Third Party 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.

An employer will often require an employee to sign an NDA because it allows their company to operate at a higher level, with less risk.Understand, your employer is not asking you to sign an NDA out of mistrust, they are asking you to sign one because it is essential to conducting business smoothly and efficiently.

Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.

The party to be charged must have signed the contract. Since the NDAs benefit you, so long as the other party has signed, that ishould be sufficient.

Disclosing Party means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. (d) Receiving Party means the party receiving Confidential Information from the other party, including any Affiliate of such other party.

Read the Duration clauses. Good NDAs will have two different terms of duration. Read the termination clause. Like any other relationship, business partnerships can come to an early end unexpectedly. Read the Return of Information clause.

"Recipient" means a party to this agreement that receives or obtains directly or indirectly Confidential Information. "Representative" means, in relation to a party, that party's employees, agents, accountants and lawyers.

In the Sample NDA Agreement, the Disclosing Party is the person disclosing secrets, and the Receiving Party is the person or company who receives the confidential information and is obligated to keep it secret. The terms are capitalized to indicate they are defined in the agreement.