Oregon Confidentiality and Nondisclosure Agreement - Evaluation Materials

• Category: Confidentiality and Nondisclosure - Evaluations Materials
• State: Multi-State
• Control #: US-00457
• Format: Word; Rich Text

Description

A company and a contractor are negotiating a possible transaction. The contractor has requested information concerning the business of the company. As a condition of the contractor being furnished with the requested information, the contractor agrees to treat such information as being confidential and the information will be used solely for the purpose of evaluating the tentative transaction between the parties. The Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials is a legal document that provides protection and confidentiality for certain proprietary information disclosed by one party (the disclosing party) to another party (the receiving party) in the state of Oregon. This agreement is commonly used in various business transactions, such as mergers and acquisitions, joint ventures, or when a company is considering licensing or investing in a product or technology. The purpose of this agreement is to ensure that any sensitive information shared during the evaluation process remains confidential and does not get disclosed or misused by the receiving party or any representatives involved. It sets forth the terms and conditions under which the evaluation materials can be accessed, used, and protected. Key elements of the Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials typically include: 1. Definitions: This section provides clear definitions for important terms used throughout the agreement, such as "evaluation materials," "confidential information," "disclosing party," and "receiving party." 2. Purpose: The agreement should specify the purpose of sharing the evaluation materials, describing why the disclosing party is providing access to such information. 3. Confidentiality Obligations: This section outlines the obligations of the receiving party to maintain the confidentiality of the evaluation materials. It typically includes a statement that the receiving party will use the materials solely for the agreed-upon purpose and will not disclose it to any third parties without the prior written consent of the disclosing party. 4. Exclusions: Certain information may already be publicly available or independently known by the receiving party. This section clarifies that such information is not subject to the confidentiality obligations outlined in the agreement. 5. Non-Use and Non-Disclosure: The receiving party agrees not to use the evaluation materials for any purpose other than the specified evaluation and not to disclose it to any unauthorized individuals or entities. 6. Return or Destruction of Materials: Once the evaluation process is complete, the receiving party must return or destroy all evaluation materials, as per the disclosing party's instructions. 7. Non-Solicitation: In some cases, this agreement may include provisions preventing the receiving party from soliciting the disclosing party's employees, customers, or suppliers. Different types or variations of the Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials may exist, depending on the specific context or industry in which it is used. Some examples include technology evaluation materials, financial evaluation materials, or intellectual property evaluation materials. Overall, this agreement is crucial to protect the intellectual property, trade secrets, and sensitive information of businesses during the evaluation phase of a potential business transaction, helping to maintain the competitive advantage and preserve the confidentiality of proprietary information.

The Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials is a legal document that provides protection and confidentiality for certain proprietary information disclosed by one party (the disclosing party) to another party (the receiving party) in the state of Oregon. This agreement is commonly used in various business transactions, such as mergers and acquisitions, joint ventures, or when a company is considering licensing or investing in a product or technology. The purpose of this agreement is to ensure that any sensitive information shared during the evaluation process remains confidential and does not get disclosed or misused by the receiving party or any representatives involved. It sets forth the terms and conditions under which the evaluation materials can be accessed, used, and protected. Key elements of the Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials typically include: 1. Definitions: This section provides clear definitions for important terms used throughout the agreement, such as "evaluation materials," "confidential information," "disclosing party," and "receiving party." 2. Purpose: The agreement should specify the purpose of sharing the evaluation materials, describing why the disclosing party is providing access to such information. 3. Confidentiality Obligations: This section outlines the obligations of the receiving party to maintain the confidentiality of the evaluation materials. It typically includes a statement that the receiving party will use the materials solely for the agreed-upon purpose and will not disclose it to any third parties without the prior written consent of the disclosing party. 4. Exclusions: Certain information may already be publicly available or independently known by the receiving party. This section clarifies that such information is not subject to the confidentiality obligations outlined in the agreement. 5. Non-Use and Non-Disclosure: The receiving party agrees not to use the evaluation materials for any purpose other than the specified evaluation and not to disclose it to any unauthorized individuals or entities. 6. Return or Destruction of Materials: Once the evaluation process is complete, the receiving party must return or destroy all evaluation materials, as per the disclosing party's instructions. 7. Non-Solicitation: In some cases, this agreement may include provisions preventing the receiving party from soliciting the disclosing party's employees, customers, or suppliers. Different types or variations of the Oregon Confidentiality and Nondisclosure Agreement — Evaluation Materials may exist, depending on the specific context or industry in which it is used. Some examples include technology evaluation materials, financial evaluation materials, or intellectual property evaluation materials. Overall, this agreement is crucial to protect the intellectual property, trade secrets, and sensitive information of businesses during the evaluation phase of a potential business transaction, helping to maintain the competitive advantage and preserve the confidentiality of proprietary information.