Confidentiality Agreement Template 3
Confidentiality Agreement Template 1
Confidentiality Agreement Template 2
Confidentiality Agreement Template 3
Confidentiality Agreement Template 1

Confidentiality Agreement Template

    Confidentiality agreements are for all sensitive information that needs to be protected. Keep your company's trade secrets 100% secure with this legally binding template and sign it today!

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Confidentiality Agreement Template
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Confidentiality Agreement Template

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Whatever you say in confidence to someone is supposed to be a secret. That means no one else should not have access to the same or be privy to it. But these days can you trust someone with your information?

Unless of course there is a specific legal binding to the process everyone is at liberty to disclose information irrespective of any reason. The only way this can be prevented is a confidentiality agreement.

Alternative Names for Confidentiality Agreement

Confidentiality agreements have existed since the meaning of the word trust has been diluted to a great extent. However, they have different names and consist of different types of privileged information.

The most common synonyms for confidentiality agreements are:

  • Non-disclosure Agreements
  • Secrecy Agreements
  • Confidentiality Disclosure Agreements
  • Proprietary Disclosure Agreements

Although the names are different from each other, they all cover the same features. The purpose of a confidentiality agreement is to ensure that whatever is shared between two individuals or parties does not fall into the hands of any other individual or institution.

What Is a Confidentiality Agreement?

Defining a confidentiality agreement is ambiguous. A confidentiality agreement constitutes information to which only selective people or parties are privies too.

This means that the information that is shared is crucial and vital for the individuals or the parties involved. Such information, however, can be classified into multiple categories.

A confidentiality agreement ensures that all the private info is shared securely between two parties or individuals. It outlines the nature and content of the information that is shared between two parties. They are usually notarized so that they can have a strong legal basis.

Get a Legal Confidentiality Agreement Template to Keep Your Secrets!

Since you know now a confidentiality agreement copy is a must-have for any business that needs to protect its sensitive information, download the free template below and make sure your company's proprietary data stays safe from unauthorized disclosure!

Types of Confidentiality Agreement

There are three different types of confidentiality agreements. All of these have their purpose and are meant for different individuals and parties.

Unilateral Confidentiality Agreement

Going by its name, one can say that these agreements are usually formed between two individuals or parties.

They are drawn because an individual or a party shares crucial or vital information with another individual or party which they think might have the chances of being disclosed or divulged.

In that case, the confidentiality agreement is believed to be the best safeguard against such a situation in case there is one.

Bilateral Agreements

A bilateral agreement involves two individuals or parties, but in this case, both sides share essential information. Examples of bilateral agreements are NDAs between financial companies and their shareholders.

Multilateral Agreements

These agreements are usually drawn up between three or more organizations when each of them has shared something with the other in the process of making something together from each of them stand to make substantial gains.

Doctor-patient information and attorney-client privilege fall within the purview of confidential agreements.

What Are Included in a Confidentiality Agreement?

A confidential agreement usually includes the following aspects:

  • Confidential Information: It is shared between individuals where the nature and type of sensitive information are defined and discussed so that there are no further complications. The scope of the information is also highlighted for transparency.
  • Protection of Confidential Information: This part deals with the reason and process of protecting confidential information. It includes the means of achieving confidentiality taken on the part of the individual or the party and the steps that might be made in case any signatory wishes to dilute the narrative of the agreement.
  • Return of Confidential Information: This is followed by a section where the signatories express their agreement of returning the information that is shared after the desired purpose has been achieved or due to a situation that requires the information to be delivered.
  • No Warranty: This part deals with the fact that the owner of the information hands it over on an ‘as is’ basis meaning that no part of the information consists of extended warranties that be utilized for commercial purposes.
  • Limited License: In this section, the parties agree not to claim the information that is handed over to them in light of intellectual property.
  • General Provisions: There are general provisions set by the agreement that deals with the period for which it is supposed to stay in force and the measures that are to be adopted to adhere to the clauses of the agreement.
  • Important Note: The final part of the agreement deals with an important note that suggests that secondary information related to the confidential matter should be shared only in a prescribed form and should be marked ‘confidential’.
  • Signatures: The signature section includes the signatures from both parties. Also, attestation should be done only after a thorough study of the agreement.
Get a Legal Confidentiality Agreement Template to Keep Your Secrets!

Since you know now a confidentiality agreement copy is a must-have for any business that needs to protect its sensitive information, download the free template below and make sure your company's proprietary data stays safe from unauthorized disclosure!

Conclusion

A confidentiality agreement is needed by all those who engage themselves in making something and wishes for their work to receive feedback. CocoSign provides multiple and excellent templates for confidentiality agreements, you could definitely find one that fits your condition.

