15 Sep

Confidentiality Agreement Drafting Tips

Confidentiality agreements are available in two basic formats: a mutual agreement or a unilateral agreement. The unilateral agreement is if you plan for a single page to share confidential information with the other party. The NDA form is applicable to situations in which each site may exchange confidential information. Most of the agreements I see (if they have a duration) have a delay of two to five years. But your NDA should also say that even if the term is over, the disclosing party does not give up any other rights it may have under copyright, patent, or other intellectual property protection laws. By using a template to create your NDA, you can expand your knowledge of privacy best practices while tailoring them to your specific business interests. This is certainly the case when more than one person may be involved in a relationship, as lawyers must consider cross-party and internal issues; It is often a mistake to simply insert another party into a treaty, without carefully thinking about how that party fits into any provision. NDAs can be written or created separately as part of an employment contract….

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