2. Definition of Confidential Information. “Confidential Information” means any information provided by the disclosing Party to the receiving Party under this Agreement, including, but not limited to: any request for proposals issued under this Agreement; all technical and non-technical data; formulas; models; compilations; Programs; Software; equipment; methods; technical; designs; drawings; processes; business practices; Lists of customers and potential customers and contact details; copyrights, trademarks or other intellectual property; plans or proposals; financial information; information about actual or potential customers or suppliers; Sales and marketing information; training and operating materials; and prices and other financial information relating to the business or affairs of the disclosing party. The ability to obtain an injunction is essential in any NDA. The injunction allows a disclosing party to prevent or prevent a recipient from disclosing confidential information that violates this Agreement. Without this provision, disclosing parties may be limited to financial damages that may not make the disclosing party adequate. In addition, confidential information remains open to unauthorized third parties. Mutual non-disclosure agreements are often used when two companies or entrepreneurs plan to start a business together or work together on a project. Both parties must be able to share information about their work without having to worry about the other party taking and selling the information.
One of the main reasons people like to use mutual confidentiality agreements is that they have proprietary information or trade secrets that they want to protect. This information is usually very valuable to its owner. In addition, the information could be destroyed or diminished if it were shared with others. Therefore, it is important to protect and soak the dissemination of information. To determine whether you have proprietary information, you must determine whether it meets the basic criteria. The criteria are as follows: 3. The parties limit the disclosure of confidential information within their own organization to their directors, officers, partners, members and/or employees who have a need to know confidential information and may not disclose confidential information to third parties (whether individuals, companies or other companies) without prior written consent. The Parties shall comply with their obligations under this paragraph when taking positive measures to ensure compliance with such confidentiality obligations by their employees, agents, consultants and other persons authorized to access or use Confidential Information.
A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), a confidential disclosure agreement (CDA), an information protection agreement (PIA), or a non-disclosure agreement (SA), is a legal contract or part of a contract between at least two parties that describes confidential documents, knowledge or information that the parties wish to share with each other for specific purposes. but want to restrict access.. .