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Confidentiality Agreement Between Consultant and Owner of Lease

New Mexico Confidentiality Agreement Between Consultant and Owner of Lease

Name: New Mexico Confidentiality Agreement Between Consultant and Owner of Lease
Brand: US Legal Forms
Rating: 4.74 (446 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

Control #:

US-OG-195

Format:

Instant download

Description

This form is used when the owner of an oil and gas lease, hires a Consultant to evaluate the leases for sale to a third party. It is the purpose of this Agreement to guarantee that the Proprietary Information furnished by Owner to Consultant shall remain confidential.

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How to fill out New Mexico Confidentiality Agreement Between Consultant And Owner Of Lease?

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FAQ

Five other key features must be included in your NDA to ensure it's legally binding, including a description of confidential information, obligations of the parties involved, any exclusions, the term of the agreement and consequences of a breach.

You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.

Consultants often work with sensitive information, such as trade secrets, financial information, and client lists. Unsurprisingly, consultants are typically required to sign non-disclosure agreements (NDAs) that prevent them from disclosing confidential 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.

The agreement will name the party or parties involved, the items subject to non-disclosure, the duration of the agreement and the obligations of the recipient(s) of confidential information.

If you have signed an NDA and violated it by disclosing confidential information illegally, you can be subject to lawsuits from the other party to the NDA as you have breached the contract. You may also be sued for intellectual property violations such as copyright infringement and breach of fiduciary duty.

It is possible to void an NDA if the party signing it had access to the information before formally becoming a signatory. One of the most compelling instances in which an NDA is revocable or ?null and void? is when a court order is imposed or a government regulation requires its disclosure.

New Mexico Confidentiality Agreement Between Consultant and Owner of Lease

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How do you make a confidentiality agreement legally binding?

Can you make your own confidentiality agreement?

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