Customer Confidentiality Agreement
About this form
The Customer Confidentiality Agreement, commonly referred to as a nondisclosure agreement (NDA), is a legally binding contract that ensures proprietary information shared between two parties remains confidential. This agreement not only protects sensitive information, but it also establishes a clear understanding of the responsibilities and consequences linked to confidentiality, which may differ from other contracts aimed at protecting trade secrets.
Key parts of this document
- Date of the agreement.
- Names and addresses of the parties involved (Company and Customer).
- Definitions of confidential information and how it should be handled.
- Obligations concerning the safeguarding and return of materials.
- Clauses regarding severability, waiver, and governing law.
- Procedures for dispute resolution through binding arbitration.
When this form is needed
This form is used when a business or individual is considering sharing sensitive information with another party, such as during discussions regarding potential partnerships, business transactions, or product development. It establishes legal boundaries and expectations to protect trade secrets and proprietary information from unauthorized disclosure.
Who needs this form
- Businesses entering negotiations for partnerships or collaborations.
- Companies sharing trade secrets with potential customers.
- Employees and contractors who will have access to confidential company information.
- Any entity that needs to ensure protection of proprietary information during discussions.
Completing this form step by step
- Identify and enter the date of the agreement.
- Fill in the legal names and addresses of both parties involved.
- Specify any confidential information or materials to be shared.
- Outline the obligations for protecting the confidentiality of shared information.
- Have authorized representatives sign and date the agreement.
Notarization requirements for this form
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to define what constitutes confidential information.
- Not specifying the duration of the confidentiality obligation.
- Allowing insufficient protection measures for confidential materials.
- Neglecting to have both parties sign the agreement before sharing information.
Why use this form online
- Convenient access to downloadable templates to save time.
- Editable fields that allow customization according to specific needs.
- Reliability supported by legal professionals in the drafting process.
Legal use & context
- A Confidentiality Agreement is enforceable in court as long as it meets legal requirements.
- It is important to tailor the agreement to reflect the specific nature of the information being protected.
- Penalties for breach of contract can vary, emphasizing the need for clear terms.
What to keep in mind
- A Customer Confidentiality Agreement safeguards sensitive information shared between parties.
- Proper completion and understanding of this form can prevent legal disputes.
- Consulting legal experts can enhance the enforceability of the agreement.
Looking for another form?
Form popularity
FAQ
Depending on the complexity of what you need protected and the number of parties involved, the cost of having an NDA drafted can vary significantly. When you hire a lawyer in the Priori network, drafting an NDA typically costs anywhere from $175-$1,500.
Set the date of the agreement. Describe the two parties, sometimes called the Disclosing Party and the Receiving Party.7feff Include names and identification, so there can be no misunderstanding about who signed the agreement.
Identify each party in the first section of the form. The NDA form will start by declaring it to be an agreement and identifying who the agreement is between. Whoever is disclosing the information to be protected is the "disclosing party"; write his or her name on this space.
Set the date of the agreement. Describe the two parties, sometimes called the Disclosing Party and the Receiving Party.7feff Include names and identification, so there can be no misunderstanding about who signed the agreement.
A confidentiality agreement, which is also known as non-disclosure agreement or simply as an NDA, is simply a contract between two or more parties where the subject of the agreement is a promise that information conveyed will be maintained in secrecy.
A definition of confidential information. Who is involved. Why the recipient knows the information. Exclusions or limits on confidential information. Receiving party's obligations. Time frame or term. Discloser to the recipient.
5 Essential Elements of a Confidentiality Agreement.
Use a standard format for contracts. Decide what type of confidentiality statement you should use. Identify the involved parties in the agreement. Define the information to keep confidential. List the information excluded from the agreement.
