What This Non-Disclosure Agreement Template Covers

This non-disclosure agreement template is designed specifically for businesses engaging vendors or contractors. It includes essential clauses that outline the confidentiality obligations between the parties involved. Key components of this template include the definition of the parties, the scope of confidentiality obligations, exclusions from confidential information, the term of the agreement, and the governing law. Each clause is crafted to protect proprietary information shared in a business relationship, ensuring that sensitive data remains confidential.

When to Use a Contractor Confidentiality Agreement

Utilize this contractor confidentiality agreement when entering into negotiations with vendors or contractors who will have access to your proprietary information. For example, if a software development company is sharing its source code with an external contractor, this template ensures that the contractor cannot disclose or misuse that information. Another scenario is when a business is collaborating with a vendor to create a new product; this agreement safeguards the business's trade secrets during the partnership.

What's Included in This Vendor Non-Disclosure Form

• Parties: Clearly identifies the Disclosing Party and Receiving Party to establish who is involved in the agreement.
• Confidentiality Obligations: Details the responsibilities of the Receiving Party regarding the handling of confidential information.
• Exclusions from Confidential Information: Specifies what information is not considered confidential, protecting both parties from misunderstandings.
• Term of Agreement: Outlines the duration of the confidentiality obligations, ensuring they remain in effect for an agreed period.
• Governing Law: Indicates the jurisdiction that will govern the agreement, providing clarity on legal recourse.

Key Provisions of This Business NDA Template

• Confidentiality Obligations: Crucial for protecting sensitive information; ensures the Receiving Party understands their responsibilities.
• Exclusions from Confidential Information: Helps prevent disputes by clarifying what information is not protected under the agreement.
• Term of Agreement: Establishes a clear timeline for how long the confidentiality must be maintained, which is vital for both parties.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.