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CONFIDENTIALITY AGREEMENT
THIS CONFIDENTIALITY AGREEMENT (the "Agreement") dated this ________ day of ________________, ________
BETWEEN:
____________________ of ________________________________________________________________________________(the "Employer")
OF THE FIRST PART
- AND -
____________________ of ________________________________________________________________________________(the "Employee")
OF THE SECOND PART
BACKGROUND:
IN CONSIDERATION OF and as a condition of the Employer employing the Employee and the Employer providing the Confidential Information to the Employee in addition to other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:
IN WITNESS WHEREOF ____________________ and ____________________ have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
_______________________________WITNESS: ______________________
_____________________________________________________(Employer)
_____________________________________________________(Employee)
A Confidentiality Agreement is sometimes called a:
Keep in mind, the document name may depend on the industry where the agreement is being used.
A Confidentiality Agreement is used by individuals or businesses to protect information, ideas, transaction details, and more from being revealed to an outside source during the course of a business deal, project, or employment agreement with another party.
A Confidentiality Agreement is used to protect the disclosure of various types of information, such as:
A Confidentiality Agreement is recommended as the first step in situations when an individual or business needs to disclose sensitive information in the context of specific business negotiations, such as:
A non-solicitation clause prohibits an individual (for example, a former business partner or employee) from using insider knowledge to poach or entice away the employees or contractors working for the business.
Alternatively, a non-competition clause prevents a party from starting a business that is in direct competition with your business or from revealing confidential information to a competing enterprise.
With these clauses, you can list a time period in which the party must abide by the duties of confidentiality (i.e. the obligation to keep the information in confidence).
LawDepot's Confidentiality Agreement allows you to set the time frames for confidentiality, non-solicit, and non-compete clauses. However, in order for your document to be enforceable, the time limits and the impact the clauses have on the parties involved must be fair and reasonable.
For instance, a non-compete clause typically cannot be used to stop a lower-level employee from working for a competitor.
While the laws vary with each state, Confidentiality Agreements that address specific private information are enforceable so long as:
Sample
Confidentiality Agreement
Create Your Confidentiality Agreement
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