Virginia Confidentiality Agreements Package

State:
Multi-State
Control #:
US-P079-PKG
Format:
Word; 
Rich Text
Instant download

Description

The forms contained in this package are for use by companies and contractors, consultants, or investors. The purpose of these forms is to provide confidentiality obligations on parties receiving information from disclosing parties who consider such information or material to be confidential.



1. Non-disclosure and Confidentiality Agreement by Employee or Consultant to Owner

2. Confidentiality Agreement

3. Confidentiality Agreement between Companies

4. Non-disclosure Agreement

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FAQ

Starting at $1,500.00 for basic Non Disclosure Agreement. More complex matters may range from $5,000.00-$10,000.00. An NDA is a contract by which one or more parties agree not to disclose confidential information that they have shared with each other as a necessary part of doing business together.

It is possible to void an NDA if the party signing it had access to the information before formally becoming a signatory. One of the most compelling instances in which an NDA is revocable or ?null and void? is when a court order is imposed or a government regulation requires its disclosure.

As of the enactment's July 1, 2023, effective date, employment agreement confidentiality, non-disclosure, and non-disparagement clauses that relate to sexual harassment are void and unenforceable. Employers, however, may continue to include those clauses in severance and post-termination settlement agreements.

To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.

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.

Does a Mutual NDA need to be notarized or witnessed? Neither witnesses nor notarization are legally required for your Mutual NDA.

Confidential information is the heart of any confidentiality agreement. For the agreement to adequately protect against unwanted disclosure, the parties must clearly describe the information or types of information they wish to protect and the scope of each party's non-disclosure obligation.

An NDA does not necessarily need to be witnessed, but it is recommended to have a witness present during the signing of the agreement to further strengthen the validity and enforceability of the contract.

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Virginia Confidentiality Agreements Package