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Nondisclosure Agreement Regarding Proprietary and Licensed Material

King Washington Nondisclosure Agreement Regarding Proprietary and Licensed Material

Name: King Washington Nondisclosure Agreement Regarding Proprietary and Licensed Material
Brand: US Legal Forms
Rating: 4.83 (264 reviews)

Category:

Confidentiality and Nondisclosure - Trade Secrets

State:

Multi-State

County:

King

Control #:

US-L0512AM

Format:

Instant download

Description

This sample form, a detailed Nondisclosure Agreement Regarding Proprietary And Licensed Material document, is adaptable for use with entertainment, new products, intellectual property/multimedia business and other related areas. Tailor to fit your circumstances. Available in Word format.

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FAQ

NDAs are generally required when two companies enter into discussions about doing business together but want to protect their own interests and the details of any potential deal.

The purpose of a non-disclosure agreement is twofold: confidentiality and protection. Information protected by a confidentiality agreement can include everything from product specs to client rosters. Business models, test results and even embargoed press releases or product reviews can all be covered by an NDA.

There are three types of NDAs: unilateral, bilateral, and multilateral....Seller-buyer NDAs Business operations, such as the seller's financial and internal information. Intellectual property, such as the information relating to the seller's proprietary rights and the status and details of research and development.

The Key Elements of Non-Disclosure Agreements Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.

A confidentiality agreement binds all parties to keep secret information confidential, while an NDA upholds secrecy by creating a confidential relationship between the parties who sign it.

Requirements for an NDA The names of the parties to the agreement. A definition of what constitutes confidential information in this case. Any exclusions from confidentiality. A statement of the appropriate uses of the information to be revealed. The time periods involved. Miscellaneous provisions.

The purpose of a Non-Disclosure Agreement An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges.

Since NDAs are civil contracts, breaking one isn't technically a crime. However, it could come with severe financial penalties. Violating an NDA leaves you open to lawsuits from your employer, and you could be required to pay financial damages and possibly associated legal costs.

5 Situations That Require a Non-Disclosure Agreement Discussing the sale or licensing of a product or technology.When employees have access to confidential and proprietary information.Presenting an offer to a potential partner or investor.Receiving services from a company that has access to sensitive information.

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King Washington Nondisclosure Agreement Regarding Proprietary and Licensed Material

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What requires a non-disclosure agreement?

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