Unilateral Non Disclosure Agreement Template

October 13, 2021  |  Uncategorized  |  Share

The remedies available in the event of a breach of the contractual agreement are relatively proportional to the seriousness of the damage suffered. In the event of a breach of information, the disclosed party is entitled to a percentage of the profit resulting from the breach of information, damages or injunctions. The receiving party in this Agreement shall not be liable for any breach of information if the information: (a) is known to the recipient even before disclosure; (b) have been disclosed or made out by the receiving Party prior to disclosure by the party being disclosed; (c) be obtained by a third party who is not a party to the agreements of the disclosing party and who does not violate any laws or contractual obligations, (d) a legal or judicial obligation to disclose such information, which has been disclosed to the receiving party prior to the signing of an agreement by the party that disclosed it. IMPORTANT WARNING: Vertex42.com is not a law firm and does not offer legal advice or representation. The Confidentiality Agreement, instructions and related information (“Legal Information” contained therein) may not be tailored to your specific situation, may not be used in certain jurisdictions and should be reviewed and, if necessary, amended by a licensed attorney before being used as the most appropriate legal contract. Vertex42 makes no warranties or guarantees regarding legal information and your use of legal information is solely at your own risk. By using the Legal Information, you release Vertex42 from any claim, loss or damage resulting from such use, and you agree that Vertex42`s liability, if any, shall be limited in accordance with the Terms of Use. There are two main types of confidentiality agreements: unilateral NDA and mutual NDA. Unilateral confidentiality agreements (such as the agreement contained in this package) should be used if only one party shares confidential information, for example. B if you are looking for financing or investment in your business. Mutual confidentiality agreements should be used when each party exchanges confidential information, for example.

B where the parties are considering the creation of a partnership, joint venture or merger. 1. Overview Almost all companies have confidential and private information, from product plans and customer lists to software and blueprints. In many cases, the disclosure of such confidential information can seriously harm a company, especially when that information falls into the hands of competitors. Moreover, in our technological world, data can surround the globe in a matter of hours (if not minutes). Since the agreement limits the use of confidential information to the purpose set out in the agreement, the definition of this term is decisive. The correct definition of purpose can mean the difference between the use and misuse of your confidential information….