Michigan Confidentiality Agreement Addressed to Party Presenting Data and / or Information

State:
Multi-State
Control #:
US-OG-193
Format:
Word; 
Rich Text
Instant download

Description

This form is a confidentiality and non-disclosure agreement used to impose confidentiality obligations on parties receiving information on materials, preventing the disclosure of information or material.
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FAQ

The agreement should identify the purpose to which the recipient can put the confidential information. All other uses of the confidential information should be prohibited. Sometimes a confidentiality agreement states that no rights are licensed by the confidentiality agreement. This is stating the obvious.

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.

?Disclosing Party? means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. ?Receiving Party? means the party receiving Confidential Information from the other party, including any Affiliate of such other party.

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.

Contents Parties to the agreement. Identification of what information is confidential. Time frame of the agreement. Return of the information. Obligations of the recipient. Remedies for breaches of agreement. Other clauses.

Detailed five essential elements that every confidentiality agreement should include. 1) What information is considered confidential? ... 2) Exceptions to confidentiality. ... 3) Obligations/Requirements of signees. ... 4) Consequences of breaking the confidentiality agreement. ... 5) Length of the agreement.

The agreement will name the party or parties involved, the items subject to non-disclosure, the duration of the agreement and the obligations of the recipient(s) of confidential information.

Upon signing this agreement, [insert name of the receiving party] agrees not to use any sensitive, privileged, or confidential information disclosed to them by [insert your name or business name] for any purpose other than the intended use as would be relevant to the relationship entered into by the parties.

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Michigan Confidentiality Agreement Addressed to Party Presenting Data and / or Information