Non-Disclosure Agreement Template

Non-Disclosure Agreements Made Easy: Protect sensitive information, customize contract terms, and build trust in your professional relationships with streamlined, hassle-free agreements.

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Non Disclosure Agreement
Jim Clark Co
Non-Disclosure Agreement

agreement

This Nondisclosure Agreement ("Agreement") is made and entered into on [Date], by and between:
Participants
Receiving Party

John Doe

123 Main St

New York, Ny 10012

[email protected]

(212) 555-1212

Disclosing Party

Jessica Clark

3445 Ravenwood Dr

College Park, GA 30349

[email protected]

(404) 763-3294
Terms
1. Definition of Confidential Information: For purposes of this Agreement, "Confidential Information" shall include, but is not limited to, all data, materials, products, technology, computer programs, specifications, manuals, business plans, software, marketing plans, financial information, and other information disclosed or submitted, orally, in writing, or by any other media, to the Receiving Party by the Disclosing Party.

Permitted Third Parties: Disclosure of Confidential Information is permitted to the following third parties: [List of permitted third parties, e.g., independent contractors, agents, or consultants].
Permitted Uses: The Confidential Information may be used solely for the purpose of [specific job duties, projects, or purposes, e.g., performing job duties related to the partnership or project].

2. Excluded Information: Confidential Information does not include information that:

Is or becomes publicly known through no breach of this Agreement by the Receiving Party.
Is rightfully received from a third party without breach of any obligation of confidentiality.
Is independently developed by the Receiving Party without use or reference to the Disclosing Party's Confidential Information.
Is disclosed with the prior written approval of the Disclosing Party.

3. Duration of NDA: This Agreement shall remain in effect for a period of [specify time period, e.g., five (5) years] from the date of disclosure of the Confidential Information.

4. Legal Obligation to Disclose: The Receiving Party acknowledges that if they are required by law to disclose any Confidential Information, such disclosure shall not be deemed a violation of this Agreement, provided that the Receiving Party gives the Disclosing Party prompt notice of such requirement prior to disclosure and cooperates with any attempts to obtain a protective order or other remedy.

5. Handling, Return, and Destruction of Confidential Information:

Handling: The Receiving Party agrees to handle the Confidential Information with the same degree of care as it uses to protect its own Confidential Information, but in no event less than reasonable care.
Return/Destruction: Upon termination of this Agreement, or upon request by the Disclosing Party, the Receiving Party shall promptly return or destroy all documents and materials containing Confidential Information and certify in writing that all such documents and materials have been returned or destroyed.

6. Non-Solicitation of Employees: The Receiving Party agrees not to hire or attempt to hire any employees of the Disclosing Party for a period of [specify time period, e.g., one (1) year] following the termination of this Agreement.

7. Termination of Agreement: This Agreement may be terminated by either party under the following conditions:

By Mutual Agreement: Both parties agree in writing to terminate the Agreement.
For Breach: Either party may terminate this Agreement upon written notice if the other party breaches any material provision of this Agreement and fails to cure such breach within [specify time period, e.g., thirty (30) days] after receiving written notice of the breach.

8. Amendments: Any amendments or modifications to this Agreement must be made in writing and signed by both parties.

9. Signatures: By signing below, the parties agree to the terms and conditions outlined in this Nondisclosure Agreement.
Signatures
Click to sign

John Doe
Entire agreement

This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, whether written or oral. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

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In today's business world, ideas are like gold! Companies work hard to develop unique concepts and inventions. But how do you keep those secrets safe? That's where Non-Disclosure Agreements (NDAs) come in.

Think of an NDA as an agreement to keep information confidential. These agreements keep your ideas from being shared with the wrong people. They're also known by other names like Confidentiality Agreements (CAs) or Proprietary Information Agreements (PIAs), but they all boil down to the same thing: keeping inside knowledge a secret!

What is a Non-Disclosure Agreement?

Imagine you have a brilliant business idea that's the next big thing! But to develop it, you might need to share some details with other people. That's where a Non-Disclosure Agreement (NDA) helps.

