Non-disclosure Agreement

Description

What should a Non-Disclosure Agreement include?
A valid non-disclosure agreement should include the following key provisions-

The Parties

This section will mention if the nondisclosure agreement is a unilateral, bilateral, or multilateral one. The details of the party/parties (names, addresses, etc) involved should be mentioned in this part.

Term of the agreement

The nondisclosure agreement template must mention the date of execution of the agreement and the duration of the existence of the same. It should also mention if the rules and obligations related to disclosure of information will be applicable after the expiry of the nondisclosure agreement or not.

Confidential information

The non-disclosure agreement format must specify what information is to be kept in the ‘confidential’ category or to be protected.

Disclosure of confidentiality

This section of the non-disclosure agreement employee specifies the intentions for which the confidential data/information will be used. It will also specify with whom such information can be shared.

Dispute resolution

The non-disclosure agreement must mention the remedial measures the parties will resort to, to resolve disputes, if any. It will include alternative forms of dispute resolution they may choose to employ, such as arbitration.