The Washington Information Technology Third-Party Non-Disclosure Agreement is a legally binding contract that governs the confidential information shared between parties involved in the field of information technology in Washington State. It is designed to protect sensitive information, trade secrets, proprietary data, and other valuable intellectual property from being disclosed or misused by third parties. This agreement ensures that any party engaged in a business relationship or transaction involving information technology maintains the confidentiality of shared information. By signing the non-disclosure agreement, the parties involved commit themselves to safeguarding the confidentiality of the shared information and using it solely for the purposes agreed upon. The Washington Information Technology Third-Party Non-Disclosure Agreement typically includes the following key elements: 1. Definition of Confidential Information: This section clearly outlines what constitutes confidential information under the agreement. It may include trade secrets, financial information, technical documentation, customer lists, software code, marketing strategies, and any other proprietary data. 2. Obligations of the Receiving Party: The agreement sets forth the responsibilities of the receiving party (often referred to as the "recipient") to maintain the confidentiality of the disclosed information. This includes using reasonable measures to prevent unauthorized disclosure or access, restricting access to authorized personnel only, and taking proper steps to protect the information from theft, loss, or unauthorized use. 3. Permissible Uses of Confidential Information: The agreement specifies the permitted uses of the confidential information and any limitations or restrictions on its utilization. Generally, the receiving party is only allowed to use the information for the purposes outlined in the agreement and must obtain written consent from the disclosing party for any other use. 4. Non-Disclosure and Non-Competition Clauses: These clauses ensure that the receiving party does not disclose or share the confidential information with any unauthorized individuals or entities. Additionally, it may impose restrictions on the receiving party's ability to compete with the disclosing party or engage in similar business practices that could harm the disclosing party's interests. 5. Term and Termination: The agreement specifies the duration of the non-disclosure obligations and the circumstances under which the agreement can be terminated. It may outline requirements for returning or destroying confidential information after termination. Different types of Washington Information Technology Third-Party Non-Disclosure Agreements may exist based on the specific parties involved or the nature of the shared information. For example, there may be separate agreements tailored for software development partnerships, data sharing agreements, or IT service provider relationships. These agreements may vary in their scope, duration, and specific provisions to account for the unique aspects of the business relationship or transaction.