What is a Confidentiality Agreement?
A Confidentiality Agreement (also known as Non Disclosure or Trade Secret ) protects your ideas and confidential information.
It is a written contract stating that the people you talk to will not be able to take your proprietary and confidential information and use it for themselves.
Ideas have value, and your ideas are no different. This type of agreement sets down the boundaries of the relationship, allowing one or both both parties to communicate freely, without having to worry about negative consequences if they disclose proprietary or sensitive information.
To be used when one party is the discloser and the other the Recipient.
Use this when two parties wish to explore business opportunities and it would be mutually beneficial to exchange certain private information.
For use by the Business Owner who wishes to disclose confidential information to a propective Purchaser. This is an essential document when selling a buisness.
This agreement binds an employee to the non-disclosure of private information acquired in the course of his or her employment. It also prohibits them from competing with the employer once s/he has left the employer’s service, whether by working for a competitor, or by setting up a competing business.