A company and a contractor are negotiating a possible transaction. The contractor has requested information concerning the business of the company. As a condition of the contractor being furnished with the requested information, the contractor agrees to treat such information as being confidential and the information will be used solely for the purpose of evaluating the tentative transaction between the parties.
Confidentiality And Nondisclosure Agreement For Employees In Allegheny
State:
Multi-State
County:
Allegheny
Control #:
US-00457
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
I agree that: a) I shall not share this information, material or documents (information) with persons within or outside of the ________ who are not authorized to have this information. b) I shall not publish such information. c) I shall not communicate such information without authority.
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.
2. NDAs are enforceable when they are signed — if they are properly drafted and executed.
Pennsylvania law will enforce an NDA provided it is reasonable in scope and duration and protects a legitimate business interest. Courts will generally consider the agreement's reasonableness in terms of what it seeks to protect, for how long, and whether it is overly restrictive in light of the interests at stake.
Completing the Confidentiality Agreement The "Receiving Party" is the person or company who receives the confidential information and is obligated to keep it secret. You'll need to fill in information specific to your circumstances in the spaces provided, such as the parties' names and addresses.
The courts will restrain an ex-employee from violating a restrictive covenant only when the circumstances make it reasonable to enforce. However, a Pennsylvania court will look only at the terms when the ex-employer sues for damages, not an injunction.
"Nondisparagement clause." A provision in a contract or agreement that requires one or more parties to the contract or agreement not to make a negative statement about another party that relates to the contract, agreement, claim or case. "Sexual assault dispute." A dispute involving an offense under 18 Pa. C.S.
In Pennsylvania non-solicitation agreements are enforceable if the agreement is incident to an employment relationship between the employer and employee; the agreement is supported by consideration which may include an initial offer of employment or a beneficial increase in the terms and conditions of employment; the ...
A confidentiality agreement should include the names and addresses of the parties to the contract. Consider also including: Reason for the agreement: Explain why you're sharing this information. The information disclosed: Be specific about the subject matter and what exactly is included in the agreement.
