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.
Utah Confidentiality Agreement on Information About Leases offered For Sale
Category:
State:
Multi-State
Control #:
US-OG-198
Format:
Word;
Rich Text
Instant download
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How to fill out Utah Confidentiality Agreement On Information About Leases Offered For Sale?
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FAQ
Non-Confidential Information means information that falls under any of these categories: it becomes part of the public domain through no fault of the party receiving the information; it was rightly known to the receiving party before its disclosure; it was independently developed by the receiving party; it is learned ...
In a confidentiality or non-disclosure agreement, parties agree to keep private nonpublic information received during a business relationship, including in the early stages of exploring a potential business relationship.
Required Seller Disclosures in Utah A seller is required to disclose any knowledge of zoning or legal violations on their property, damaged sewer or septic tanks, heating or air-conditioning problems, mold, appliance problems, damaged equipment, roofs that leak or have leaked and other conditions that must be revealed.
The parties to this Agreement agree that each shall treat as confidential all information provided by a party to the others regarding such party's business and operations, including without limitation the investment activities or holdings of the Fund.
Some of the exception clauses are: ? Information that is in the public domain. ? Information that the disclosing party disclosed before signing the agreement. ? Information received by the ?receiving party? from a third party, wherein the third party was not obliged to keep the information confidential.
Is an NDA itself confidential? It's possible for an NDA itself to be confidential, but that depends on the NDA and its terms. To make the NDA itself confidential, the terms can define the NDA as part of the ?confidential information?.
To add further confusion, some non-disclosure states may have counties that are full disclosure. The current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.
Before you sign an NDA, keep the following seven points in mind. 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.