Nondisclosure Agreement (NDA)

Nondisclosure Agreement (NDA)

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Submitted by Dana on

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A one-way Nondisclosure Agreement (NDA) is a form that you have another party sign when you are going to disclose private or confidential information to them.  The NDA attached here is one-way, meaning that it covers what the recipient gets but not vice-versa.  In order to convey a two-way confidentiality agreement, you should use a Mutual Nondisclosure Agreement.  Often, however, if you are going to tell someone about your trade secrets, you are not going to be privy to their secrets too. Therefore, the one-way NDA is a sufficient form for such transactions.

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                                    CONFIDENTIAL DISCLOSURE AGREEMENT

 

THIS CONFIDENTIAL DISCLOSURE AGREEMENT ("Agreement") is entered into and effective as of this              day of                          , 200_, and is between ___________________________________________, a resident of ______, ___ ("Discloser"), and                                                                         , an individual/partnership/                  corporation, located at ____________________                                                                                                                       ("Recipient").

 

                                                                  R E C I T A L S

 

  1. Discloser has confidential information, trade secrets and know-how relating generally to ____________________________ (collectively, "Confidential Information" or "Information").

 

  1. Recipient is desirous of receiving some or all of the Confidential Information in order to evaluate whether Recipient is interested in entering into a  business relationship with Discloser.

 

  1. Discloser is willing to disclose the Information to Recipient for these purposes, subject to the terms of this Agreement.

 

NOW, THEREFORE, in consideration of the above and the mutual promises and covenants herein contained, the parties agree as follows:

 

1.         Upon execution of this Agreement, Discloser agrees to disclose to Recipient certain items of the Confidential Information, the form, quantity and content of which will be sufficient, in Discloser's sole discretion, to carry out the purposes of this Agreement.

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