Kansas Nondisclosure And Noncircumvention Agreement
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FAQ
disclosure agreement is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. An NDA may also be referred to as a confidentiality agreement.
But, there are 12 states that are still considered non-disclosure: Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
The purpose of a non-circumvention (or non-circumvent) agreement is to prevent one or more parties from being passed over in a transaction, leaving them without full compensation for their labor or involvement.
A confidentiality (or nondisclosure) and non-circumvention agreement to be used by a party that wants to both prevent a counterparty's misuse of its confidential information and prevent the counterparty from working directly with the disclosing party's business contacts in a manner that damages the disclosing party.
The purpose of a non-circumvention (or non-circumvent) agreement is to prevent one or more parties from being passed over in a transaction, leaving them without full compensation for their labor or involvement.
Doctorpatient confidentiality (physicianpatient privilege), attorneyclient privilege, priestpenitent privilege and bankclient confidentiality agreements are examples of NDAs, which are often not enshrined in a written contract between the parties.
Unlike some states, Kansas law does not require a standardized seller property disclosure form, although real estate agents often use a form designed to encompass standard disclosures. A potential buyer should always carefully review each item in any disclosure statement provided by a seller.
RADON NOTICE: Kansas law requires sellers to disclose any information known to the seller that shows elevated concentrations of radon gas in residential real property.
As long as a business-to-business noncompetition provision does not negatively affect the public interests, is designed to protect the parties in their dealings, and does not attempt to establish a monopoly, it may be reasonable and valid.
Non-Competes often contain non-solicitation clauses, which say that the employee cannot solicit clients, customers, and other employees of the business. NDAs on the other hand can contain non-circumvention clauses.