Highlight In Legal Virginia Confidentiality Agreement Forms For Free

As mentioned earlier, if you were to sign the NDA as an individual (ie. operating as a sole proprietor), you'll be personally liable for any potential lawsuits that arise from the agreement being breached.

To create a Non-Disclosure Agreement, include the following information: The parties' names and contact information. The length of the non-disclosure period. The scope and definition of the confidential information. The obligations of the Non-Disclosure Agreement. The ownership and return information.

A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.

To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.

The agreement should identify the purpose to which the recipient can put the confidential information. All other uses of the confidential information should be prohibited. Sometimes a confidentiality agreement states that no rights are licensed by the confidentiality agreement.

Starting at $1,500.00 for basic Non Disclosure Agreement. More complex matters may range from $5,000.00-$10,000.00. An NDA is a contract by which one or more parties agree not to disclose confidential information that they have shared with each other as a necessary part of doing business together.