to protect your company’s confidential information, you can ask your partner to sign a confidentiality or nondisclosure agreement (nda). a confidentiality agreement is a contract that states the other party will not disclose any information its employees learn while working for you or talking to you. confidentiality agreements can be used with individuals or businesses and can protect any aspect of your business that is proprietary or confidential. for example, if you have a design for a new product and want to get an estimate from a manufacturer to produce the product, you can ask the manufacturer to sign a confidentiality agreement to ensure that information about your product is not given to your competitors. you can use a confidentiality agreement with suppliers, clients, consultants and even journalists who receive a “sneak preview” of your product or service. you can tailor confidentiality agreements to meet your specific needs, such as when you want to share intellectual property with a client but do not want that information passed on.

although the business arrangement may benefit both parties, each side individually must reveal specific privileged information during the arbitration process that could be used in opposition to them if the final contract is not finalized. the purpose of an nda is to legally protect highly sensitive information such as technological innovations, trade secrets, and customer lists from being shared without proper authorization. in other words, the receiving party is assuring the disclosing party that they will not share any sensitive information with outside sources. an nda may either be mutual, where both parties disclose each other’s confidential information, or it can be one-way, where only one party discloses sensitive information. in both cases, the information should not be shared with any other party unless it has been authorized by the disclosing party.

confidential information relating to ut arlington inventions that is disclosed pursuant to a nda is not considered a “public disclosure” for purposes of patent laws (us and foreign). if you do not use an nda, and you disclose trade secrets, it will no longer be possible to maintain the information as a trade secret. there should be no work or research that could result in invention and the creation of intellectual property under an nda. the name of the designated contact person for the recipient, and if you are not the only ut arlington contact, who else is on your team.

in consideration of the contractor’s work with the company and the compensation that will be paid for that work, the parties agree as follows:in consideration of the contractor’s continuing work with the company,  as well as $,  the parties agree as follows: in conjunction with the contractor’s work with the company, the company may (but is not required to) disclose to the contractor, or the contractor may develop or learn, confidential information. the contractor understands that it is the company’s policy to maintain the rights of any party with which the contractor has a confidentiality or proprietary rights agreement.

a non-disclosure agreement (also known as a ‘confidentiality agreement’) is a legal contract that offers protection where two or more parties will be disclosing confidential information to each other. this two-way non-disclosure agreement (nda) offers protection when two businesses want to share information with each other but need to ensure the information goes no further. an nda protects this information by stating that anything confidential that is shared between the parties will not be shared with others (except in prescribed circumstances). almost any type of information can be confidential information. you can protect both commercial information and personal information. when drafting a confidentiality agreement you must state the purpose of creating the nda (the disclosure) to the other party. the purpose of disclosing the information must be legitimate and for specific reasons.

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.

if any of the bound parties break an nda, the party that released or used the information for their personal benefit may be liable for monetary damages. the main difference is that a non-disclosure agreement (nda) prohibits an individual from releasing information to a competitor while a non-compete agreement does not allow the individual to be employed by a competitor. if there is a breach of confidentiality the party that disclosed the information may be liable for monetary damages depending on the severity. misappropriation – an individual or entity that uses confidential information for their own use or shares with a 3rd party. an nda is a form that can either be written by yourself or with the help of an attorney.

to allow for equitable access to all users, sec reserves the right to limit requests originating from undeclared automated tools. you can also sign up for email updates on the sec open data program, including best practices that make it more efficient to download data, and sec.gov enhancements that may impact scripted downloading processes. for more information, please see the sec’s web site privacy and security policy. thank you for your interest in the u.s. securities and exchange commission.