What is a Confidentiality Agreement
A Confidentiality Agreement, also known as a non-disclosure agreement (NDA) is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.
It is a contract in which the parties agree not to disclose information covered by the agreement and creates a confidential relationship between the parties to protect any type of confidential and proprietary information.
Confidentiality Agreements are commonly signed when two companies, individuals, or other entities are considering doing business and need to understand the processes used in each other’s business for the purpose of evaluating the potential business relationship. NDAs can be “mutual”, meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party.
Comprehensive Employment Agreements will usually include a clause restricting employees’ use and dissemination of company-owned confidential information.
What does our Confidentiality Agreement include?
- Easy to follow instructions
- Comprehensive terms and conditions which can be modified to suit your specific needs
- Detailed background of the Agreement
- Dictionary of terms
- Terms relating to disclosure of confidential information
- Roles of employees, directors and officers
- Specific clause realting to confidentiality
- Conditions upon which confidentiality ends
- Disclosure by reason of legal obligation
- Infringement of confidentiality
- Duration of confidentiality with the choice of comprehensive options
- Provision for the return of confidential information
- Miscellaneous provision
- Requisite witnessing of document
Download our Comprehensive Confidentiality Agreement now.