This form is a Basic Nondisclosure Agreement for use where possible disclosure of licensing, patents, or commercial trade secrets is a factor.
The New Hampshire Basic Nondisclosure Agreement, also known as a confidentiality agreement or an NDA, is a legal document that establishes a confidential relationship between two parties. It aims to protect sensitive information shared between them from being disclosed to third parties without proper authorization. This agreement is commonly used by businesses, individuals, or organizations that need to protect their trade secrets, proprietary information, client lists, or any other valuable and confidential data. The New Hampshire Basic Nondisclosure Agreement typically outlines the obligations and responsibilities of both the disclosing party (the one sharing the information) and the receiving party (the one receiving the information) to maintain strict confidentiality. It establishes the terms and conditions under which confidential information is to be handled, ensuring that it remains protected throughout the duration of the agreement. Key elements covered in the New Hampshire Basic Nondisclosure Agreement may include: 1. Definition of Confidential Information: This section precisely defines the information that is considered confidential and subject to protection. It is important to be clear and specific about the types of information covered by the agreement. 2. Purpose of Disclosure: The agreement specifies the purpose for which the disclosing party is sharing the confidential information with the receiving party. This helps establish the lawful basis for the information exchange. 3. Obligations of the Receiving Party: The receiving party is legally obligated to maintain the confidentiality of the disclosed information and may be required to implement specific security measures to safeguard it. This section ensures that the recipient understands the sensitive nature of the information and the consequences of unauthorized disclosure. 4. Exclusions from Confidentiality: Some information may be excluded from the agreement, typically including information that was already publicly known or information that the receiving party can prove was independently developed. 5. Term and Termination: The agreement specifies the duration for which the confidentiality obligations remain in effect. It also outlines the conditions under which the agreement may be terminated, such as a breach of confidentiality by either party. It's worth noting that while the New Hampshire Basic Nondisclosure Agreement provides a foundation for protecting confidential information, it can be customized based on the specific needs of the parties involved. Different types of Nondisclosure Agreements may exist, such as Mutual Nondisclosure Agreements (where both parties are sharing confidential information), Unilateral Nondisclosure Agreements (where only one party discloses information), or Multilateral Nondisclosure Agreements (where multiple parties are involved). These variations are tailored to the specific dynamics and requirements of the confidential information exchange.
