Virginia Consultant Confidentiality Agreement for Use in Technology Transactions

State:
Multi-State
Control #:
US-TC0307
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Word; 
PDF; 
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Description

This is a confidentiality agreement between a consultant and the company who has hired the consultant. It is the typical confidentiality agreement used when there are technology transactions.

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FAQ

Confidentiality Clause - Sample 02 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.

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.

Drafting Checklist for a Nondisclosure Agreement Include all party names. ... Double check your description of the protected information. ... Consider how the confidential information may be used by the receiving party. ... Negotiate a term to benefit your company. ... Consider how to keep your information private. ... Disclaim warranties.

Each Party (i)shall maintain the other Party's Confidential Information strictly confidential, (ii)agrees that it will take the same steps to protect the confidentiality of the other Party's Confidential Information as it takes to protect its own Confidential Information, which shall in no event be less than reasonable ...

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.

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Virginia Consultant Confidentiality Agreement for Use in Technology Transactions