ADVS » Topics » 21. Non-Disclosure of Advent Confidential Information

This excerpt taken from the ADVS 8-K filed Mar 8, 2006.

21.       Non-Disclosure of Advent Confidential Information

 

Confidential information may take many forms.  An oral presentation about the Company’s product development plans may contain protected trade secrets.  A customer list or employee list may be a protected trade secret.  Demonstration of

 

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a version of new Advent software may contain information protected by trade secret and copyright laws.

 

The protection of our confidential business information and trade secrets is vital to the interests and the success of Advent.  As a condition of employment, all employees are required to sign and return an employment, confidentiality and assignment of inventions agreement with their signed offer letter prior to the start of their employment with Advent.  Employees who improperly use or disclose trade secrets or confidential information will be subject to disciplinary action, up to and including termination of employment and legal action, even if they do not actually benefit from the disclosed information.

 

To further Advent’s business, we may sometimes need to disclose our proprietary information to potential business partners.  However, such disclosure should never be made without carefully considering its potential benefits and risks.  If your supervisor/manager and other appropriate Advent management determine that disclosure of confidential information is necessary, you must then contact the Legal Department to ensure that an appropriate written nondisclosure agreement has been signed by all parties before any disclosure takes place.  Additionally, no financial information other than that required by statutory reporting requirements may be disclosed without the prior approval of the Chief Financial Officer.  Never accept a third party’s nondisclosure agreement without reviewing it with the Legal Department.

 

Confidential information is sometimes distributed to employees from members of the executive staff.  Advent employees are not authorized to share this information externally.  Posting these communications on the Internet or e-mailing them to outside parties is prohibited.  Only designated employees may refer to this information externally or speak with the press or financial analyst community regarding confidential matters.

 

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