Legal documents for business

You will find this contract in:

	Full Catalogue
	Chinese Contracts

You could also consider these related contracts:

A105	Confidentiality Agreement Template
C107	Chinese Shareholders Agreement Template
C115	Chinese Representation Agreement (Tendering)
C126	Chinese License for Manufacture & Sale
C129	Standard Terms & Conditions for Purchase of Goods and Equipment In China or UK
C137	Chinese Purchase Order Template
Z157	Doing Business in China - A few tips for the first timer

Explanatory Notes

Chinese Confidentiality Undertaking

This Agreement, in the form of a letter, is designed for use by a Company which is approached by someone with an idea for a new product. Confidentiality is usually in the interests of both parties in such a situation.

In paragraph 1, the obligation of strict confidentiality is imposed and the first sentence also makes it clear in the opening sentence that both parties will be open with each other with regard to the information to be provided.

In paragraph 2 the Company sets a time limit within which it will decide whether or not to proceed with the development, and during that period the other party is required not to open negotiations with anyone else.

If negotiations are broken off at the end of the specified period, all confidential information provided by each party must be returned to the other.

Paragraph 4 makes it clear that information which gets into the public arena is not covered by the confidentiality obligations unless this is due to some breach of a confidentiality undertaking.

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