This form provides boilerplate contract clauses that establish a confidentiality obligation from the parties and outline what that confidentiality agreement will apply to under the terms contract agreement. Several different language options are provided to suit individual needs and circumstances, including permitted uses and unauthorized disclosures of confidential information.
Virgin Islands Negotiating and Drafting Confidentiality Provisions
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FAQ
A typical confidentiality clause might say, "The phrases and circumstances of this Agreement are completely confidential between the parties and shall not be disclosed to anybody else. Any disclosure in violation shall be deemed a breach of this Agreement."
During contract negotiation, it's essential to keep sensitive information confidential. This includes proprietary business strategies, financial data, trade secrets, and any other information that could provide a competitive advantage to the other party if disclosed.
A confidentiality clause within a business contract can keep confidential information safe by limiting what an employee, contractor, or business partner can say or do with your confidential business information.
I agree that I will not disclose, disseminate, or publicize, or cause or permit to be disclosed, disseminated, or publicized, any of the terms of this Release or the fact that I have entered into this Release, to any person, corporation, association, government agency, or other entity, other than my spouse, legal ...
A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.
The parties hereto shall keep all such information confidential and shall not disclose any of such information to any third party without the prior written consent of the other party, except that: (a)the general public is, or is to be, aware of the information (which is not attributable to disclosure by a receiver of ...
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.
Obligations can include: not using or exploiting the confidential information in any way except for the purpose; not recording the confidential information except as strictly necessary for the purpose; not transmitting it in any form or by any means outside its usual place of business; and not directly or indirectly ...