Oklahoma Confidentiality Agreement Addressed to Party Presenting Data and / or Information
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How to fill out Confidentiality Agreement Addressed To Party Presenting Data And / Or Information?
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FAQ
?Disclosing Party? means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. ?Receiving Party? means the party receiving Confidential Information from the other party, including any Affiliate of such other party.
Contents and Terms in a Non-Disclosure Agreement (NDA) Parties ? The parties to the confidentiality agreement will be the potential buyer and seller. It describes the buyer as the ?Receiving Party? and the seller as the ?Disclosing Party.? In case the buyer has few or no assets, then a guarantor may also be involved.
Upon signing this agreement, [insert name of the receiving party] agrees not to use any sensitive, privileged, or confidential information disclosed to them by [insert your name or business name] for any purpose other than the intended use as would be relevant to the relationship entered into by the parties.
The term ?Disclosing Party? means the party and its affiliates providing Confidential Information. The term ?Receiving Party? means the party and its affiliates receiving Confidential Information.
For this reason, the party with sensitive information to protect is called the disclosing party, and the party required to sign the NDA to get access to the information is known as the recipient or receiving party.
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.
"Receiving Party" means the party receiving or obtaining Confidential Information under this Agreement, except that for the purposes of this Agreement, a Party shall be treated as the Receiving Party in respect of Confidential Information that is received by that Party's Representatives.
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.