Tennessee Confidentiality Agreement on Information About Leases offered For Sale

State:
Multi-State
Control #:
US-OG-198
Format:
Word; 
Rich Text
Instant download

Description

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.

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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.

Detailed five essential elements that every confidentiality agreement should include. 1) What information is considered confidential? ... 2) Exceptions to confidentiality. ... 3) Obligations/Requirements of signees. ... 4) Consequences of breaking the confidentiality agreement. ... 5) Length of the agreement.

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 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.

Contents Parties to the agreement. Identification of what information is confidential. Time frame of the agreement. Return of the information. Obligations of the recipient. Remedies for breaches of agreement. Other clauses.

The Purpose of Real Estate Nondisclosure Agreements A real estate NDA requires signees to maintain confidentiality for property - related information received during a real estate transaction. Most real estate NDAs are one - way, meaning they restrict the buyer's ability to share the seller's confidential information.

The elements that make up a listing agreement. Names, addresses, and contact information for both the owner and the agent. The time period in which the property will be listed for sale. The listing price of the property. The type of listing agreement being entered into.

The agreement will name the party or parties involved, the items subject to non-disclosure, the duration of the agreement and the obligations of the recipient(s) of confidential information.

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Tennessee Confidentiality Agreement on Information About Leases offered For Sale