Confidentiality Agreement Use With No End Date
Description
How to fill out Consultant Confidentiality Agreement For Use In Technology Transactions?
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FAQ
No Expiration Dates Likewise, the confidentiality obligations in an NDA should have no expiration date. If an NDA provides that a party must keep information confidential only for some period of time, when that time expires, so does the secrecy of the information.
During this thirty (30) day period, such oral or visual information so disclosed shall be provided the same protection as Confidential Information.
Another way to set a specific starting date is to have the confidentiality period start from the date the agreement is signed. If you use this method, make sure you don't disclose any secrets until you have the signature and the agreement is in force.
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.
Confidentiality agreements can run indefinitely, covering the parties' disclosures of confidential information at any time, or can terminate on a certain date or event. Whether or not the overall agreement has a definite term, the parties' nondisclosure obligations can be stated to survive for a set period.
