Who can use this Non-Disclosure Agreement?
You can use a non-disclosure agreement (NDA) to keep your invention and business ideas a secret when talking to others.
What is this Non-Disclosure Agreement for?
This non-disclosure agreement (NDA) enables you to protect your proprietary information when you enter into discussions with a potential business partner.
This NDA template is in the form of a letter. It states that in return for the sender providing confidential information, the recipient will agree to keep that information confidential. You should sign the letter and have it countersigned by the recipient and returned to you before the detailed discussions get underway.
What are the main issues?
A fairly detailed letter agreement is advisable. You should refer to the purpose of the arrangement and the project to be discussed. It will then identify the nature of the confidential information to be disclosed.
There will usually be restrictions on the number of individuals having access to the disclosed information, as well as restrictions on copying.
The agreement needs to deal with the possibility of negotiations coming to an end, in which case all confidential information should be returned or destroyed.
The NDA then needs to ensure that the recipient does not in future make use of any knowledge it has acquired so as to do a deal with the disclosing party and/or with contacts whose names were disclosed during the discussions.
Any information that is already in the public domain or already known to one of the parties will usually be excluded from the operation of the nondisclosure agreement.
The possibility of a breach of the agreement will usually be dealt with an appropriate and legal clauses incorporated.
What detailed terms does the contract contain?
The NDA template letter contains 13 numbered paragraphs. They include:
- definition & scope of confidential information
- restrictions on access and use of the information
- timeframe for the NDA
- what happens if negotiations cease
- what happens if a party breaches the NDA
For more information on each of these, 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
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, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. 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 experienced lawyers have written all our templates, 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.
Contract Author – Giles Dixon an English solicitor, with wide commercial experience.
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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