Wisconsin Nondisclosure And Noncircumvention Agreement

• Category: Confidentiality and Nondisclosure - Noncircumvention
• State: Multi-State
• Control #: US-001770
• Format: Word; Rich Text

Description

This Non-Disclosure And Non-Circumvention Agreement allows parties, such as a broker and client to limit the disclosure and exchange of proprietary information under the conditions specified in the detailed agreement.

The Wisconsin Nondisclosure and Noncircumvention Agreement is a legally binding document that outlines the terms and conditions for maintaining confidentiality and preventing circumvention of business relationships in the state of Wisconsin. This agreement is commonly used when two or more parties are considering entering into a potential business venture or are engaging in discussions or negotiations related to a confidential or proprietary project. The primary purpose of this agreement is to protect the valuable information and trade secrets shared between the parties involved, preventing unauthorized disclosure or use of such information. It ensures that all parties involved respect and maintain the confidentiality of the disclosed information and refrain from engaging in any activities that may harm the interests or relationships of the disclosing party. Some key elements typically included in the Wisconsin Nondisclosure and Noncircumvention Agreement are: 1. Definition of Confidential Information: This section clearly specifies the types of information considered confidential, including trade secrets, business plans, financial data, customer lists, technical information, or any other proprietary information that is exchanged during the course of the business relationship. 2. Obligations of the Receiving Party: The agreement outlines the responsibilities of the receiving party to safeguard the confidential information. This may include maintaining physical and digital security measures, only sharing the information with authorized individuals within their organization, and refraining from using the information for any purpose other than the intended business relationship. 3. Non-Disclosure Clause: This clause explicitly states that the receiving party will not disclose or reveal the confidential information to any third party without the prior written consent of the disclosing party. It may also specify certain exceptions where disclosure may be allowed, such as legal requirements or if the information becomes publicly available without any fault of the receiving party. 4. Non-Circumvention Clause: This clause prohibits the receiving party from directly or indirectly attempting to approach, contact, or engage with the disclosing party's clients, customers, suppliers, or any other business relationship covered by the agreement, for the purpose of conducting business without the disclosing party's consent. This clause seeks to prevent any attempts to bypass the disclosing party and form direct relationships. 5. Term and Termination: The agreement specifies the duration of the non-disclosure and non-circumvention obligations. It may also include provisions for early termination, such as mutual agreement or breach of the agreement, and outline the consequences of such terminations. It's important to note that there may be variations or different types of Wisconsin Nondisclosure and Noncircumvention Agreements depending on the specific needs and requirements of the parties involved. These variations can be tailored according to the nature of the confidential information, the scope of the business relationship, or any other factors deemed necessary by the parties. Additionally, parties may also choose to include additional clauses or provisions to suit their particular circumstances.