This form is used when the "Offeror" is providing certain information regarding properties for use in evaluating the properties for possible acquisition from Offeror. This Information is considered confidential by Offeror and is being provided to Offeree under certain terms and conditions.
Kentucky Confidentiality Agreement to Review A Prospect Proposal
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State:
Multi-State
Control #:
US-OG-199
Format:
Word;
Rich Text
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How to fill out Kentucky Confidentiality Agreement To Review A Prospect Proposal?
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FAQ
A Confidentiality Agreement protects confidential information during discussions, proposals, reviews, analysis and negotiations. The agreement allows the disclosing party to share valuable confidential information while retaining control over how the information is used by the receiving party.
Company shall not (i) use any portion of the Confidential Information for any purpose except to evaluate the RFP, including assessment of each Statement of Work under the RFP, in order to prepare its response to the RFP or (ii) disclose the Confidential Information or any part of it to any third party without the prior ...
The Checklist Identify the Parties. ... Define the Confidential Information. ... Specify the Purpose of the NDA. ... Specify the Duration of the Agreement. ... Specify Obligations of the Receiving Party. ... Identify Remedies for Breach. ... Specify Governing Law and Jurisdiction. ... Review Any Additional Terms and Conditions.
An RFP is legally binding if it meets certain requirements set forth in the contract law. An RFP must be specific, clear and concise; it must offer a reasonable sum of money for the goods or services being offered; and the bidder must have an opportunity to respond.
RFP requirements are statements that express the needs and considerations for a procurement project. Buyers use these requirements to write RFPs and evaluate subsequent vendor proposals.
Simply put, businesses must be vigilant in making sure they make a claim that information in the RFP is ?proprietary, privileged, and confidential? as frequently, and as early, as possible.
Contractors and Vendors must sign a Non-Disclosure Agreement [NDA] before receiving the proposal documents which may contain confidential network security information.
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.