Confidentiality Agreement With Data Protection Provisions
Description
How to fill out Customer Confidentiality Agreement?
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FAQ
An agreement in which a hostile bidder agrees to limit its holdings in a target company. A standstill agreement stops the takeover bid from progressing for a period of time.
Describe what the other party is agreeing to. The agreement might include: Exercising reasonable precautions against disclosure of the information. Not disclosing Confidential Information without the written consent of the Disclosing Party.
The new documents are: Confidentiality agreement (mutual) with data protection provisions for use where each party is disclosing confidential information to the other, including personal data. The rights and obligations of both parties are mutual in an attempt to create a balanced view.
Confidential Information also includes any notes, analyses, compilations, studies or other material or documents prepared by the recipient party which contain, reflect or are based, in whole or in part, on the Confidential Information.
Information that may require NDAs includes secret recipes, proprietary formulas, and manufacturing processes. Protected information also typically includes client or sales contacts lists, non-public accounting figures, or any specific item that sets one company apart from another.