Whether you’re working with vendors, contractors, or employees, you need to have a confidentiality agreement (also known as a non-disclosure agreement) if you have information, processes, formulas, supply lists, and more, that you want to keep inside the business.
If you have trade secrets that you want to protect, you need to have third parties who work with you and employees sign a confidentiality agreement. If a vendor, contractor, or employee leaves and works with your competition, they can’t legally disclose your secrets, and you’ll have legal recourse if they do.
Here’s what’s inside the confidentiality agreement:
- A list of common items that are considered confidential
- Period of confidentiality
- How the receiving party can use the confidential information
- How a breach of confidentiality is handled
- When the receiving party can disclose the confidential information
- A no obligation clause despite sharing confidential information
Who is this agreement template for?
- Business owners who have employees
- Business owners who suppliers and vendors
- Business owners who hire contractors
Note: Once you have completed your template, it is best to have a business attorney in your state review your contract because every state has different contract laws. This template is based on United States law.
Disclaimer: This template is not legal advice and is for educational purposes only—neither the purchase of this template nor the included information form an attorney-client relationship.
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