DOCUMENT PREVIEW

CONFIDENTIALITY AGREEMENT

 

 

This Confidentiality Agreement (this “Agreement”) is made and entered into as of this _____ day of _____________, by the parties whose signatures appear below (the “Signatories”) in connection with the discussions between the Signatories concerning a possible business transaction (the "Proposed Transaction").

 

1. The Signatories have agreed to exchange certain financial, operational and other information concerning their respective businesses (the "Evaluation Materials") and have also agreed that their discussions concerning the Proposed Transaction (the “Discussions”) will proceed in strict confidence.  The Signatories will proceed with the Discussions with the understanding, and subject to the requirement, that each Signatory will abide by the terms of this Agreement and that any Evaluation Materials which one Signatory (the "Disclosing Party") discloses to the other Signatory (the "Receiving Party") will be held in accordance with the provisions hereof.

 

2. The term Evaluation Materials shall include any notes, analyses, compilations, studies or other documents or records prepared by the Receiving Party which contain or are generated from information supplied by the Disclosing Party in connection with the Discussions.  The term Evaluation Materials shall not include, however, any information which is or becomes (a) generally available to the public other than as a result of a disclosure in violation of this Agreement, or (b) available to the Receiving Party on a non-confidential basis from a source other than the Disclosing Party, provided that such source is not known by the Receiving Party to be prohibited from disclosing the information to the Receiving Party by a contractual, legal or fiduciary obligation to the Disclosing Party.

 

3. Except as otherwise expressly provided in this Agreement, (a) all Evaluation Materials shall be held in strict confidence by the Receiving Party, (b) neither Signatory will disclose, or permit any Representative (as such term is defined below) to disclose to any person the fact that Evaluation Materials have been exchanged, that discussions or negotiations concerning the Proposed Transaction are being held, or any of the terms, conditions or other facts with respect to the Proposed Transaction, including the status thereof, and (c) all Evaluation Materials shall be used by the Receiving Party solely for the purpose of evaluating and negotiating the Proposed Transaction.  The foregoing notwithstanding, the Receiving Party may disclose Evaluation Materials to its directors, officers, employees, attorneys, accountants, consultants, financial advisors and other representatives (collectively referred to as "Representatives") who, in the Receiving Party's reasonable judgment, need to know such information for the purpose of evaluating or negotiating the Proposed Transaction.

 

4. To the extent the Receiving Party or any of its Representatives are requested or required (orally or in writing, by interrogatory, subpoena, civil investigatory demand or any similar process relating to any legal proceeding, investigation, hearing or otherwise) to disclose any Evaluation Materials, the Receiving Party will provide the Disclosing Party with prompt notice in advance of such disclosure so that the Disclosing Party m

ay seek a protective order or other appropriate remedy and/or waive compliance with this Agreement, and the Receiving Party shall cooperate with the Disclosing Party in pursuing any such course of action.  In the event that such protective order or other remedy is not obtained, the Receiving Party will furnish only such information as the Receiving Party is legally required to disclose and will exercise its best efforts to obtain assurance that confidential treatment will be accorded to any information which it is required to disclose.

 

5. At any time upon the request of the Disclosing Party, the Receiving Party shall promptly return to the Disclosing Party and/or destroy all Evaluation Materials provided by the Disclosing Party which are in the Receiving Party's or its Representatives' possession or control, without retaining any copy, extract or reproduction thereof and shall, upon request of the Disclosing Party, confirm such return and/or destruction in writing.  Notwithstanding the return and/or destruction of the Evaluation Materials, the Receiving Party and its Representatives will continue to be bound by the confidentiality and other obligations created hereby.

 

6. The Signatories acknowledge and agree that there would be no adequate remedy at law for, and that irreparable harm would result from, any material breach of the provisions of this Agreement.  Accordingly, in the event of such a breach by one Signatory, the other Signatory shall be entitled to injunctive relief and to specific enforcement of the terms and provisions hereof, in addition to any other remedy to which such other Signatory may be entitled at law or in equity. If any action is initiated to enforce any of the provisions hereof, the prevailing party shall be entitled to reimbursement of all costs and expenses, including the reasonable fees and expenses of legal counsel, incurred by it in connection therewith.

 

 7. This Agreement shall be governed by and construed in accordance with the laws of the State of California applicable to agreements made and to be performed within such State.  This Agreement may be modified, or any provision hereof waived. only by a separate writing signed by both Signatories that expressly so modifies, or waives any provision of, this Agreement.

 

IN WITNESS WHEREOF, the Signatories have executed this Agreement as of the date first written above.

 

 

                          

 

 

 

                           

 

 

By:                      

Title:                      

 

 

 

 

By:                       

Title:                       

 

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