land O'Lakes, Inc. and its assignee, Northwest Food Products Transportation, L.L.C.

Dear Co-op Manager or Member,

Land O' Lakes, Inc. and______________________(hereinafter "Local Cooperative") have been and will continue to be engaging in ongoing discussions concerning the acquisition of certain equipment. During the course of these discussions, it may become necessary for Land O' Lakes, Inc. to divulge and share certain information and Documentation, which it deems confidential. Pursuant to the term's set forth below, Local Cooperative agrees to keep such information and documentation confidential. Please sign both originals of this letter to indicate Local Cooperative's agreement with these terms, keep one for your file, and return the other one to me. Thank you.

A. Definition of Confidential Information

All information, including without limitation, information relating to procurement and costs of equipment and all other related information pertaining to the purchase or lease of equipment provided by Land O'Lakes, Inc. to Local Cooperative, whether disclosed verbally, in writing or otherwise, shall be considered confidential information.

B. Obligation of Secrecy

Local Cooperative agrees to restrict disclosure of such confidential information to such of its employees, consultants or agents as may have an absolute need to know such information in order to perform their services for Local Cooperative, and then only to the employees, consultants or agents under the conditions noted above, such confidential information shall be retained in secret; shall not be utilized in competition with Land O'Lakes, Inc., and shall not be disclosed to others unless the information:

(i) Was known to Local Cooperative prior to disclosure by Land O'Lakes , Inc.;

(ii) Was publicly available to Local Cooperative at the time of disclosure by Land O'Lakes, Inc. by virtue of a printed publication;

(iii) Subsequently becomes available by virtue of a printed publication through no fault of Local Cooperative;

(iv) Was rightfully acquired by Local Cooperative subsequent to disclosure by Land O'Lakes, Inc. from a third party who is not in breach of a confidential relationship with regard to such information; or

(v) Was independently developed by or on behalf of Local Cooperative prior or subsequent to disclosure by Land O'Lakes, Inc. as evidenced by written documents.

C. Return of Property

Upon request, Local Cooperative shall immediately return to Land O'Lakes, Inc. all property, including without limitation, all papers, records, documents, summaries, samples and the like of every kind, and any and all copies thereof, provided to it by Land O'Lakes, Inc. and shall destroy all materials, including without limitation, all papers, records, documents, summaries and the like of every kind and any and all copies thereof which the party, its employees, consultants or agents, created based upon the confidential information provided by Land O'Lakes, Inc.

D. Equitable Remedies

It is recognized and agreed to by the parties hereto that irreparable damage would result from the breach of this confidentiality agreement. Local Cooperative agrees that Land O'Lakes, Inc. shall have the remedy of a restraining order or other appropriate equitable relief to enforce this confidentiality agreement.

Sincerely,

Greg Nelson
Fleet Services Manager

Acceptance by Local Cooperatives
of Confidentiality Agreement

Acceptance by Local Cooperatives of Confidentiality Agreement:
 
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COMPANY:
ADDRESS:
TITLE:
PHONE:
E-mail ADDRESS:
 
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Light Truck
Medium Truck
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Feed Equipment Purchases

 
 

   

 



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Northwest Food Products Transportation, L.L.C.
755A Sommer Street North, PO Box 916, Hudson, WI 54016
Tel:
(715) 377-4652        Toll Free: 866-377-4652