This is a nondisclosure agreement that is to be used in technology transactions. It concerns the use and confidentiality of "evaluation material" between the target company and a company seeking a transaction with that company.
California Unilateral Nondisclosure Agreement for Use in Technology Transactions
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US-TC0305
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FAQ
Mutual non-disclosure agreements (NDAs) are legal documents that establish a confidential relationship between two or more parties. The purpose of a mutual NDA is to protect sensitive information that may be shared between the parties during the course of their business dealings.
This Agreement and Receiving Party's duty to hold Confidential Information in confidence shall remain in effect until _________________ or until whichever of the following occurs first: (a) Disclosing Party sends Receiving Party written notice releasing it from this Agreement, or (b) Confidential Information disclosed ...
An NDA can be one-way, or mutual. A one-way NDA is structured so that only one party is disclosing information while the other is receiving it. A mutual NDA contemplates that both parties can give or receive information, and it is confidential to both.
NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information and a person who will gain access to that information.
way NDA is the simplest NDA type. It prohibits the receiver from sharing confidential business information with third parties and determines the consequences of doing so. This type of NDA is especially useful when you're hiring contractors or freelancers for special projects.
While non-disclosure agreements are generally enforceable in California, their enforceability can be subject to certain limitations and considerations.
Many companies use unilateral NDAs to protect confidential information when working with another party. In a unilateral NDA, only one party agrees to keep the other party's confidential information private. However, in a bilateral NDA, both parties agree to keep the other's confidential information private.
When an employee is hired, they sign a unilateral NDA agreeing not to share information learned on the job. By contrast, if one company is merging or acquiring another company, a mutual NDA ensures none of the parties participating in the process divulge confidential information.