i) Business Relationship Letter
I have compared the below attached business relationship agreement with the business relationship agreement that we have signed with McDonalds for other products and my comments are as follows:
(a) Clause 9- Propose for deletion as this clause seems created some confusiosn as this business relationship letter has granted us status of "approved supplier" (see 1st page);
(b) Clause 10- Please amend as follows:
" In general, most Products include or embody proprietary formulas, designs or other trade secret owned by McThai (" Proprietary Products") and therefore, unless otherwise authorised by McThai in Writing, all Products shall be exclusively available to McThai's restaurant. McThai agree and acknowledge that you shall remain at all times as the owner of intellectual property, any proprietary information, trade secret and know created outside the scope or created independently of this Agreement. In no circumstances, McThai shall own any manufacturing process of Proprietary Products.
(c) Clause 11- I am not sure whether we are fine to provide such commitment i.e share idea, kow-how and technology,. I would suggest you to check with our R&D team.
(d) Clause 12- Please amend as below:
" All information, ideas and documents provided to suppliers by McThai or developed by a supplier for McThai is the confidential and proprietary property of McThai and must not be disclosed or used without our prior written approval and which must be returned to McThai upon its request. "
ii) Confidentiality and Development Agreement
The agreement looks acceptable and we did sign the similar agreement with McDonalds for other purposes/project/product/region. Nevertheless, I would suggest to get McDonalds to sign our standard NDA as well in order to protect confidential info that we will be disclosing to them.