The Kings New York Nondisclosure and Noncircumvention Agreement (also known as the Kings NY NDA) is a legally binding contract that establishes the terms and conditions under which confidential information is shared between parties involved in a business transaction. This agreement is commonly used in New York State and ensures that sensitive information, trade secrets, and intellectual property remain protected throughout the duration of the agreement. The Kings NY NDA aims to safeguard the proprietary information and trade secrets of the disclosing party and prevents the receiving party from disclosing or using this information for unauthorized purposes. It is often employed when parties are considering a potential business partnership, joint venture, or any other mutually beneficial collaboration. Key aspects covered in the Kings NY NDA include: 1. Confidential Information: This section defines the scope of confidential information that is subject to protection under the agreement. It often includes financial data, customer lists, product specifications, marketing strategies, business plans, or any other sensitive information that would reasonably qualify as confidential. 2. Non-Disclosure Obligations: The agreement establishes the obligations of the receiving party to maintain the confidentiality of the disclosed information. It prohibits them from sharing or disclosing the confidential information to any third party without the prior written consent of the disclosing party. 3. Non-Use Obligations: This clause ensures that the receiving party will not use the confidential information in any way that may harm or compete with the disclosing party. It prohibits the receiving party from using the information for personal gain or circumventing the disclosing party in subsequent business dealings. 4. Exclusions: Some NDAs may include provisions that exempt certain information from being considered confidential or limit the duration of confidentiality obligations. These exclusions need to be clearly outlined in the agreement. 5. Non-Circumvention Clause: This clause prevents the receiving party from bypassing the disclosing party and engaging in direct business with the other party's contacts, clients, or associates introduced during the course of the agreement. It prohibits the receiving party from undercutting or interfering with any potential business opportunities that arise from the disclosed information. It is important to note that variations of the Kings New York Nondisclosure and Noncircumvention Agreement may exist depending on specific circumstances or industries. For instance, there may be specific agreements tailored for technology companies, mergers and acquisitions, real estate ventures, or independent contractors. These variations will include additional clauses or considerations relevant to the respective industries.
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.