Free Confidentiality Agreement HR Template
Confidentiality Agreement
This Confidentiality Agreement (the "Agreement") is entered into on this day of , 2050 (the "Effective Date") by and between [Your Name], hereinafter referred to as the "Disclosing Party," and [Company Name], a corporation registered under the laws of [State/Country], with its principal place of business at [Address], hereinafter referred to as the "Receiving Party. "(collectively referred to as the "Parties").
WHEREAS, the Parties have entered into discussions, negotiations, or business transactions (the "Purpose") that may require the exchange of confidential information;
WHEREAS, the Disclosing Party possesses certain confidential and proprietary information that is valuable to its business, and the Receiving Party acknowledges that the protection of such information is essential;
WHEREAS, the Parties desire to protect the confidentiality of the information exchanged during their discussions and to establish the terms and conditions governing the use, disclosure, and protection of such information;
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the Parties agree as follows:
Purpose
The Parties intend to engage in discussions, negotiations, or business transactions (the "Purpose") that may involve the exchange of confidential information. This Agreement is intended to protect the confidential information disclosed by the Disclosing Party to the Receiving Party.
Definition of Confidential Information
"Confidential Information" shall mean any non-public information, data, documents, records, or materials, in any form, including but not limited to written, oral, electronic, or visual, that is provided by the Disclosing Party to the Receiving Party in connection with the purpose and is marked as "Confidential" or identified as such in writing at the time of disclosure. Confidential Information may include, but is not limited to, trade secrets, business plans, financial information, product designs, marketing strategies, and any other proprietary or sensitive information.
Obligations of the Receiving Party
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Confidentiality: The Receiving Party agrees to maintain the confidentiality of all Confidential Information received from the Disclosing Party and to use such Confidential Information solely for the Purpose outlined in this Agreement. The Receiving Party shall ensure that its employees, agents, consultants, or any third parties engaged in discussions or negotiations related to the Purpose are made aware of and bound by the terms of this Agreement.
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Protection: The Receiving Party shall take reasonable measures to protect the Confidential Information from unauthorized access, use, or disclosure. This includes, but is not limited to, implementing appropriate physical, technical, and organizational security measures. Such measures may include password protection, encryption, secure storage, and controlled access to physical documents or materials containing Confidential Information.
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Non-Disclosure: The Receiving Party shall not disclose, directly or indirectly, any Confidential Information to any third party without the prior written consent of the Disclosing Party, except as required by applicable law or with the express written consent of the Disclosing Party. If the Receiving Party is required by law to disclose any Confidential Information, it shall promptly notify the Disclosing Party to allow the Disclosing Party an opportunity to seek a protective order or other appropriate remedies.
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Use Limitations: The Receiving Party shall only use the Confidential Information for the Purpose outlined in this Agreement. Any other use, including but not limited to using the Confidential Information for the Receiving Party's benefit or the benefit of third parties, is strictly prohibited unless otherwise agreed upon in writing by both Parties.
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No Copying or Reproduction: The Receiving Party shall not make copies or reproductions of any Confidential Information unless necessary for the Purpose and with the prior written consent of the Disclosing Party. Any copies or reproductions made shall be considered Confidential Information under the terms of this Agreement.
Duration of Confidentiality
The obligations of confidentiality under this Agreement shall continue for a period of [Number of Years] years from the Effective Date unless otherwise terminated by written agreement of the Parties or until the Confidential Information becomes publicly available through no fault of the Receiving Party. Upon the expiration of this Agreement, the Receiving Party's obligations of confidentiality shall remain in effect concerning any Confidential Information that was disclosed during the term of this Agreement for an additional [number of years] years.
Remedies
Injunctive Relief: In the event of a breach or threatened breach of this Agreement, the Disclosing Party shall be entitled to seek injunctive relief to enforce the terms of this Agreement, in addition to any other remedies available at law or in equity. This means that if the Receiving Party violates the terms of this Agreement by disclosing or misusing the Confidential Information, the Disclosing Party can go to court to obtain a court order (an injunction) to stop the Receiving Party from continuing the breach. This is in addition to any other legal remedies that the Disclosing Party may pursue.
Damages: The Receiving Party acknowledges that any breach of this Agreement may cause irreparable harm to the Disclosing Party, and the Receiving Party agrees to pay any damages, including but not limited to attorney's fees, incurred by the Disclosing Party as a result of such breach. In addition to injunctive relief, if the Receiving Party breaches this Agreement, they may be required to compensate the Disclosing Party for any financial losses incurred as a result of the breach. This includes covering legal costs, attorney's fees, and any other damages suffered by the Disclosing Party due to the breach.
Miscellaneous
Entire Agreement: This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties. This clause emphasizes that the Agreement contains the entire agreement between the Parties and that it replaces any prior or simultaneous agreements, understandings, promises, or representations related to the subject matter of this Agreement. This ensures that there are no prior oral or written agreements that could contradict or modify the terms of this Agreement.
Entire Agreement: This Agreement constitutes the entire agreement between the Parties for the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties. This clause emphasizes that the Agreement contains the entire agreement between the Parties and that it replaces any prior or simultaneous agreements, understandings, promises, or representations related to the subject matter of this Agreement. This ensures that there are no prior oral or written agreements that could contradict or modify the terms of this Agreement.
Governing Law: This Agreement shall be governed by and construed by the laws of the state of [State] without regard to its conflict of laws principles. This section specifies the governing law that will apply in case of disputes or legal matters related to this Agreement. In this case, it mentions that the laws of the state of [State] will be used to interpret and enforce the Agreement, regardless of any conflicts of law principles that might otherwise apply.
IN WITNESS WHEREOF, the Parties hereto have executed this Confidentiality Agreement as of the Effective Date.
Disclosing Party:
[Your Name]
[Your Title]
[Your Company Name]
Receiving Party:
[Company Name]
[Company Representative's Name]
[Company Representative's Title]
