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Confidentiality Agreement
Set clear obligations for handling confidential information between parties.
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CONFIDENTIALITY AGREEMENT TEMPLATE
This Confidentiality Agreement (“Agreement”) is made and entered into on [Date], by and between:
Disclosing Party: [Full Name / Company Name]
Address: [Disclosing Party’s Address]
Email: [Disclosing Party’s Email]
Phone: [Disclosing Party’s Phone]
and
Receiving Party: [Full Name / Company Name]
Address: [Receiving Party’s Address]
Email: [Receiving Party’s Email]
Phone: [Receiving Party’s Phone]
Together referred to as the “Parties.”
1. Definition of Confidential Information
For the purposes of this Agreement, “Confidential Information” shall mean any non-public, proprietary, or sensitive information disclosed by the Disclosing Party, whether oral, written, electronic, or otherwise, including but not limited to:
Business strategies, marketing plans, and financial information
Trade secrets, technical data, research, and know-how
Client lists, supplier details, and contracts
Intellectual property, designs, and product development information
2. Obligations of Receiving Party
The Receiving Party agrees to:
Maintain the confidentiality of the Confidential Information with at least the same degree of care as it uses for its own confidential data, but in no event less than reasonable care.
Not disclose any Confidential Information to third parties without prior written consent of the Disclosing Party.
Use the Confidential Information solely for the purpose of [state purpose, e.g., evaluating a potential business relationship].
3. Exclusions
This Agreement does not apply to information that:
Is or becomes publicly available through no breach of this Agreement;
Is already lawfully known to the Receiving Party prior to disclosure;
Is independently developed by the Receiving Party without reference to the Confidential Information;
Is required to be disclosed by law or court order, provided that the Receiving Party promptly notifies the Disclosing Party.
4. Term
The obligations of confidentiality shall remain in effect for [X years] from the date of disclosure or until the Confidential Information ceases to qualify as confidential under applicable law.
5. Return or Destruction of Materials
Upon request, the Receiving Party shall return or destroy all Confidential Information, including copies, summaries, or analyses, within [X days].
6. Remedies
The Parties acknowledge that breach of this Agreement may cause irreparable harm. In addition to legal remedies, the Disclosing Party shall be entitled to seek injunctive relief to enforce this Agreement.
7. Governing Law
This Agreement shall be governed by the laws of [State/Country], without regard to its conflict of laws principles.
8. Entire Agreement
This Agreement constitutes the entire understanding between the Parties regarding confidentiality and supersedes all prior agreements, whether written or oral.
Signatures:
Disclosing Party: ___________________________ Date: ___________
Receiving Party: ___________________________ Date: ___________
Details
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Confidentiality Agreement
CONFIDENTIALITY AGREEMENT FAQ
What is a Confidentiality Agreement?
A Confidentiality Agreement, also known as a Non-Disclosure Agreement (NDA), is a legally binding contract that establishes an obligation for one or both parties to keep specific information private and not disclose it to unauthorized persons.
Why is a Confidentiality Agreement important?
It protects sensitive business or personal information from misuse, ensures trust in partnerships, and creates legal recourse if confidential data is improperly shared. Businesses often use it before entering negotiations, partnerships, or employment arrangements.
When should you use a Confidentiality Agreement?
You should use this agreement when sharing proprietary data, trade secrets, or sensitive details with potential partners, employees, contractors, or investors. It is common in business negotiations, collaborations, and hiring processes.
What should a Confidentiality Agreement include?
It should clearly define confidential information, specify the purpose of disclosure, outline obligations of the receiving party, list exclusions, state the duration of obligations, and establish remedies for breach.
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