When it comes to protecting sensitive information, non-disclosure agreements (NDAs) are an essential tool for businesses of all sizes. These agreements outline the terms and conditions of data sharing, making sure that information is kept confidential between the parties involved.
If you are in need of a non-disclosure of confidential information agreement, then look no further. In this article, we will be providing a template that can be customized to meet your specific needs.
Non-Disclosure Agreement Template
[Insert the name of the parties involved in the agreement]
The parties named above (“Parties”) agree to enter into a Non-Disclosure Agreement (“Agreement”) to protect the confidentiality of certain proprietary and confidential information.
Definition of Confidential Information
Confidential Information refers to any information disclosed by either party to the other, either directly or indirectly, in writing, orally or by inspection of documents or other tangible property. The Confidential Information may include, but not limited to, information relating to:
• Trade secrets
• Financial information
• Business strategies
• Customer lists
• Marketing plans
• Technical data
Obligations of Receiving Party
The Receiving Party (the party receiving the Confidential Information) shall hold the Confidential Information in confidence and shall not disclose the Confidential Information to any third party without the express written consent of the Disclosing Party (the party disclosing the Confidential Information).
The Receiving Party shall take all necessary measures to protect the confidentiality of the Confidential Information and shall not use the Confidential Information for any purpose other than for the purpose of this Agreement.
Obligations of Disclosing Party
The Disclosing Party (the party disclosing the Confidential Information) shall provide the Confidential Information to the Receiving Party only for the purpose of the Agreement.
The Disclosing Party shall not be responsible for any damages caused to the Receiving Party as a result of the disclosure of the Confidential Information.
This agreement shall remain in effect for a period of [Insert the length of time that the agreement will remain in effect]. At the end of this period, the Receiving Party shall return all Confidential Information to the Disclosing Party.
This Agreement shall be governed by and construed in accordance with the laws of [Insert the state or country where the Agreement is enforceable].
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
This Agreement constitutes the entire agreement between the parties, and supersedes all prior agreements and understandings, whether written or oral, relating to the Confidential Information.
In Witness whereof, the parties have executed this Agreement on the date and year first written above.
[Insert the name of the Disclosing Party]
[Insert the name of the Receiving Party]
A Non-Disclosure Agreement is an important tool to protect confidential information, and this template serves as a comprehensive guide for drafting an agreement that meets your specific needs. Remember to consult with a legal professional to ensure that the agreement is enforceable and legally binding. By using this template and consulting with a legal professional, you can ensure the protection of your sensitive information.