A confidentiality agreement is a contract requiring specific parties to keep certain information private.
- Sharing proprietary or private information with another person or business that you still want to remain secret.
- Using another business’ or individual’s proprietary information for business purposes.
If you are sharing confidential information, trade secrets, or just taking preventative measures to protect your intellectual property, you may need to have everyone you are working with sign a confidentiality agreement. Use this interactive, step-by-step form to create a confidentiality agreement that protects your private information.
A confidentiality agreement – also known as a non-disclosure agreement or secrecy agreement – is a legal contract that restricts a signatory from disclosing certain private information to parties outside of the agreement. These sorts of agreements are very useful in business activities that rely on the use of trade secrets, intellectual property, or other proprietary business information. Confidentiality agreements have become commonplace in many contractual arrangements. Most new employees sign confidentiality agreements when starting work at a new company, and confidentiality agreements are a common part of joint venture or partnership arrangements.
Confidentiality agreements can cover any information that the parties to the contract wish to keep secret. However, certain proprietary business information is protected from disclosure even in the absence of a confidentiality agreement. For example, civil liability can arise for the publication of trade secrets or intellectual property even if the parties never signed a confidentiality agreement. However, in order to make sure that everyone with access to private information is aware of their obligation to maintain its secrecy, executing a confidentiality agreement can be good business practice.
If you are a party to an exchange involving private information, consider using this interactive form to create a confidentiality agreement that protects everyone’s interests. This helpful guide will walk you through the process of creating a confidentiality agreement that meets our needs.