Confidentiality Between For Compromise

State:
Multi-State
Control #:
US-OG-958
Format:
Word; 
Rich Text
Instant download

Description

The Confidentiality Agreement is designed to protect proprietary information exchanged between a Buyer and a Seller during transaction discussions. It stipulates that both Parties will provide confidential business information, referred to as Buyer's Evaluation Material and Seller's Evaluation Material, which must be used solely for evaluating the potential transaction. Each Party commits to maintaining confidentiality and not disclosing any information to third parties without consent, except under specific legal obligations. The Agreement allows for information sharing only with necessary personnel who are bound by similar confidentiality obligations. In the event of breaches, the Document outlines the entitlement to seek equitable relief, including injunctive relief. This form is particularly beneficial for professionals such as Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it establishes a clear framework for safeguarding sensitive information throughout negotiation processes, thus reducing the risk of detrimental disclosures. Users can easily modify the details of the Parties involved and the duration of confidentiality, ensuring it meets their specific transactional contexts.
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FAQ

[INSERT DETAILS OF SERVICES] You shall treat all Confidential Information as confidential and use the Confidential Information only for providing the Services to me under the Agreement and you shall not disclose, publish or use the Confidential Information for any other purpose without my prior written consent.

I am not permitted to access, view, and alter (change) confidential information unless I have received authorization as required to complete my job responsibilities, and that I will access, view, and alter (change) only the confidential information records needed to perform those job duties.

Ingly, to protect the Confidential Information that will be disclosed during employment, the Employee agrees as follows: Employee will hold the Confidential Information received from [Company Name] in strict confidence and will exercise a reasonable degree of care to prevent disclosure to others.

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.

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."

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Confidentiality Between For Compromise