* Confidentiality agreement

A confidentiality agreement, also called a confidential disclosure agreement (CDA), or secrecy agreement, is a legal contract between at least two parties which outlines confidential materials or knowledge the parties wish to share with one another for certain purposes, but wish to restrict from generalized use. In other words, it is a contract through which the parties agree not to disclose information covered by the agreement. An confidentiality agreement creates a confidential relationship between the parties to protect any type of trade secret. As such, a confidentiality agreement can protect non-public business information.

confidentiality agreements are commonly signed when two companies or individuals are considering doing business together and need to understand the processes used in one another's businesses solely for the purpose of evaluating the potential business relationship. confidentiality agreements can be "mutual", meaning both parties are restricted in their use of the materials provided, or they can only restrict a single party.

It is also possible for an employee to sign an confidentiality agreement orconfidentiality agreement-like agreement with a company at the time of hiring, in fact some employment agreements will include a clause restricting "confidential information" in general.

Size : 30 kb
Words : 1138
Pages. : 4
Language : English
Document type : .doc (Microsoft Word)

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