South Dakota Customer Confidentiality Agreement
Description
How to fill out Customer Confidentiality Agreement?
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FAQ
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.
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.
A confidentiality clause binds parties to nondisclosure of proprietary or confidential information within the larger confines of a contract or agreement. Its scope is generally limited in time and type of information.
I agree that I owe the Company and such third parties, during the term of my employment and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation (except as necessary in carrying out my work for the Company ...
Example: Confidentiality Clause None of the parties shall disclose to any person or use for any purpose any confidential information of the other as a result of entering into this Agreement. This restriction shall continue to apply after the expiration or termination of this agreement without limit of time.
Except as expressly provided in this Agreement, the Party receiving Confidential Information (?Receiving Party?) shall not use the Confidential Information in any manner or disclose the Confidential Information to any third party without prior written consent of the Party making the disclosure (?Disclosing Party?).
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.
The receiving party reasonably understands its confidential nature and any circumstances that would call for disclosure of said information. For example, confidential information may include financial projections, business forecasts, customer lists, employee information, sales, patents, and trade secrets.
