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.
Pennsylvania Confidentiality Agreement on Information About Leases offered For Sale
Category:
State:
Multi-State
Control #:
US-OG-198
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Pennsylvania 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.
Tenant agrees that this Lease and the terms contained herein will be treated as strictly confidential and except as required by law Tenant shall not disclose the same to any third party (other than Tenant's officers, employees, shareholders, partners or members, accountants, attorneys, brokers, other professional ...
Hear this out loud PauseA binding contract must be supported by consideration. That means the person signing the confidentiality agreement needs to get something in return for his or her promise. ingly, confidentiality agreements require consideration to be valid.
Hear this out loud PauseObligations can include: not using or exploiting the confidential information in any way except for the purpose; not recording the confidential information except as strictly necessary for the purpose; not transmitting it in any form or by any means outside its usual place of business; and not directly or indirectly ...
Hear this out loud PauseBreach of confidentiality clause samples The Contractor acknowledges any breach or threatened breach of confidentiality that this Agreement will result in irreparable harm to the Client for which damages would be an inadequate remedy.
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.
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."
Hear this out loud PauseA confidentiality agreement is a legal contract or clause that is used to protect the owner's proprietary or sensitive information from disclosure by others.