When two individuals or businesses enter into a new business relationship, they can use this Non-Disclosure Agreement. The document protects the rights of one or two parties and information disclosed during the relationship.
When two individuals or businesses enter into a new business relationship, they can use this Non-Disclosure Agreement. This document is also known as a Confidentiality Agreement. The document protects the rights of one or two parties and information disclosed during the relationship. This includes commercial information and all the other information related to the business. Therefore, through this document, the parties can protect themselves from disseminating information to competitors.
The Non-Disclosure Agreement provides that the party that receives confidential information may not divulge or use that information for malicious purposes. There are two specific categories of information that are treated differently in Non-Disclosure Agreements - general confidential information and trade secret information - a Non-Disclosure Agreement will make sure to carve out separate protections for these different categories.
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
Both parties may use this document to protect their commercial information. The party completing the document shall indicate identifying information of each party and the parties' wishes and the period of the contract. The document helps to protect any secret business information.
Parties also have the opportunity to protect special "trade secrets." Usually, this is a business formula or process that gives the company an edge over its competitors. These secrets receive even more excellent protection than standard business information.
A completed document should be printed and signed by both parties. We recommend keeping copies in case any future disputes arise.
No federal laws cover Non-Disclosure Agreements. Although individual state laws govern them. Some states interpreted NDA under laws applying specifically to these types of documents. In other states, Non-Disclosure Agreements will be construed according to the general rules of contract law.