Wake North Carolina Non-Disclosure Agreement for Merger or Acquisition

State:
Multi-State
County:
Wake
Control #:
US-01760-6
Format:
Word; 
Rich Text
Instant download

Description

The parties desire to exchange confidential information for the purpose described in the agreement. Except as otherwise provided in the agreement, all information disclosed by the parties will remain confidential.
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FAQ

Since NDAs are civil contracts, breaking one isn't technically a crime. However, it could come with severe financial penalties. Violating an NDA leaves you open to lawsuits from your employer, and you could be required to pay financial damages and possibly associated legal costs.

The Important Elements of NDAs 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.

Typical NDA clauses include the following: Definition of Confidential Information.Explanation of Purpose for Disclosure.The Parties to the Agreement.Disclosure.No Disclosure.No Use.Exclusions from Confidential Information or Limits on Information Deemed Confidential.Obligations of Receiving Party.

Disclosure Agreement (NDA) is a document that is exchanged between a prospective buyer and a seller in the initial stages of an M&A transaction. The document is exchanged after the prospective buyer shows interest in a company after looking at the teaser of the target.

The purpose of a Non-Disclosure Agreement An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges.

Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.

Uses of Non-Disclosure Agreements Information that may require NDAs includes secret recipes, proprietary formulas, and manufacturing processes. Protected information also typically includes client or sales contacts lists, non-public accounting figures, or any specific item that sets one company apart from another.

One of the most common situations in which companies use NDAs, however, is when employees have access to confidential information, including trade secrets, proprietary processes, client information and lists, marketing strategies, and any other valuable or sensitive information.

NDAs are generally required when two companies enter into discussions about doing business together but want to protect their own interests and the details of any potential deal.

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Wake North Carolina Non-Disclosure Agreement for Merger or Acquisition