This form brings together several boilerplate contract clauses that work together to establish a confidentiality obligation from the parties and outline what that confidentiality agreement will apply to under the terms contract agreement. Also incorporated are clauses regarding indemnity in the event of unauthorized disclosures of confidential information.
Oklahoma Confidentiality - Long-Form Provision
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In the legal realm, confidentiality refers to ?the relation between lawyer and client which guarantees any information shared by the client is treated as private and as such cannot be divulged to third parties without the client's consent." This is known as the attorney-client privilege.
Employee agrees that he/she will never use any Confidential Information for his/her own benefit or for the benefit of any person or entity other than the Company, and will not permit or allow any Confidential Information to be used in competition with the Company.
Except as expressly provided in this Agreement, the Party receiving Confidential Information (?Receiving Party?) shall not use the Confidential Information in any manner or disclose the Confidential Information to any third party without prior written consent of the Party making the disclosure (?Disclosing Party?).
Each party shall keep such information confidential and cannot disclose any related information without the other party's prior written consent, but the following information shall not subject to such confidentiality: (a)information that is or will be generally known to the public (provided that such information does ...
Each of the Parties will treat and hold as such all of the Confidential Information of the other Parties, refrain from using any of the Confidential Information except in connection with this Agreement, and unless there is a closing on the Exchange, deliver promptly to the owner of such Confidential Information or ...
Simply put, a confidentiality clause is a legally binding agreement that places an obligation on one or both parties to keep specified information confidential.