This form may be used when First Party and Second Party are entering into an Agreement for the purpose of protecting the confidentiality and proprietary nature of information and documentation to be furnished by First Party to Second Party regarding the potential sale of Oil and Gas Leases.
Minnesota Confidentiality Agreement on Information About Leases offered For Sale
Category:
State:
Multi-State
Control #:
US-OG-198
Format:
Word;
Rich Text
Instant download
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How to fill out Confidentiality Agreement On Information About Leases Offered For Sale?
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FAQ
Except as expressly provided in this Agreement, the Party receiving Confidential Information (?Receiving Party?) shall not use the Confidential Information in any manner or disclose the Confidential Information to any third party without prior written consent of the Party making the disclosure (?Disclosing Party?).
Contractual confidentiality obligations are fundamental and necessary to help protect the parties that disclose information in these situations. Depending on the circumstances, these obligations can be documented in either: A free-standing confidentiality agreement (also known as a nondisclosure agreement or NDA)
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.
A confidentiality clause binds parties to nondisclosure of proprietary or confidential information within the larger confines of a contract or agreement. Its scope is generally limited in time and type of information.
Lessee agrees that it, its partners, shareholders, members, officers, directors, employees, agents, and attorneys, shall not disclose the terms and conditions of the Lease to any other person without the prior written reasonable consent of Lessor, unless required by the Security Exchange commission, or in connection ...
A confidential information provision in an LLC Company Agreement performs certain functions. The most obvious function of a confidentiality provision is to protect information regarding the business, affairs, and financial condition of the LLC.