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Oregon Confidentiality Agreement (Between Parties Contemplating a Transaction)

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Multi-State
Control #:
US-OG-958
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This form is a confidentiality agreement between parties contemplating a transaction.

The Oregon Confidentiality Agreement (Between Parties Contemplating a Transaction) is a legally binding document designed to protect confidential and sensitive information shared between parties during the course of a business transaction in Oregon. This agreement ensures that both parties understand their obligations and responsibilities regarding the disclosure, use, and protection of the information shared. Keywords: Oregon, Confidentiality Agreement, Parties Contemplating a Transaction, agreement, confidential information, sensitive information, disclosure, use, protection, obligations, responsibilities. 1. Types of Oregon Confidentiality Agreements: a) Mutual Confidentiality Agreement: This type of agreement is entered into by two parties involved in a business transaction, where both parties share and receive confidential information. It establishes a mutual obligation to maintain confidentiality for the protection of shared information. b) One-Way Confidentiality Agreement: In situations where only one party discloses sensitive information, this agreement is used. It emphasizes the obligation of the receiving party to keep the disclosed information confidential. c) Trade Secrets Confidentiality Agreement: This specific type of agreement focuses on protecting trade secrets. It involves stricter provisions and safeguards against unauthorized disclosure or use of proprietary information. d) Non-Disclosure Agreement (NDA): An NDA is another commonly used term to refer to a confidentiality agreement. It encompasses broader confidentiality protections beyond the scope of business transactions. e) Employment Confidentiality Agreement: This agreement is specifically tailored for employee-employer relationships to safeguard proprietary, sensitive, or classified information. It outlines the employee's obligations to maintain confidentiality both during employment and after termination. Description: The Oregon Confidentiality Agreement (Between Parties Contemplating a Transaction) is a crucial legal document that safeguards sensitive information exchanged between parties involved in business dealings in the state of Oregon. This agreement ensures the protection of confidential trade secrets, proprietary information, intellectual property, business plans, customer lists, financial data, technical knowledge, and any other classified information shared between the parties. By signing this agreement, both parties acknowledge their responsibility to keep any received information strictly confidential. They agree not to disclose, disseminate, or use the confidential information for any purpose other than for evaluating, negotiating, or fulfilling the contemplated transaction. The agreement requires parties to exercise reasonable care in safeguarding the shared information, using the same degree of care they employ for their own confidential information. The Oregon Confidentiality Agreement includes provisions for non-disclosure, non-use, return or destruction of information, non-circumvention, and remedies for breach of the agreement. It stipulates the duration of the confidentiality obligation, specifying the period during which the information should be treated as confidential, often extending beyond the termination of the contemplated transaction. It is essential to consult legal professionals to draft customized confidentiality agreements based on specific circumstances. The agreements should be clear, comprehensive, and tailored to reflect the unique needs and requirements of the parties involved in the transaction, while adhering to Oregon State laws and regulations. In conclusion, the Oregon Confidentiality Agreement (Between Parties Contemplating a Transaction) is a critical document that protects sensitive and confidential information shared during business transactions in Oregon. It ensures that both parties are bound by strict confidentiality obligations and provides mechanisms to address any breaches of confidentiality.

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FAQ

Expansion to Oregon's Workplace Fairness Act Effective January 1, 2023, additional restrictions on settlement and severance agreements include language that prevents a non-disparagement provision as related to sexual assault or harassment claims.

Disclosure Agreement (NDA), also sometimes referred to as a confidential disclosure agreement (CDA) or a proprietary information agreement (PIA), is a legal contract between at least two parties which outlines confidential materials or knowledge the parties wish to share with one another for certain purposes, but ...

Disclosure Agreement (NDA), also sometimes referred to as a confidential disclosure agreement (CDA) or a proprietary information agreement (PIA), is a legal contract between at least two parties which outlines confidential materials or knowledge the parties wish to share with one another for certain purposes, but ...

Similar to its neighbor to the north, Oregon enacted a statute in March 2022 that imposes prohibitions on employee non-disclosure agreements. The Oregon law, which becomes effective in January 2023, prohibits employers from requesting confidentiality about both the amount and fact of any settlement.

Whereas NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data, confidentiality agreements are typically devised in employment or personal situations to protect sensitive information.

Some of the exception clauses are: ? Information that is in the public domain. ? Information that the disclosing party disclosed before signing the agreement. ? Information received by the ?receiving party? from a third party, wherein the third party was not obliged to keep the information confidential.

It is illegal for employers to require workers to enter into a nondisclosure agreement that would stop you from disclosing or discussing discriminatory conduct prohibited by ORS 659A. 030, 659A. 082, and 659A.

Oregon law protects you from discrimination based on race, color, religion, sex, sexual orientation, national origin, marital status, age if the individual is 18 years of age or older, individual's juvenile record that has been expunged pursuant to ORS 419A. 260 and 419A.

A Confidential Disclosure Agreement [(CDA), also referred to as non-disclosure agreement (NDA) or secrecy agreement, is a legal agreement between a minimum of two parties which outlines information the parties wish to share with one another for certain evaluation purposes, but wish to restrict from wider use and ...

NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information and a person who will gain access to that information.

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Entire Agreement. This Agreement is the entire, final and complete. Agreement and understanding of the parties with respect to the transactions contemplated. Aug 9, 2023 — Describe the context for the parties' agreement, referencing any related transactional documents. Define the specific information to remain ...No Obligation to Complete—The agreement should not create an obligation for either party to complete the transaction and should explicitly disclaim such duty. This Contract and attached Exhibits constitute the entire agreement between the parties on the subject matter hereof. There are no understandings ... This Agreement constitutes the complete agreement between the parties hereto with respect to the subject matter hereof and shall continue in full force and ... RULE 1.0 TERMINOLOGY. (a) "Belief" or "believes" denotes that the person involved actually supposes the fact in question to be true. A person's belief may ... This confidentiality agreement is entered into to facilitate the evaluation of a possible business transaction involving the Buyer and the Seller. This Agreement is provided by the undersigned, including its owners, officers, directors, partners, employees, agents and representatives (collectively, the ... Jul 28, 2022 — It is a contract through which the parties agree not to disclose information covered by the agreement." In Oregon, non-disclosure agreements ... Sep 20, 2023 — Contracts under the Oregon Consumer Privacy Act must clearly set forth instructions for processing personal data, the nature and purpose of ...

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Oregon Confidentiality Agreement (Between Parties Contemplating a Transaction)