Non-disclosure Agreement Example In New York

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

Description

The Non-disclosure Agreement example in New York is designed to protect confidential information shared between parties during discussions about potential business transactions. This agreement requires the receiving party, referred to as 'Contractor,' to keep the Evaluation Material confidential and limits its use to evaluating the potential transaction. Key features include the allowance for sharing information with necessary personnel and the obligation to return or destroy all confidential information if the transaction does not proceed. The agreement emphasizes that unauthorized disclosure could cause irreparable harm, thus allowing for injunctive relief. It reinforces the importance of clear terms regarding modifications and the binding nature of the agreement. The specified duration for the confidentiality obligations is twelve months. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in business negotiations, as it provides a clear framework for protecting sensitive information and ensuring compliance with legal standards.
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FAQ

Besides naming all parties to the NDA, five essential elements every NDA should include are: Description Of The Confidential Information. Requirements And Obligations Of The Parties. Exclusions To The Confidentiality Agreement. Term Of The Non-Disclosure Agreement. Consequences Of Breach Of The NDA.

Confidentiality and nondisclosure agreements typically: Describe the context for the parties' agreement, referencing any related transactional documents. Define the specific information to remain confidential. Outline the parameters for the parties' use of confidential information.

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.

The amendments expanded restrictions on the use of nondisclosure provisions (“NDAs”) in certain workplace settlement agreements. These amendments, which took effect on November 17, 2023, apply to all agreements entered into after that date.

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.

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 ...

An employment contract is an excellent example of a unilateral NDA. When an employee is hired, they sign a unilateral NDA agreeing not to share information learned on the job.

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.

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Non-disclosure Agreement Example In New York