Non-Disclosure Agreement between Disclosing and Receiving Parties

• Category: Confidentiality and Nondisclosure
• State: Multi-State
• Control #: US-CN-1969-4
• Format: Word; Rich Text

Description

This is a sample Non-Disclosure Agreement between Disclosing and Receiving Parties. Non-disclosure agreements dictate the terms about how the information learnt on the job can or cannot be shared by the employee. The form may be customized to suit your needs. A Non-Disclosure Agreement (NDA) between Disclosing and Receiving Parties is a legally binding contract that prevents confidential information shared between the two parties from being disclosed to third-parties. It is used to protect confidential information, such as trade secrets, proprietary information, or other sensitive data, from being shared publicly or with competitors. There are two types of NDAs between Disclosing and Receiving Parties: unilateral NDAs and mutual NDAs. A unilateral NDA is a one-way agreement, meaning the receiving party agrees to keep the disclosing party’s information confidential. A mutual NDA is a two-way agreement, meaning both parties agree not to disclose each other’s confidential information. Under a Non-Disclosure Agreement between Disclosing and Receiving Parties, the disclosing party is usually obligated to provide a description of the confidential information that is being protected, as well as the duration of the agreement. The receiving party is usually obligated to take reasonable steps to maintain the confidentiality of the disclosed information, such as limiting access to authorized personnel only, using encryption, and enforcing security policies. In addition, both parties may be required to agree to certain provisions, such as a non-compete clause that prohibits the receiving party from competing with the disclosing party, or a non-solicitation clause that prohibits the receiving party from soliciting the disclosing party’s employees, customers, or suppliers.

A Non-Disclosure Agreement (NDA) between Disclosing and Receiving Parties is a legally binding contract that prevents confidential information shared between the two parties from being disclosed to third-parties. It is used to protect confidential information, such as trade secrets, proprietary information, or other sensitive data, from being shared publicly or with competitors. There are two types of NDAs between Disclosing and Receiving Parties: unilateral NDAs and mutual NDAs. A unilateral NDA is a one-way agreement, meaning the receiving party agrees to keep the disclosing party’s information confidential. A mutual NDA is a two-way agreement, meaning both parties agree not to disclose each other’s confidential information. Under a Non-Disclosure Agreement between Disclosing and Receiving Parties, the disclosing party is usually obligated to provide a description of the confidential information that is being protected, as well as the duration of the agreement. The receiving party is usually obligated to take reasonable steps to maintain the confidentiality of the disclosed information, such as limiting access to authorized personnel only, using encryption, and enforcing security policies. In addition, both parties may be required to agree to certain provisions, such as a non-compete clause that prohibits the receiving party from competing with the disclosing party, or a non-solicitation clause that prohibits the receiving party from soliciting the disclosing party’s employees, customers, or suppliers.