Agreement Confidentiality Contract Format

State:
Multi-State
Control #:
US-515EM
Format:
Word
Instant download

Description

The Agreement confidentiality contract format outlined in the Reciprocal Non-Disclosure Agreement serves as a formal document intended to protect confidential and proprietary information exchanged between two parties. This agreement defines "Confidential Information" and establishes the rights and obligations of both parties regarding its use and disclosure. Key features include provisions for the ownership of disclosed information, restrictions on use to specific purposes for a period of two years, and requirements for the return or destruction of confidential materials. Potential users, such as attorneys, partners, and legal assistants, will find this form useful for establishing clear boundaries in business negotiations and safeguarding sensitive information from premature disclosure. Additionally, the contract addresses the legality and governance of the agreement, ensuring the protection of both parties under the relevant state laws. Filling and editing instructions emphasize the need for clear identification of parties, signatures, and applicable addresses, streamlining the process for legal professionals. The form includes instructions for initiating arbitration in case of disputes, adding a layer of resolution assurance for those involved.
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How to fill out Reciprocal Nondisclosure Agreement?

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FAQ

What are examples of Confidential Information? Examples of confidential information include a person's phone number and address, medical records, and social security. Companies also have confidential information such as financial records, trade secrets, customer information, and marketing strategies.

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."

In no event will any party make or cause to be made any comment, written statement, or press release to any member of the media concerning the fact of this settlement or the substance or terms of this settlement.

As part of the condition of my work with [name of agency] I hereby undertake to keep in strict confidence any information regarding any client, employee or business of [name of agency] or any other organization that comes to my attention while at [name of agency].

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.

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Agreement Confidentiality Contract Format