Non Disclosure Form Statement With Text

State:
Multi-State
Control #:
US-03119BG
Format:
Word; 
Rich Text
143 downloads

Description

The Non-Disclosure Agreement is a legal document that establishes the confidential relationship between two companies: the Disclosing Party and the Receiving Party. This form details the nature of Confidential Information, which can include technical, financial, and business data, and outlines how this information should be treated to prevent unauthorized disclosure. The agreement specifies the duration for which confidentiality must be maintained and allows for disclosure only to employees or agents with a legitimate need to know. Important provisions include the definition of exclusions from confidentiality, the return or destruction of confidential materials upon request, and stipulations for governing law and dispute resolution through arbitration. Key features of the form include sections on severability and modification, ensuring its legal enforceability. This Non-Disclosure Agreement is particularly useful for attorneys, business partners, owners, associates, paralegals, and legal assistants, as it allows them to safely share sensitive information while protecting their interests and ensuring compliance with confidentiality requirements.
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FAQ

The Receiving Party agrees to use the Confidential Information solely in connection with the current or contemplated business relationship between the parties and not for any purpose other than as authorized by this Agreement without the prior written consent of an authorized representative of the Disclosing Party.

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.

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.

I agree that I owe the Company and such third parties, during the term of my employment and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation (except as necessary in carrying out my work for the Company ...

You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.

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Non Disclosure Form Statement With Text