Agreement Template / December 3, 2018 / Erica Harper
While you probably lock your important files away in secure filing cabinet when you are not in your office and have installed security encryption software on your electronic files to keep prying eyes out have you stopped to think about your employees? In order to make sure that they understand the importance of keeping your company information safe you may need to use a non-disclosure agreement template to draw up a document for each employee to sign stating that they will not disclose any information. This type of agreement is put in place to ensure that any information pertaining to your company and your clients will be held in the strictest confidence. It is used particularly where the sharing of information must occur between two companies but not be released to the general public.
Ultimately these exceptions provide a nice balance between the parties and make it easier to determine what is covered by the nondisclosure obligation and what is not. So if you are thinking about all of the provisions that should typically go into a comprehensive confidentiality agreement template make sure you nail the business purpose marking requirement description and exceptions issues. These are the provisions that are most heavily discussed and negotiated in this kind of contract so business people should be knowledgeable about them and able to take a firm stand on each issue. No matter what type of business you are in there is always going to be some information that does not need to be made public as it can harm either the company or your clients.
Assigning geographical boundaries: A franchise has to have a geographical boundary within which the franchisor should not establish another franchise. This goes in the interest of the franchisee to have that added from a Franchise agreement template in the final contract so that there are no competitors in your territory. Time period of the Agreement: This has to be defined with reference to your investment. With larger investment the time period of the agreement has to be proportionately more. Not settling on a time period could be disastrous. Royalties fee and total anticipated investment: The fee for getting the franchise royalty for using the trademark and brand name and the anticipated investment in the business have to be agreed upon in the agreement.