non disclosure agreement business acquisition
but the path to doing so safely is making sure that the other party is bound to respect the confidential information provided and not use it to the disclosing party’s detriment. if it’s an agreement where only one side is providing confidential information, then the disclosing party can be referred to as the disclosing party, and the recipient of the information can simply be referred to as the recipient. and, if the nda does not, it should at least have a provision that allows for the recipient to quickly obtain consent from the disclosing party to the sharing of confidential information with specified third parties (which consent should not be unreasonably withheld or delayed). sometimes a recipient of confidential information will seek to add a “residuals” clause to an nda so that certain information that the recipient’s team learns from the disclosing party and that is retained in the “unaided” memories of the team members is not treated as confidential.