Free Confidentiality Agreement
A Confidentiality Agreement protects the confidential information disclosed by one party to another.
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The Confidentiality Agreement is relatively standard in the corporate world. Wherever valuable information is involved, this agreement is the norm. Companies may use this agreement to prevent trade secrets or new business ideas from getting out. Most commonly, an employer and an employee enter into such a contract.
The agreement can also be used to bind one or more parties to confidentiality at the beginning of a partnership or new venture.
There are many types of Confidentiality Agreements. For example, the Non-Disclosure Agreement is a form of Confidentiality Agreement when two businesses enter into a set of negotiations.
Whenever you have to protect valuable information, this contract may be in order.
Depending on your state, a Confidentiality Agreement may also be known as:
The Confidentiality Agreement has many purposes and the main being to protect confidential and often valuable information that could jeopardize one party if shared. To begin with, employers use the agreement to protect information shared with employees and contractors. In short, a Confidentiality Agreement is a straightforward way to protect critical data of any kind.
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Confidentiality Agreements can be overly broad and difficult to enforce as a result. A template can be handy to make this process quick, easy, and useful.
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The Confidentiality Agreement becomes a legally binding document once signed by all parties involved. It is not required by law to have this document notarized. Still, in some instances, it can be a good idea to do so if you anticipate the challenge of signatures one day.
Upon signing, it is customary for all parties to keep a physical copy of the Confidentiality Agreement.
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