CONFIDENTIALITY AGREEMENT (ONE WAY LONG)

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Online Advertising Agreement

What is included

One way disclosure – long

 

A long version confidentiality agreement (one way) including:

  1. Notices
  2. Assignment
  3. Publicity
  4. Precedence
  5. Entire Agreement
  6. Waiver
  7. Further Assurances
  8. Variation
  9. Advice
  10. Counterparts
  11. Cumulative Rigthts
  12. Costs and Governing law

This document is 8 pages long.

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Suitability

Australia

Preview Sample

 

CONFIDENTIALITY AGREEMENT ONE WAY LONG
What is it?

A one-way confidentiality agreement (also known as a unilateral confidentiality agreement or NDA) is a legal document where one party (the disclosing party) agrees to share certain confidential information with another party (the receiving party), who in turn agrees to keep that information confidential. This type of agreement is typically used when only one party is disclosing sensitive information.

Here are the key components and aspects of a one-way confidentiality agreement:

  1. Parties Involved: Identification of the disclosing party and the receiving party.
  2. Definition of Confidential Information: A clear description of what constitutes confidential information, including any specific data, documents, or materials.
  3. Purpose: The purpose for which the confidential information is being shared, such as evaluating a potential business relationship, investment, or project.
  4. Obligations of the Receiving Party: Specifies the responsibilities of the receiving party to protect the confidentiality of the information, including:
    • Not disclosing the information to third parties.
    • Using the information only for the specified purpose.
    • Taking reasonable measures to safeguard the information.
  5. Exclusions: Defines what information is not considered confidential, typically including:
    • Information that is already publicly known.
    • Information that is independently developed by the receiving party.
    • Information obtained from a third party without breach of confidentiality.
  6. Duration: The period during which the information must be kept confidential and the agreement is in effect. This can vary but often lasts for several years.
  7. Return or Destruction of Information: The requirement for the receiving party to return or destroy the confidential information upon request or at the end of the agreement term.
  8. Legal Remedies: Outlines the consequences and legal remedies available in case of a breach of the agreement by the receiving party.
  9. Governing Law: Specifies the jurisdiction whose laws will govern the agreement.
  10. Signatures: Includes the signatures of both parties, indicating their agreement to the terms.

 

When do you use it?

When to Use a One-Way Confidentiality Agreement

  1. Presentations and Pitches: When presenting proprietary information to potential investors, partners, or customers.

  2. Hiring and Employment: When hiring employees or contractors who will have access to sensitive company information.

  3. Vendor and Supplier Relations: When sharing proprietary information with vendors or suppliers.

  4. Business Discussions: When entering into preliminary discussions about potential business deals, mergers, acquisitions, or partnerships.

  5. Research and Development: When collaborating with another party on research and development projects.

A one-way confidentiality agreement is crucial for protecting sensitive information when only one party is disclosing such information. It ensures that the receiving party understands their obligation to keep the information confidential and provides a legal basis for action in case of unauthorized disclosure.

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Established since 2015, Precedents Online leads the industry with a diverse collection of over 300 legal templates. Our legal documents, meticulously crafted by practicing Solicitors and renowned legal authors, provide you with the precise solutions you seek. Step into a world where legal paperwork is made easy .

Eric Kalde is the author of over 300 +  practice guides published through the leading Australian legal publishers Precedents Online.
Lawyers all over Australia rely on Eric Kalde’s precedents and practice guides in their legal practice.
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