Non-disclosure Agreement Example In Hennepin

State:
Multi-State
County:
Hennepin
Control #:
US-00457
Format:
Word; 
Rich Text
Instant download

Description

The Non-Disclosure Agreement example in Hennepin is designed to protect confidential information shared between a Contractor and a Company in the context of evaluating a potential transaction. Key features of this agreement include stipulations on the use of evaluation material, confidentiality obligations, and provisions for legal compliance in case of disclosures. It explicitly states that the Contractor can disclose information only to necessary personnel or when legally required. This agreement safeguards the Company's proprietary information and outlines the remedies for breaches, including the possibility of injunctions. Filling instructions involve signing and returning the document to confirm acceptance of its terms. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need a structured approach to protecting sensitive information in business dealings. By providing clarity around rights and responsibilities, it helps ensure parties maintain confidentiality during negotiations, thereby reducing risks associated with potential information leaks.
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  • Preview Confidentiality and Nondisclosure Agreement - Evaluation Materials
  • Preview Confidentiality and Nondisclosure Agreement - Evaluation Materials

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FAQ

Typically, a legal professional writing the NDA will complete these steps: Step 1 - Describe the scope. Which information is considered confidential? ... Step 2 - Detail party obligations. Step 3 - Note potential exclusions. Step 4 - Set the term. Step 5 - Spell out consequences.

If you need an NDA, looking at templates online isn't a bad place to start, but ideally you should work with a lawyer who can write a simple NDA for you or tweak the one you have. You may be able to find someone in your community who can do it for a few hundred bucks.

The nondisclosure agreement should identify the parties to the agreement and which one is the disclosing party, or side sharing the information, and the recipient. Names and addresses of the parties should be included. The agreement should also identify other individuals who may be parties to the agreement.

I hereby undertake to treat as confidential all and any information that I receive while participating in the work of evaluating project proposals, to use this information solely for the purpose of evaluation of the proposals, not to disclose it to any third party and not to make it publicly available or accessible ...

The Receiving Party agrees not to issue or release for publication any articles or advertising or publicity matter relating to this Agreement which mention or imply the name of the Disclosing Party any of its affiliates, or subject matter hereof, unless prior written consent is granted by the Disclosing Party subject ...

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.

Five other key features must be included in your NDA to ensure it's legally binding, including a description of confidential information, obligations of the parties involved, any exclusions, the term of the agreement and consequences of a breach.

Example of an Appropriate Non-Disclosure In this case, an appropriate non-disclosure agreement might include the following terms: Definition of Confidential Information: This section would specify that the proprietary algorithms and unique software development processes are confidential information.

I hereby undertake to treat as confidential all and any information that I receive while participating in the work of the Evaluator Panel and evaluating project proposals, to use this information solely for the purpose of evaluation of the proposals, not to disclose it to any third party and not to make it ...

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Non-disclosure Agreement Example In Hennepin