This is a nondisclosure agreement that is to be used in technology transactions. It concerns the use and confidentiality of "evaluation material" between the target company and a company seeking a transaction with that company.
A New York Unilateral Nondisclosure Agreement (NDA) is a legal document used in technology transactions to protect confidential information shared by one party with another. It establishes a confidential relationship between the parties involved and outlines the terms under which the recipient of the information must keep it confidential. Keywords: New York, Nondisclosure Agreement, Unilateral, Technology Transactions, Confidential Information, Legal Document, Confidential Relationship. There are several types of New York Unilateral Nondisclosure Agreements commonly used in technology transactions, including: 1. Standard Unilateral Nondisclosure Agreement: This is the most common type, where only one party (the disclosing party) shares confidential information with another party (the recipient). The recipient agrees to keep the information confidential and not disclose it to any third parties. 2. Mutual Nondisclosure Agreement: In some cases, both parties involved in a technology transaction may need to share confidential information. In this type of NDA, both parties agree to keep each other's information confidential. 3. Non-Compete Nondisclosure Agreement: In addition to keeping the information confidential, this type of NDA also includes provisions that restrict the recipient from competing with the disclosing party using the shared information. It ensures that the recipient cannot use the confidential information to gain a competitive advantage. 4. Limited Purpose Nondisclosure Agreement: This type of NDA specifies the limited purpose for which the confidential information can be used. It restricts the recipient from using the information for purposes other than the agreed-upon purpose, such as development or evaluation of a specific technology. 5. Time-Limited Nondisclosure Agreement: This NDA includes a specified duration for the confidentiality obligations. After the agreed-upon period, the recipient is no longer bound by the obligation to keep the information confidential. It's important to consult with a legal professional to ensure that the drafted NDA meets the specific needs and requirements of the technology transaction in compliance with New York laws and regulations.
