Puerto Rico Letter Confirming Nonconfidentiality of Information

State:
Multi-State
Control #:
US-OG-202
Format:
Word; 
Rich Text
Instant download

Description

This form is a letter sent to the party providing information regarding an oil and gas lease and confirming that the information is not considered confidential.

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FAQ

Because Puerto Ricans are U.S. citizens, they have an advantage in competitive labor markets over foreign workers who require a visa in order to be employed in the U.S.A.

All Confidential Information of a party shall remain the exclusive property of such party, and no right, title or interest in or to any of the Confidential Information or any material developed therefrom is transferred to the recipient party hereby or by its delivery to the recipient party hereunder.

An NDA is a legally enforceable contract that prohibits the unauthorized sharing of sensitive information and establishes a ?confidential relationship? between the parties. A confidential relationship means that at least one party has a duty not to disclose the relevant knowledge without authorization.

1.2 ?Confidential Information? means information furnished by the disclosing party, whether orally, in writing, electronically, in other tangible form or format, or through or by observation, and identified as confidential or proprietary or otherwise disclosed in a manner such that a reasonable person would understand ...

Except as expressly provided in this Agreement, the Party receiving Confidential Information (?Receiving Party?) shall not use the Confidential Information in any manner or disclose the Confidential Information to any third party without prior written consent of the Party making the disclosure (?Disclosing Party?).

A confidentiality agreement is a legal contract or clause that is used to protect the owner's proprietary or sensitive information from disclosure by others.

Public records law (about) Puerto Rico's earliest public records law dates from 1905, and public records provisions may be found at several places within the Puerto Rico code: § 1001 Definitions, 3 L.P.R.A.

disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to others. An NDA may also be referred to as a confidentiality agreement.

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Puerto Rico Letter Confirming Nonconfidentiality of Information