Arizona Confidentiality Agreement (Between Parties Contemplating a Transaction)
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How to fill out Confidentiality Agreement (Between Parties Contemplating A Transaction)?
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FAQ
Whereas NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data, confidentiality agreements are typically devised in employment or personal situations to protect sensitive information.
In Arizona, courts will only enforce NDAs if they are ?reasonable,? meaning that overly restrictive NDAs may not protect an employer's confidential information if the matter goes to court. A reasonable, and therefore enforceable, NDA is one that is appropriately restrictive in time, geography, and content.
Exceptions to Confidentiality ? Confidentiality agreements usually exclude certain information, which doesn't amount to a breach of the confidentiality clause. Some of the exception clauses are: ? Information that is in the public domain. ? Information that the disclosing party disclosed before signing the agreement.
One way professional secrecy can be waived is for the client/patient to give clear permission to share the information. For example, if you sign an insurance contract authorizing your insurance company to see your medical records, the insurer can obtain certain information about your state of health.
Exclusions to NDAs This includes any information that may be widely known or considered public knowledge, though there may be a discrepancy around how this is defined. This also includes information that becomes publicly known at no fault to the recipient of the NDA.
It is possible to void an NDA if the party signing it had access to the information before formally becoming a signatory. One of the most compelling instances in which an NDA is revocable or ?null and void? is when a court order is imposed or a government regulation requires its disclosure.
Some of the exception clauses are: ? Information that is in the public domain. ? Information that the disclosing party disclosed before signing the agreement. ? Information received by the ?receiving party? from a third party, wherein the third party was not obliged to keep the information confidential.