US Legal Forms
Customer Confidentiality Agreement

Customer Confidentiality Agreement

Name: Customer Confidentiality Agreement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.72 (437 reviews)

Category:

Technology - Trade Secrets Protection

State:

Multi-State

Control #:

US-CP0609AM

Format:

Instant download

Description

Confidentiality agreements, also known as nondisclosure agreements, ensure that proprietary information disclosed by one party will be kept secret by another party. Such agreements are often the only method to ensure that companies keep trade secrets, allowing both parties to acknowledge that a duty of confidentiality exists, defining the scope of the duty and spelling out the possible remedies or sanctions associated with the breach of the duty.

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FAQ

Employers must be prepared to terminate any employee who refuses to sign the agreement. If an employer allows even one employee to refuse and remain employed, the agreements signed by the other employees will not be legally binding.

If an NDA lists extreme punishments for breaking the confidentiality agreement, you shouldn't sign it. A common consequence for breach of contract under an NDA is termination of employment. Be aware of what is considered a breach of contract.

Here's some breach of confidentiality examples you could find yourself facing: Saving sensitive information on an unsecure computer that leaves the data accessible to others. Sharing employees' personal data, like payroll details, bank details, home addresses and medical records.

Confidentiality agreements usually allow the recipient to disclose confidential information if required to do so by court order or other legal process.

"There are several key pieces of information that should be included in NDAs, or non-disclosure agreements. The most important items include customer lists, financial and profit margin information, product breakdowns, bestselling segments and sales scripting and messaging."

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.

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.

Simply defined, a confidentiality statement for documents is a legally binding document stating that two parties won't profit from or share confidential information.

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.

Customer Confidentiality Agreement

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