Who can use this Confidentiality Undertaking Letter?
You need this document if you are a company looking to develop a product owned by another party, and want to maintain the confidentiality of information exchanged.
What is this Confidentiality Undertaking for?
This Confidentiality Undertaking Letter is an agreement in the form of a short letter from a company interested in developing a product that the recipient of the letter has brought to it.
The company makes a promise that it will keep all discussions regarding the new product confidential during a specified period. They will then either enter into a development agreement or bring the discussions to an end and return all confidential data. The recipient is asked to accept the terms by signing and returning a copy of the letter.
What does this Confidentiality Undertaking Letter cover?
This Confidentiality Undertaking is in the form of a short letter from a company interested in developing a product that the addressee of the letter has brought to it.
There are six numbered paragraphs covering
- disclosure of information
- return of confidential material
- breach of confidentiality
- governing law
For more information on each of these paragraphs, see our Explanatory Notes which you will receive when you download the document from our website.
If you have any questions about a contract and/or want to see these Notes before you buy, please let us know by using our contact form
You call this a letter agreement – please explain
An agreement can be in the form of a letter. When the letter is accepted and signed by the other party, it is an effective binding agreement just as a more formal agreement between Party A and Party B would be.
A letter agreement is more user-friendly than an agreement written in the third person.
For information on signing documents see our Contract Signing page
When I download the document, can I change it and/or use it more than once?
Yes. You can buy it once and use it in your business whenever you need it. All ContractStore’s templates are in MS Word. You can issue it on your company letterhead as well as alter, or add to it, if you need some special terms.
For more information watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But all our templates are written by experienced lawyers. So, we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.
And if you want to contact us see our Contacts page
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form
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