Michigan Confidentiality Agreements Package

State:
Multi-State
Control #:
US-P079-PKG
Format:
Word; 
Rich Text
Instant download

Description

The forms contained in this package are for use by companies and contractors, consultants, or investors. The purpose of these forms is to provide confidentiality obligations on parties receiving information from disclosing parties who consider such information or material to be confidential.



1. Non-disclosure and Confidentiality Agreement by Employee or Consultant to Owner

2. Confidentiality Agreement

3. Confidentiality Agreement between Companies

4. Non-disclosure Agreement

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FAQ

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.

Starting at $1,500.00 for basic Non Disclosure Agreement. More complex matters may range from $5,000.00-$10,000.00. An NDA is a contract by which one or more parties agree not to disclose confidential information that they have shared with each other as a necessary part of doing business together.

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.

To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.

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.

Besides naming all parties to the NDA, five essential elements every NDA should include are: Description Of The Confidential Information. ... Requirements And Obligations Of The Parties. ... Exclusions To The Confidentiality Agreement. ... Term Of The Non-Disclosure Agreement. ... Consequences Of Breach Of The NDA.

NDAs generally will only be enforced if the enforcing party can show: (1) the existence of a trade secret or other confidential information; (2) that the trade secret or confidential information was acquired improperly or as a result of a confidential relationship; and (3) that there was actual or threatened ...

Violating an NDA can have serious consequences ? NDAs are legally binding contracts. If an employee has violated an NDA, then the company may take legal action. The most common claims in NDA lawsuits include: Breach of the contract (such as the breach of NDA)

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.

NDAs generally will only be enforced if the enforcing party can show: (1) the existence of a trade secret or other confidential information; (2) that the trade secret or confidential information was acquired improperly or as a result of a confidential relationship; and (3) that there was actual or threatened ...

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Michigan Confidentiality Agreements Package