What Is A Confidentiality Agreement?
A confidentiality agreement is used when there are two parties; a party who is disclosing information, and a party that is receiving information.
The information that is being disclosed is sensitive information that is intended for the receiving party, and the receiving party only. For example if you are looking for a business partner and you have a prospective partner in mind; you shouldn’t just show them your business plan in case they went to a competitor with the information. You would want that party to sign a confidentiality agreement which means that they are not allowed to disclose the information for the set period of time, and must keep it confidential.
Where Can I Get A Confidentiality Agreement?
Although we are generally all about Landlord Forms, we listen to our customers and provide any forms that may help them as well.
Based on that, we have our very own custom confidentiality agreement. This agreement will allow you to create a confidentiality agreement which is set up to allow you to specify it to your own requirements.
Why Do You Need A Confidentiality Agreement?
It’s very simple: you need to protect sensitive information. Whether it be plans for an invention, a business plan, a marketing strategy – anything you are disclosing to another party that you don’t want shared with others – you need to get them to sign a confidentiality agreement. Then you can share everything with that person and they are unable to provide that information to others. If they do, there can be severe legal repercussions.
What Should Be Included In A Confidentiality Agreement?
First of all you should include the parties involved. The disclosing parties, and the recipients of the information. Our form is set up to allow up to two disclosing parties, and up to four receiving parties. You should provide the names and address of all parties involved.
The confidentiality agreement also must have a statute of limitations within it; our form allows you to set the amount of months and years involved. You may also wish to set specific geographic boundaries or a non-complete clause; again our document is set up to cover you as much as possible.
You must outline the obligations for the recipients as to what they cannot do such as disclosing or publishing the confidential information. You should also note that the recipient may not duplicate the information except for the purposes of said confidentiality agreement. If the confidential information is being provided to the recipient you should set a time limit as to when they must return the information by.
Our form is set up to cover everything and includes topics such as No Publicity, Final Agreement, No Assignment, Severability, Notices, and No Implied Waivers.
The document must be dated, and be signed by all parties involved.
Confidentiality Agreement Templates:
Please see below:
Sample Confidentiality Agreement:
To see either a sample of a Confidentiality Agreement, or see a Confidentiality Agreement blank template, please visit our Confidentiality Agreement Creator and click “Create An Agreement”. There you will be able to see a blank confidentiality agreement to give you an example of what it will look like upon completion.