7.0. EDSR 03-09-1998 - Laserfiche WebLink

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• 3.5. Job Openings. The Company agrees to post all job openings with the Private Industry Council 5 at 657 Main Street NW, Elk River, Minnesota 55330, Phone 441-5903, and the Company agrees to keep a written record of all persons interviewed and hired by completing the Notice to Employee attached as Exhibit B. The Company acknowledges that a portion of the funds used to facilitate the Elk River Business Incubator are provided from Federal Community Development Block Grants and as such, the EDA and Company are required to meet certain standards for the use of such funds. 3.6. Vendor Contracts. The Company shall make available to the EDA Executive Director, its vendor contracts. Such vendor contracts will be used to provide opportunities to local manufacturing companies and service providers in order to create and retain jobs in our community. The Company is strongly encouraged to utilize local businesses in its manufacturing and production of goods, however the Company is allowed to make the final decision on its own vendors at all times. 4. INDEMNIFICATION. The Company shall indemnify and hold harmless the EDA from any loss, damage, expense, liability, or claim, including without limitation attorneys' fees and expenses of litigation, to which such parties may become subject arising out of: (a) any failure of the • Company to perform any of its covenants, agreements or undertaking contained in this Agreement, the lease of space, or in any other agreement executed in connection with the transactions contemplated herein; or (b) any other action or inaction of the Company, its directors, officers, employees, or designees, which action or inaction is not a result of any fault on the part of the EDA. 5. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. A. The EDA agrees that during the term of this Agreement and for a period of two (2) years immediately thereafter, it shall not, other than to EDA Commissioners, and in a non-public format, disclose to any individual, firm, corporation, partnership, or other business entity, or use for its own financial gain or benefit, any Confidential Information (defined below), that it obtained during the term of this Agreement. "Confidential Information" shall mean any and all information (other than trade secrets) relating to the Company's business provided to the EDA during the term of this Agreement or to which the EDA had access or which it compiled during the term of this Agreement, not generally known to the public, and with respect to which (i) the Company has clearly indicated to the EDA that such information is confidential and proprietary, or (ii) the Company has provided written notice to the EDA confirming that such information is confidential • and proprietary. The Company agrees and acknowledges that it will not be required by this Agreement to disclose to the EDA (and the EDA neither eda/doc/watagrmt 5