A confidentiality agreement, also often referred to as a non-disclosure agreement, is an agreement or contract in which 2 or more parties agree to keep specific trade secrets and similar information secretive and confidential from outside parties. A confidentiality agreement is often enforced when 2 or more parties conduct and share sensitive business information with one another; such as information shared between an employee and employer. Although the specific terms of each confidentiality agreement will vary slightly from one another, it is important for recipients who receive the information, and for disclosure who provide the information, to completely understand the elements outlined in the agreement. Continue reading this article to learn how you can understand and fill out a confidentiality agreement.
1Enter the date onto which the agreement will be entered between all parties. The date that you provide on the confidentiality agreement is the official date on which the contract will be enforced.Ad
2Enter your name in the field next to the appropriate party that you represent. A confidentiality agreement will have 2 fields; a field for the recipient, and a field for the discloser.
- Write your name next to the recipient field if you are the party being given sensitive information to protect.
- Write your name next to the disclosure field if you are the party providing sensitive and confidential information to another party.
3Define the confidential information that needs to be protected. A confidentiality agreement should disclose the nature of the information that is meant to be kept private and confidential, and can vary depending on the details of the agreement.
- Enter your definition of confidential information on the section of the agreement that specifies "Confidential Information." For example, if the confidential information in question is the name of a client a person is providing work for, you can enter "client name" in the field next to "Confidential Information."
4Provide an explanation of the reason for disclosure. This will allow the parties entering into the agreement to understand why the confidential information needs to be protected. For example, if the reason for disclosure is to provide personal privacy for the discloser, notate this as the reason.
5Read and review the confidentiality agreement in its entirety. A confidentiality agreement will specifically state the type of information you can and cannot share with outside parties.
- Review the section for limits on confidential information, which will state instances in which disclosed information cannot legally affect the recipient if released by other means; such as public announcements, or information requested by government authorities.
- Verify that you understand the length of the agreement term. Some confidential agreements may require you to keep information confidential indefinitely; whereas other agreements may only require you to keep information confidential for several months or until the information is made public.
- Review the agreement provisions, if applicable. Some confidentiality agreements will include additional provisions; such as returning all confidential materials back to the discloser after they have been used by the recipient, or extending the agreement to include all heirs of the recipient.
6Provide the current date and your signature at the bottom of the agreement. Signing the confidentiality agreement will officially and legally bind you to the agreement for the sake of keeping said information secretive and confidential.Ad
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