Agreement Template / December 6, 2018 / Hattie Salas
Unless you are in a college dorm or you lost a significant amount of your income Landlords are hard pressed to allow something like this to happen. In the event you are the Sub-Lessor you are still liable for your lease with the Landlord if the Sub-Lessee fails to pay rent or breaches their lease in any way. Think of the last time you thought about entering into business with someone. Whether you were engaging a consultant hiring an employee sharing your trade secrets with a vendor or providing your private data to a customer youve probably asked the other side to sign a confidentiality agreement protecting your most prized information (or theyve asked you to do so). But this kind of contract shouldnt be some simple hoop to jump through farmed out to your lawyers or contract managers without you paying close attention to the details.
Many times these types of forms are drawn up by lawyers. These forms can be very expensive and are not essential. It is only advisable for those who do not have time or resources to create this document on their own. A commercial lease agreement is different from a residential one. That is renters have far more latitude such as constructing a building that suits their business but they have far less freedom in terms of what they can do with the property they are renting. Lasting for 5 or even 10 years depending on the terms the landlord and tenant set a commercial lease is usually much longer than a residential lease. A commercial lease will often list several people on the lease both as landlords or investors and the group that is renting the space. Each person that has a stake in the agreement should be listed.
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.