Confidentiality Agreement (One-Way, Long)

Overview

This Confidentiality Agreement (Long Form) is a professionally drafted one-way contract designed to protect sensitive business information. It clearly sets out the obligations of the receiving party when confidential information is disclosed for a specific permitted purpose.

What This Agreement Covers

The agreement defines Confidential Information broadly, including business operations, strategies, processes, intellectual property, negotiations, and any data designated as confidential. It ensures the receiving party can only use the information for the permitted purpose specified in the schedule.

Key Confidentiality Obligations

The recipient and its personnel must:

• Use the information solely for the permitted purpose.

• Restrict disclosure to those who need it and ensure they are bound by the same confidentiality obligations.

• Prevent unauthorised copying or distribution.

• Securely handle and store all confidential information.

The agreement also outlines steps to follow if disclosure is required by law, including notifying the discloser and limiting disclosure to the minimum necessary.