Example of a Simple Non Disclosure Agreement

In today`s competitive business environment, protecting sensitive information is crucial. A non-disclosure agreement (NDA) is a legal contract that ensures confidentiality between two or more parties. It is designed to prevent one party from disclosing confidential information to third parties or competitors. Non-disclosure agreements are used in a variety of contexts, including employment agreements, business partnerships, and research collaborations. In this article, we will provide an example of a simple non-disclosure agreement.

Example of a Simple Non-Disclosure Agreement

This non-disclosure agreement (NDA) is made between ABC Company (herein referred to as the Disclosing Party) and XYZ Company (herein referred to as the Receiving Party) on the date (date) for the purpose of preventing the unauthorized disclosure of Confidential Information.

Confidential Information means any information disclosed by the Disclosing Party to the Receiving Party, whether orally or in writing, that is designated as confidential or that should be understood to be confidential given the nature of the information and the circumstances of disclosure.

The Receiving Party agrees to receive and hold in confidence the Confidential Information and to use it only for the purpose of (purpose). The Receiving Party agrees to not disclose, publish, or otherwise reveal or make available any of the Confidential Information or permit its disclosure by any employee, agent or affiliate of the Receiving Party to any third party without the prior written consent of the Disclosing Party.

The Receiving Party agrees to take all reasonable precautions to safeguard the confidentiality of the Confidential Information, including but not limited to taking the same degree of care as it takes to protect its own confidential information of a similar nature, and ensuring that its employees, agents and affiliates are similarly bound to maintain the confidentiality of the Confidential Information.

The Receiving Party agrees to immediately notify the Disclosing Party of any unauthorized use or disclosure of the Confidential Information, or any other breach of this Agreement.

This Agreement and each party`s obligations hereunder shall be binding on the representatives, employees, and affiliates of the Receiving Party. This Agreement shall be governed by and construed in accordance with the laws of the state of (state).

This Agreement contains the entire agreement between the parties concerning the subject matter hereof and supersedes all prior negotiations, agreements, and understandings, whether oral or written, relating to the subject matter hereof.

In witness whereof, the parties have executed this Agreement as of the day and year first above written.

Disclosing Party: _______________________

Receiving Party: _______________________

Conclusion

A non-disclosure agreement is a legally binding document that protects confidential information from being disclosed to third parties. The example provided above is a simple non-disclosure agreement that could be used as a template for any business or organization to protect their confidential information. It is essential to have a non-disclosure agreement in place when sharing sensitive information with third parties, as it helps to ensure that the information remains confidential and secure. As a professional, I recommend including relevant keywords when drafting a non-disclosure agreement to enhance its visibility online.