An NDA is an agreement between two or more parties that says: "Hey, I'm sharing some secret information with you, and you can't tell anyone else." This ensures your ideas are safe while you collaborate or get things moving.

The agreement spells out exactly what information is confidential and what the other person can (and can't) do with it.

Why Are Non-Disclosure Agreements Important?

Don't want your brilliant ideas to leak? NDAs are like putting a lock on them! Here's why they're so important:

Protecting Intellectual Property: Imagine a revolutionary new gadget you're developing. An NDA ensures details about it don't leak to competitors, giving you a head start in the market.
Protecting Your Business Interests: Maybe you have a secret marketing strategy or a special formula for your product. An NDA prevents this sensitive information from falling into the wrong hands.
Building Trust During Deals: Negotiations can involve sharing sensitive information. An NDA creates a safe space for open communication, knowing your ideas won't be misused.

NDAs ensure you can share valuable information without the risk of losing your competitive edge.

Who Needs a Non-Disclosure Agreement?

Non-Disclosure Agreements (NDAs) aren't just for big corporations! Anyone with confidential information can benefit from an NDA. Here are some situations where NDAs come in handy:

Companies and Employees: Businesses often share confidential details with their teams. An NDA ensures everyone understands what information is secret and how to keep it that way.
Selling Your Business: Thinking of selling your company? An NDA protects your valuable data from falling into the wrong hands during negotiations with potential buyers.
Protecting Your Ideas: Inventors and designers must often share their genius ideas with potential partners or investors. An NDA protects their creative concepts from being copied by others.

If you have something valuable to share but want to keep it confidential, an NDA is a hidden gem!

When to Use a Unilateral NDA versus a Mutual NDA?

There are two main types of NDAs, and knowing the difference is key!

Unilateral NDA: Imagine you have a secret recipe for the best cookies in town! If you share it with your new baker, you'd want them to keep it quiet, right? That's a unilateral NDA. In this scenario, you (the discloser) share confidential information, and the baker (the receiver) promises not to reveal it.
Mutual NDA: Now imagine you're partnering with another bakery to create a new dessert. Both of you would be sharing secret recipes. This calls for a mutual NDA. Here, both parties act as disclosers and receivers, agreeing to keep each other's secret ingredients confidential.

Choose a unilateral NDA if only one party has secrets to share. Use a mutual NDA if both parties put their secret sauce on the table!

What Can Happen If an NDA Is Violated?

Non-Disclosure Agreements (NDAs) are an agreement to keep information confidential. But what happens if someone breaks that agreement? Here's the deal:

Lawsuits: Breaking an NDA could get you in serious trouble and possibly sued for financial damages. The injured party (the one who shared the secret info) can sue the other person for damages.
Valid Agreements Matter: For an NDA to hold up in court, it needs to be clear and follow the law. Imagine an NDA with confusing wording—that might be a get-out-of-jail-free card for someone who breaks it.
Public Knowledge is Fair Game: NDAs can't protect information that everyone already knows or information that can't be legally kept secret.

The Benefits of Sending the Agreement Online

Imagine needing someone to sign an NDA, but you're both swamped. Traditional paper agreements can be a hassle. Printing, signing, scanning, then emailing takes forever!

So simplify the process with Butterscotch's customizable templates! Here's why you'll love us:

Templates On Demand: Add the info you need, change whatever sections don't work, and make the template fit your needs. You can even personalize your contract by adding your personal branding.
Send with a Click: Forget printing, scanning, and mailing. Securely send contracts electronically!
Electronic Signatures: Get them signed with electronic signatures by all parties from anywhere.
Status Tracking: Monitor the status of every contract at a glance, from changes made and when another party has signed.
Centralized Storage: All your documents are securely stored in one digital location, accessible anytime, anywhere.

By incorporating NDAs into your workflow, you ensure your ideas and confidential information are protected. This creates an atmosphere for collaboration and helps your business grow with confidence!

Non-Disclosure Agreement Template