The parties desire to enter into discussions and negotiations regarding the purchase of material described in the agreement. The parties agree that any information obtained in the discussions will remain confidential and proprietary. All the terms and conditions of the agreement will be binding upon the successors and assigns of the parties and will survive the execution of the agreement and the termination of the discussions and negotiations between the parties.
Non Disclosure Confidentiality Contract With Nike In Maricopa
State:
Multi-State
County:
Maricopa
Control #:
US-00456
Format:
Word;
Rich Text
Instant download
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FAQ
The key elements of Non-Disclosure Agreements: Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.
No matter its title, an NDA is a binding contract, commonly used when two or more parties wish to enter into initial discussions about specific confidential processes, methods or technology, to consider a potential, future relationship, and to agree to restrict the usage and additional disclosure of the shared ...
Some common exceptions include information that is or becomes public through no act of the recipient, information that was already in the possession of the recipient as of the date of disclosure, and information that is disclosed by court order.
As a general concept, non-disclosure agreements, often referred to as NDAs, are agreements between parties that are used to ensure that certain information will remain confidential.
Non-Disclosure Agreements (NDAs) as well as Proprietary Information Agreements (PIAs) and Confidentiality Agreements (CAs) are synonymous terms for legal contracts that protect and govern the exchange of confidential or proprietary information.
An NDA could be unenforceable if it is too broad, is not for a defined time period, covers information that is not confidential, or asks for illegal conduct.
In order to minimize the risk of information falling into the wrong hands, make sure to avoid the four common NDA traps below. Typos and Clerical Errors. Poorly Defining "Confidentiality" ... Not Defining Enforcement and Penalties. Having the Wrong Person Sign.
Some of the exception clauses are: – Information that is in the public domain. – Information that the disclosing party disclosed before signing the agreement. – Information received by the “receiving party” from a third party, wherein the third party was not obliged to keep the information confidential.
What is a nondisclosure agreement? Whereas confidentiality agreements are typically devised in employment or personal situations to protect sensitive information, NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data.
You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.