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Confidentiality Agreement Between Consultant and Owner of Lease

South Dakota Confidentiality Agreement Between Consultant and Owner of Lease

Name: South Dakota 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.

How to fill out South Dakota Confidentiality Agreement Between Consultant And Owner Of Lease?

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FAQ

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.

The agreement should identify the purpose to which the recipient can put the confidential information. All other uses of the confidential information should be prohibited. Sometimes a confidentiality agreement states that no rights are licensed by the confidentiality agreement. This is stating the obvious.

Detailed five essential elements that every confidentiality agreement should include. 1) What information is considered confidential? ... 2) Exceptions to confidentiality. ... 3) Obligations/Requirements of signees. ... 4) Consequences of breaking the confidentiality agreement. ... 5) Length of the agreement.

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.

Contents Parties to the agreement. Identification of what information is confidential. Time frame of the agreement. Return of the information. Obligations of the recipient. Remedies for breaches of agreement. Other clauses.

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.

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.

South Dakota Confidentiality Agreement Between Consultant and Owner of Lease

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