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Confidentiality Agreement between Companies
Confidentiality Agreement
Confidentiality Agreement between two companies for a proposed project. This agreement contains mutual indemnity obligations that survive after the finalisation or discontinuance of the project. Included in the agreement are clauses covering:
- Definitions
- Obligation of confidentiality
- Disclosure
- Security of the Confidential Information
- Return of Confidential Information
- Loss
- Continuing obligations
- Executed in accordance with Section 127(1) of the Corporations Act 2001
4 pages long.
Confidentiality Agreement between Companies
This information is not legal information provided by Precedents Online or it’s Authors. It is for General Information only and to be used accordingly.
It is often necessary for a company to share important and confidential information with other businesses, such as suppliers, funders or contractors. To protect your company’s confidential information, you can ask your partner to sign a confidentiality or nondisclosure agreement (NDA). The NDA is a legally binding contract that can protect your business secrets and give you protection against the theft of your proprietary information.
New businesses often revolve around innovations such as new inventions or delivering services in a novel ways. Companies sometimes choose to keep certain business information secret or confidential from the public and competitors. Confidentiality is often achieved by having employees and business partners sign confidentiality agreements or non-disclosure agreements. Such agreements act as contracts that obligate the signatory to keep certain information secret. Confidentiality can have several potential advantages and disadvantages.
