Confidentiality agreement is a legal document which is used to identify confidential relationship between two or more parties. By this agreement, involved parties are legally restricted to share stated information about business operations or procedures etc. Confidentiality agreement form is used as an incentive to build trust. Usually this agreement is signed in strategic meetings or other business relations where sensitive information is being shared. This confidentiality agreement is also known as Non-disclosure agreement. This document mainly contains information about the involved parties, information not to be disclosed, clauses about unauthorized disclosure of information etc.
A legally binding document which used in business & personal life to identify the confidentiality of relationship between two or more parties is called a confidentiality agreement. No doubt, this is a formal written document which legally restricted the parties who involved in it not to share a single piece of information about their business operations, personal conversations, security matters, policy concerns, production procedures & even more. Apart of this, people can enter into confidentiality agreement to build trust.
Typically, this document will not only describe the rights and duties of parties, but most likely it’ll also protect them from the future disputes. Purely in point of business, a confidentiality agreement template wills incentive to build a trustworthy relation where sensitive information is being shared must be kept secret. However, we can also call this agreement as a confidentiality contract or Non-disclosure agreement. Almost certainly, the main content of a sample confidentiality agreement may include is following, e.g. duties of parties, time period of agreement, signatures of parties, terms of agreement, etc.
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