A Non-Circumvention, Non-Disclosure and Confidentiality Agreement (NCAA) is a legal contract between two or more parties that outlines the terms of confidentiality, non-disclosure and non-circumvention. This agreement is typically used when parties are engaging in a business relationship that involves confidential information that must be protected. The purpose of an NCAA is to ensure that any confidential information that is exchanged between the parties is safeguarded and that neither party attempts to circumvent the other in order to gain an unfair advantage. This agreement is also used to protect the parties from any potential legal action resulting from the disclosure of confidential information. There are two main types of NCAA: bilateral NCAA and unilateral NCAA. A bilateral NCAA is an agreement between two parties where each party is bound by the same terms and conditions. A unilateral NCAA is an agreement between two parties where only one party is bound by the terms and conditions. In both types of NCAA, the parties agree to keep the confidential information exchanged between them private and not to use it for their own gain or to share it with any other parties. The parties also agree to not attempt to circumvent each other by engaging in any activities to gain an unfair competitive advantage. Finally, any confidential information exchanged must not be disclosed to any third parties without the express written consent of the parties involved.
Non-Circumvention, Non-Disclosure and Confidentiality Agreement
Description Non Circumvention Agreement
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FAQ
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
NDA vs confidentiality agreement: What is the difference? A confidentiality agreement binds all parties to keep secret information confidential, while an NDA upholds secrecy by creating a confidential relationship between the parties who sign it.
circumvention agreement ensures that the intermediaries who brought the buyer and seller together are not excluded from future negotiations, whilst a nondisclosure agreement is a contract by which a party receiving information from another party agrees to keep such information confidential.
Here are the two types of NDAs to choose from: Unilateral (NDA) Unilateral nondisclosure agreements are the most common NDAs available.Mutual (MNDA) Mutual nondisclosure agreements (MNDA), also known as bilateral agreements, are used when two parties disclose confidential information to each other.
The Company hereby agrees not to circumvent, avoid, bypass, or obviate, directly or indirectly, the intent of this Agreement through any transaction, transfer, pledge, agreement, recapitalization, loan, lease, assignment, or otherwise.
And while NDAs are known by many names ? including confidentiality agreements (CAs), confidential disclosure agreements (CDAs), and proprietary information agreements (PIAs) ? they typically have one very important thing in common: once an individual signs an NDA, they cannot discuss any information protected by the
The non-circumvention clause blocks the recipient of the confidential information from passing over the disclosing party and contracting directly with the disclosing party's suppliers or clients, once the recipient has learnt their names, thereby damaging the disclosing party.
There are three types of NDAs: unilateral, bilateral, and multilateral.