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.
Montana 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
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.
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.
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.
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.
The Purpose of Real Estate Nondisclosure Agreements A real estate NDA requires signees to maintain confidentiality for property - related information received during a real estate transaction. Most real estate NDAs are one - way, meaning they restrict the buyer's ability to share the seller's confidential information.
?Confidential Information? is proprietary information disclosed by Seller and relating to the sale of the Property including but not limited to: revenue, taxes, marketing plans, planned capital improvements, the identity or financial status of investors or partners, or other information conveyed in writing or in ...
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.