Social interaction is a necessity in business, especially when it involves trade and commerce. Socializing and coming in contact with clients, businessmen, partners, shareholders, suppliers, and dealers may require you to expose or reveal pertinent information that is considered to be confidential.
A lot of business owners issue Non-Disclosure Agreements, whether as a separate form of contract or as a clause in a different business contract, to protect themselves from individuals or organizations who might use this confidential data to compete against them.
Mutual Non-Disclosure Agreement Form
Standard Non-Disclosure Agreement Form
Contractor Non-Disclosure Agreement Form
Employee Non-Disclosure Agreement Form
Confidentiality & Non-Disclosure Agreement Form
Trade Secrets
Trade Secrets are any type of information that is vital to the business or the company that has a commercial value and is not known to the public. Trade Secrets are what usually give a company its edge over its competitors.
Trade Secrets can be varied depending on the type of company and its services or products. Examples of Trade Secrets may be:
- a new invention whose inventor is still processing its patent application
- marketing strategies
- a contact list of clients
- a formula to a soda
- recipes
- financial information
- business information
- designs
- blue prints
- manuals
- business methods
As a business owner, it is your responsibility to protect your company by making sure that confidential information remains that way. One way to guarantee that is by constructing a Non-Disclosure Agreement, or an NDA.
As with other Agreement Forms, a Non-Disclosure Agreement is a contract that disallows another person or organization from disclosing information that is considered to be confidential and affects the business’s trade.
Non-Disclosure Agreements
Non-Disclosure Agreements can be a tricky type of document to construct. Our Non-Disclosure Agreement Sample Forms can provide you with Non-Disclosure Agreement templates that cover the basic items necessary in an NDA.
Types of Non-Disclosure Agreements
One-way Non-Disclosure Agreements
A one-way NDA, also called a unilateral non-disclosure agreement, is a type of agreement that is used when only one company or party has access to confidential or sensitive information.
Two-way Non-Disclosure Agreements
A two-way NDA is also known as a Mutual Non Disclosure Agreement. A Two-Way Non-Disclosure Agreement is created when two or both parties are at risk of having confidential information being exposed. This type of Non-Disclosure Agreements is typically used in mergers or in partnerships.
Some proprietors or organizations; however, will typically opt to use a Bilateral NDA in anticipation of having to eventually divulge confidential information in business transactions.
Multilateral Non-Disclosure Agreement
A Multilateral NDA helps to protect everyone’s interest when there are three or more parties involved.
Free Non-Disclosure Agreement Form in PDF
Printable Non-Disclosure Agreement Form
Blank Non-Disclosure Agreement Form
Basic Non-Disclosure Agreement Form
What is in an NDA?
Names of all Parties Involved
First of all, Non-Disclosure Agreement must contain the name or a list of names of individuals who are expected to come in contact with the confidential piece of information.
Terms and Obligations
Your Non-Disclosure Agreement should outline the type of confidential material involved along with the proper indication of the sensitivity of the information.
Consent Clause
An NDA may also include a consent clause that will hold the agreement null and void in times when information is required by law or in a judicial process.
Breach of a Non-Disclosure Agreement
Non-Disclosure Agreements are legally biding. A breach of any of the conditions in Confidentiality Agreement Forms can be used as a basis for legislative procedures and the incurring party may be sued for damages.
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