Confidentiality Provision In Contract

State:
Multi-State
Control #:
US-ND2306
Format:
Word; 
PDF
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Description

The Confidentiality provision in contract details essential terms for maintaining the confidentiality of sensitive information shared between parties. It defines 'Confidential Information', outlining what constitutes such information and exceptions where it does not apply. The Recipient is obligated to keep this information confidential during and after the agreement's term, using reasonable efforts to prevent unauthorized disclosure. If there is a breach, the Recipient must promptly notify the Company and assist in remedying the situation. Certain individuals, termed 'Permitted Disclosees', may access this information only with specific conditions. Upon termination of the agreement, all confidential information must be returned or destroyed, ensuring no retention of sensitive data without consent. This provision also addresses compelled disclosures by outlining notification and consultation processes to protect the Company's interests. It emphasizes the importance of equitable relief in cases of breach and imposes indemnity for unauthorized disclosures. Overall, this contract is crucial for protecting business interests and proprietary information, making it highly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who manage sensitive transactions.
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FAQ

FeffWhat Should I Include in a Confidentiality Agreement?Set the date of the agreement.Describe the two parties, sometimes called the Disclosing Party and the Receiving Party.7feff Include names and identification, so there can be no misunderstanding about who signed the agreement.More items...?

"There are several key pieces of information that should be included in NDAs, or non-disclosure agreements. The most important items include customer lists, financial and profit margin information, product breakdowns, bestselling segments and sales scripting and messaging."

The Contracting Parties and their respective counsel represent and agree that, except for matters of public record as of the date of this Agreement, they will keep the terms and contents of this Agreement confidential, and that they will not hereinafter disclose the terms of this Agreement to other persons except as

The Confidentiality clause in contracts sometimes referred to as the Non-disclosure clause, is a clause providing that if either party receives several certain information from the other party through a contractual relation, such party shall be responsible for keeping such information confidential.

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Confidentiality Provision In Contract