Being an entrepreneur requires a lot of interaction between different sets of people whom you need to transact business with. Interaction can happen among clients, business partners, shareholders, suppliers, and vendors, and may put you and your business at risk in the event that confidential or sensitive information be shared.
As a business owner, Confidentiality Agreements play a major role in maintaining the confidentiality of your business and your trade secrets. Our Agreement Forms provide a variety of flexible and easy-to-access templates that are useful for your business’s daily needs. Our choice of sample forms range from Business Agreement Forms to Confidentiality Agreement Forms.
Confidentiality and Non-Disclosure Agreement Form
Confidentiality Agreement Form in PDF
Employee Confidentiality Agreement Form
Generic Confidentiality Agreement Form
Simple Confidentiality Agreement Form
A Closer Look into a Confidentiality Agreement
A Confidentiality Agreement is also known as a Non-Disclosure Agreement. It is a type of contract that takes away another person’s liberty to discuss or divulge confidential or sensitive information pertaining to your business or your business’s trade or trade secrets.
A Trade Secret is anything that is used in business that sets it apart from others. This item has an independnt economic value from being kept from the public.
Examples of trade secrets are recipes, documents or materials, inventions, or even a list of client information.
There are several types of Confidentiality Agreements and each one may sometimes be included as a portion of another contract, such as an Employee Contract, or it may also be constructed as a totally different entity.
Types of Non-Disclosure Agreements
Unilateral Non-Disclosure Agreements
A Unilateral Non-Disclosure Agreement is also known as a One-way NDA. It is a type of agreement that is used when only one organization, party, or individual has access to confidential information. An example of this type of agreement would be an Employee Contract.
Bilateral Non-Disclosure Agreements
A Bilateral Non-Disclosure Agreement, also known as a Two-way NDA, is formulated when two or both parties carry or know information about each other that is at risk of being divulged. An example of business transactions that use these types of NDAs are mergers or partnerships.
Some proprietors or organizations, however, will typically opt to automatically use a Bilateral NDA in anticipation of having to eventually divulge confidential information in order to conduct business.
Multilateral Non-Disclosure Agreement
A Multilateral NDA helps to protect everyone’s interests when there are three or more parties involved.
Medical Confidentiality Agreement Form
Patient Confidentiality Agreement Form Example
Blank Confidentiality Agreement Form
Employee Non-Disclosure/Confidentiality Agreement Form
Sample Confidentiality Agreement Form in Word
The Contents of a Confidentiality Agreement
Names of the Parties Involved
Confidentiality Agreements have to state the name of the individuals involved in the contract. If the agreement is for an employee, the employee’s and employer’s names should be indicated in the contract. If the agreement is for a merger, it should include all the names involved in the transaction.
Specify the Confidential Content
Your Confidentiality Agreement should provide an outline of the type of confidential material involved as well as a specification of the sensitivity of the information.
Legal Consent
A Confidentiality Contract may sometimes need to be terminated in situations when the information is needed for a judicial process or legal proceedings.
Breach of a Confidentiality Contract
Confidentiality Agreements are contracts that are legally binding. A breach of a Confidentiality Agreement may lead to legislative proceedings and settlements for damages incurred.
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