Mississippi Confidentiality Agreement Between Consultant and Owner of Lease

State:
Multi-State
Control #:
US-OG-195
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the owner of an oil and gas lease, hires a Consultant to evaluate the leases for sale to a third party. It is the purpose of this Agreement to guarantee that the Proprietary Information furnished by Owner to Consultant shall remain confidential.
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FAQ

Five other key features must be included in your NDA to ensure it's legally binding, including a description of confidential information, obligations of the parties involved, any exclusions, the term of the agreement and consequences of a breach.

A typical confidentiality clause might say, "The phrases and circumstances of this Agreement are completely confidential between the parties and shall not be disclosed to anybody else. Any disclosure in violation shall be deemed a breach of this Agreement."

Typically, a legal professional writing the NDA will complete these steps: Step 1 - Describe the scope. Which information is considered confidential? ... Step 2 - Detail party obligations. ... Step 3 - Note potential exclusions. ... Step 4 - Set the term. ... Step 5 - Spell out consequences.

Here is a common example: CONFIDENTIALITY NOTICE: This message and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is only for the use of the individual or entity to which it was intended.

Consultants often work with sensitive information, such as trade secrets, financial information, and client lists. Unsurprisingly, consultants are typically required to sign non-disclosure agreements (NDAs) that prevent them from disclosing confidential information.

I agree that: a) I shall not share this information, material or documents (information) with persons within or outside of the ________ who are not authorized to have this information. b) I shall not publish such information. c) I shall not communicate such information without authority.

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.

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.

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Mississippi Confidentiality Agreement Between Consultant and Owner of Lease