A confidentiality agreement is a document prepared between the two or more organizations, individuals and entrepreneurs for maintaining confidentiality of certain trade commitments while commencing a new business and hiring some services. This confidentiality document performs many functions, whereas the main aim of such a contract is to protect the sensitivity of agreed term & conditions.
A confidentiality agreement is also known as the secrecy and non disclosure agreement. The partners or parties can patent their rights by revising the legal acts.
The type of the confidentiality Agreement:
- Business Confidentiality Agreement
- Employee Confidentiality Agreement
- Partnership confidentiality Agreement
- Mutual Confidentiality Agreement, etc
Following factors should be considered while drafting a confidentiality agreement:
(a)Agreement Number and date on which the agreement is specified.
(b)Mention the type of the confidentiality agreement.
(c) Give the date on which the agreement is commencing and terminating.
(d)Mention the purpose of initiating the agreement.
(e)Contact details of the parties inclusive of name, address and phone numbers.
(f) Discuss all the clauses and covenants of the agreement including business conditions, renewal and termination terms.
(g)Signature of both the parties.
(h)Signature of the lawyer: name & address of the lawyer firm.
The original confidentiality agreement is submitted to the Solicitor in which the changes to all parties are conveyed through a circular.
Category: Confidentiality Agreements