Confidentiality Clause For Employees

State:
Multi-State
Control #:
US-00569
Format:
Word; 
Rich Text
Instant download

Description

The Employee Confidentiality and Unfair Competition Agreement includes a key confidentiality clause that mandates employees to protect the Company's proprietary information during and after their employment. This clause defines 'Confidential and Proprietary Information' broadly, encompassing a variety of sensitive data, including customer lists, marketing strategies, and financial information. Employees are required to refrain from disclosing or using this information outside their employment duties for a period of five years following termination. The form also outlines the company's ownership over any inventions created by the employee, and prohibits the employee from competing with the Company for two years post-employment within a defined geographical area. This agreement is essential for maintaining the Company's competitive edge and safeguarding its interests. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to ensure that all employees are legally bound to confidentiality, providing a basis for potential legal action in case of breaches. The form is clear and comprehensive, making it suitable for varying levels of legal understanding and can be easily modified to tailor specific business needs.
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FAQ

A confidentiality statement can be simple, such as, 'I acknowledge that I will receive confidential information and agree to protect it from unauthorized disclosure.' This statement establishes a clear understanding of confidentiality obligations. Using such statements within employment documents reinforces the commitment to confidentiality that is crucial for employees.

I will establish and maintain security measures to safeguard the confidential information from unauthorised access, use, copying, reproduction or disclosure and will protect the confidential information using the same degree of care as a prudent person would use to protect their own confidential information.

A typical confidentiality clause might say, "The phrases and circumstances of this Agreement are completely confidential between the parties and shall not be disclosed to anybody else. Any disclosure in violation shall be deemed a breach of this Agreement."

A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.

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Confidentiality Clause For Employees