This sample form, a Confidentiality Agreement document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state.
Dallas Texas Confidentiality Agreement between Two Businesses
State:
Multi-State
County:
Dallas
Control #:
US-S1508-2BAM
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Confidentiality Agreement Between Two Businesses?
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FAQ
A confidentiality agreement is a legally binding contract that states two parties will not share or profit from confidential information. A business usually gives a confidentiality agreement to an employee or contractor to make sure its trade secrets or proprietary information remains private.
If any of the confidential information is revealed to another individual or company by a party to the confidentiality agreement, the injured party can claim a breach of contract, and seek an injunction from the court to restrain the individual or company from further disclosing or using the confidential information and
A bilateral NDA (sometimes referred to as a mutual NDA or a two-way NDA) involves two parties where both parties anticipate disclosing information to one another that each intends to protect from further disclosure.
NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information and a person who will gain access to that information. A confidential relationship means one or both parties has a duty not to share that information.
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.
If a Texas court construes an agreement as a legitimate NDA, it will almost certainly enforce it. Texas courts have consistently held nondisclosure agreements to be enforceable.
An NDA should be reasonable and specific about what's considered confidential and non-confidential. Language that is too broad, unreasonable or onerous can void an agreement. Courts will also challenge or invalidate agreements that are overly expansive, oppressive or try to cover non-confidential information.
A confidentiality agreement is a legally binding contract that states two parties will not share or profit from confidential information. A business usually gives a confidentiality agreement to an employee or contractor to make sure its trade secrets or proprietary information remains private.
Also known as an NDA or Confidentiality Agreement, this agreement is a legally binding contract where a party agrees to keep confidential information that's received private. For example, if you hire a partner and share a trade secret with him or her; you can ask that your secret remain confidential.