Non Disclosure Agreements (NDAs, also known as 'Confidentiality Agreements') are an essential part of modern business. If you have a trade secret, an invention or a 'good idea', it can be worrying revealing details to a third party because you never know if your idea may be stolen. For this reason, NDA forms are common. The problem is, most of them are long winded, running to 10 pages or more, and they very length of them makes it difficult sometimes to get your target to sign in first place.
For this reason, we here at www.lawyersbench.com have come up with this 'short form' NDA form you can use. It is short, unambiguous, and covers both parties, so you should find much less resistance when trying to get it signed. As always, www.lawyersbench.com recommend consulting your own lawyer in any legal matter.
----------------------- Non Disclosure Agreement -----------------------
A) COMPANY (or person) A (E.g. www.lawersbench.com)
B) COMPANY (or person) B (E.g. Jefferson Highway Esq)
The parties possess valuable information, technical knowledge, experience and data of a secret and confidential nature relating to field, all of which are regarded by them as commercial assets of considerable value; and The parties are willing to disclose such information to each other on condition that recipient of information does not disclose same to any third party nor make use thereof in any manner except as set out below.
In consideration of such disclosure to each other, it is agreed by and between parties hereto as follows;
1.The receiving party undertakes to treat as strictly confidential and not to divulge to any third party any of information disclosed by other and not to make use of any such information without disclosing party's prior written consent.
2.In event of one party visiting any of Establishments of other party, visiting party undertakes that any information relating to field which may come to its knowledge as a result of any such visit, inclusive of form, materials and design of various elements of any relevant plant and equipment which may be seen at such Establishments as well as all plant as a whole, methods of operation thereof and various applications thereof, shall be kept strictly confidential and that any such information will not be divulged to any third party and will not be made use of in any way by visiting party without other party's prior written consent.