This is a confidentiality agreement to be used when two law firms merge. This particular agreement is to be used when the two firms are negotiating a merger, and includes clauses that prohibit the hiring of the other firm's partners or emplyees during negotiations. The agreement also states that the negotiations are not exclusive, and each firm is free to negotiate with other firms during the period prescribed in the agreement.
Confidentiality Agreement
Category:
State:
Multi-State
Control #:
US-L08021A
Format:
Word;
PDF;
Rich Text
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FAQ
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.
A confidentiality agreement (also called a nondisclosure agreement or NDA) is a legally binding contract in which a person or business promises to treat specific information as a trade secret and promises not to disclose the secret to others without proper authorization.
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.
Look for broad and vague language: When analyzing an NDA, make sure the definitions of proprietary and confidential information are thoroughly defined. Be skeptical of broad and vague language that opts to unreasonably limit your ability to discuss and divulge information.
It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information.
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.
Obligations under the NDA must be reviewed: It is important to review an NDA if a party is making another party sign one. Scope of the confidential information must be taken into consideration: In every NDA, what constitutes confidential information is always defined.
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".