Agreement Template / December 5, 2018 / Mabel Cooke
How do people try and alleviate this concern? 3. Description of Confidential Information. Well one way people try and get around the marking requirement is to provide a description of which information is confidential and which information is not. But people usually write such a wide ranging description that its hard to know what is or is not confidential. And if two parties sign multiple confidentiality agreements with each other then you usually end up with multiple overlapping definitions of confidentiality so you have no idea which agreement applies to which information nor whether certain materials fall under the agreement and other ones do not. 4. Exceptions. Whats the solution? The best move is to just say that all of the private information that you provide for the business purpose is confidential.
In order to make sure that the non-disclosure agreement template you are planning to use is going to adequately protect both your sensitive information and that of your clients you should download several samples from a variety of online sites. Review each of them carefully to see which one is best going to represent your needs and meet with the legal requirements of the state that your business is located in. You can hire an attorney to do the work for you but chances are he is going to do the same thing and download a template from the Internet and charge you a lot of money for something you can do for yourself for little or no money. Starting a new business with another person as a partner can seem like a really good idea in the beginning and for many it works very well.
Then insert some wide ranging exceptions to this definition of confidential information that make the agreement a fair one. Typically you would tell the party that is going to receive your confidential data that they dont have to protect any of your materials if they happen to be already out there in the public domain are previously in the receiving partys possession (which means they developed the same thing on their own) or were given to the receiving party by a third party. These kinds of exceptions are important because its not fair to require the receiving party to lock up your materials if they really arent confidential to you. At the same time anything that doesnt fall within one of these exceptions really should be kept confidential because no one else is in possession of it.