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.
Non Disclosure Agreement Sample For It Company In Pennsylvania
State:
Multi-State
Control #:
US-00457
Format:
Word;
Rich Text
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FAQ
Definition of NDA (Non-Disclosure Agreement) It is a contractual protection of information that you do not wish to be disclosed to third parties or the public. protects sensitive information.
disclosure agreement (NDA), also known as a confidentiality agreement, is a legally binding contract in which one party agrees to give a second party confidential information about its business or products and the second party agrees not to share this information with anyone else for a specified period of time.
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There are three types of NDAs: unilateral, bilateral, and multilateral. Read on to learn when you should use each type.
To create a Non-Disclosure Agreement, include the following information: The parties' names and contact information. The length of the non-disclosure period. The scope and definition of the confidential information. The obligations of the Non-Disclosure Agreement. The ownership and return information.
disclosure agreement (NDA) is a confidential agreement used to protect your intellectual property. An NDA contains the definition of confidential information, types of information that cannot be disclosed and, no less importantly, types of information that are not subject to the agreement.
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.
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.
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.
