Puerto Rico Confidentiality and Nondisclosure Agreement — General is a legally binding contract that is commonly utilized to maintain confidentiality and protect sensitive information between two or more parties in Puerto Rico. This agreement ensures that any proprietary or confidential information shared between the parties remains private and secure. The Puerto Rico Confidentiality and Nondisclosure Agreement — General, often referred to as a Non-Disclosure Agreement (NDA), outlines the terms and conditions under which the parties agree to keep information confidential. The agreement typically includes clauses related to the definition of confidential information, the scope of the agreement, obligations of the parties, and the duration of confidentiality. Different types of Puerto Rico Confidentiality and Nondisclosure Agreements — General may include: 1. Employee Nondisclosure Agreement: This type of agreement is used when an employer wants to protect their trade secrets, proprietary information, and other confidential knowledge shared with employees during the course of their employment. 2. Business-to-Business Nondisclosure Agreement: This agreement is utilized when two businesses or organizations collaborate on a project or enter into a partnership and need to exchange confidential information to fulfill their obligations. 3. Vendor/Supplier Nondisclosure Agreement: When a company hires a vendor or supplier to create, produce, or deliver certain goods or services, this agreement ensures that sensitive information related to the project remains confidential. 4. Investor Nondisclosure Agreement: Entrepreneurs or startups seeking investment often use this type of agreement to safeguard their business plans, financial projections, and other confidential information when presenting it to potential investors. Regardless of the type, a Puerto Rico Confidentiality and Nondisclosure Agreement — General acts as a legal safeguard, discouraging the unauthorized disclosure or use of confidential information by either party. It also establishes remedies, such as financial damages, injunctions, or legal action, in case of a breach of the agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.