Confidentiality Agreement
Confidentiality Agreement
This Non-Disclosure Agreement (the “Agreement”) is entered into as of October 5, 2050, by and between [Your Name], with its principal place of business at 1234 Elm Street, Springfield, IL 62701 (the “Disclosing Party”), and Michael Thompson, with its principal place of business at 5678 Oak Avenue, Chicago, IL 60614 (the “Receiving Party”).
1. DEFINITION OF CONFIDENTIAL INFORMATION
For purposes of this Agreement, "Confidential Information" means any data or information that is proprietary to the Disclosing Party and not generally known to the public, whether in tangible or intangible form, whenever and however disclosed. This includes but is not limited to, any proprietary information, business strategies, operational methods, trade secrets, and intellectual property.
2. OBLIGATIONS OF THE RECEIVING PARTY
The Receiving Party shall hold the Confidential Information in strictest confidence and shall not disclose it to any third party. The Receiving Party shall use it solely to fulfill their obligations as per this Agreement. The Receiving Party shall restrict access to the Confidential Information to those employees, consultants, and agents who require it to accomplish the intended purpose of this Agreement, ensuring such individuals are aware of the Receiving Party’s obligations under this Agreement.
3. NONUSE AND NONDISCLOSURE
The Receiving Party agrees to not use any Confidential Information of the Disclosing Party for its use or for any purpose except to carry out the discussions concerning and undertaking this Agreement. The Receiving Party also agrees not to disclose or disseminate the Confidential Information to any third parties and to take all reasonable measures to protect the secrecy of the Confidential Information.
4. LEGAL RECOURSE
If the Receiving Party discloses or uses Confidential Information in violation of this Agreement, the Disclosing Party, aside from the right to seek remedies under the law for breach of contract, shall have the right to seek an injunction, specific performance, or other equitable relief to prevent the breach of the obligations under this Agreement.
5. TERM
This Agreement and Receiving Party’s duty to hold Confidential Information in confidence shall remain in effect until October 5, 2055, or until the Disclosing Party sends the Receiving Party written notice releasing them from this Agreement, whichever occurs first.
IN WITNESS WHEREOF, the parties hereto have executed this Non-Disclosure Agreement as of the October 5, 2050.
DISCLOSING PARTY:
[Your Name]
[Your Company Name]
RECEIVING PARTY:
Michael Thompson
Tech Forward LLC
