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1. Protect sensitive information: The party who signs an NDA makes a legal promise not to share information that is marked confidential to unauthorized persons. Any failure to keep this promise can be prosecuted like any other breach of contract.
Set the date of the agreement. Describe the two parties, sometimes called the Disclosing Party and the Receiving Party.7feff Include names and identification, so there can be no misunderstanding about who signed the agreement.
Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.
Identify each party in the first section of the form. The NDA form will start by declaring it to be an agreement and identifying who the agreement is between. Whoever is disclosing the information to be protected is the "disclosing party"; write his or her name on this space.
2. Clearly label all confidential information as confidential. This means writing confidential on documents or any folder you keep them in. If you are sending an email, make sure the title clearly identifies it as confidential.
No, it is not necessary for the nondisclosure agreement to be "notarized", nor is it necessary under California law for the signatures on such an agreement to be "witnessed".
Depending on the complexity of what you need protected and the number of parties involved, the cost of having an NDA drafted can vary significantly. When you hire a lawyer in the Priori network, drafting an NDA typically costs anywhere from $175-$1,500.
A definition of confidential information. Who is involved. Why the recipient knows the information. Exclusions or limits on confidential information. Receiving party's obligations. Time frame or term. Discloser to the recipient.