A Confidentiality Agreement is a contract in which one party agrees to reveal sensitive or proprietary information to another party. In exchange, the party that receives the information agrees not to share it with any unauthorised third parties.
The purpose of this agreement is often to facilitate business and affirm that the recipient of the information only uses the data as permitted. The party that discloses the information should detail the permitted uses in the contract.
For instance, if you’re considering entering into a business partnership, you can use a Confidentiality Agreement to safely discuss business operations, manufacturing processes, and other sensitive information before entering into a Partnership Agreement.
You can also use LawDepot’s Confidentiality Agreement if you're a buyer who’s assessing the viability of a purchase or sale transaction.
Inventors may also use this agreement when having someone evaluate the originality and patentability of a new invention.
A Confidentiality Agreement is sometimes referred to as a:
- Confidential Disclosure Agreement (CDA)
- Confidentiality Contract
- Proprietary Information Agreement (PIA)
- Secrecy Agreement (SA)