A confidentiality agreement ensure the parties to an agreement maintain the parties’ confidential terms and agreement. A non-circumvention agreement (or non-circumvent agreement) is to prevent one or more parties from being passed over in the business transaction, leaving a party without being compensated for their services, labor, or involvement. A apprehensive or nervour party may insist on a non-circumvention agreement with the parties have no prior business relationship; there is little trust between the parties or both.
This Confidentiality Agreement is between the Recipient named below and [company name] regarding a business relationship between the aforementioned parties.
The Recipient will not allow any Confidential Information to be delivered, transmitted, or available to any other persons by any means. This includes monitoring how Confidential information is stored electronically, or otherwise, secured, transmitted, distributed, delivered, published, or accessed. All Confidential Information must be stored securely and safeguarded to avoid purposeful or accidental disclosure. Where reasonably possible, the Confidential Information must be stored virus-free.
The Recipient is responsible for ensuring that the Confidential Information is not negligently or knowingly stolen or used through any manner by the Representatives or Recipient for any benefit of their own or others without the express permission of the Disclosing Party.
The Recipient agrees that all communications, discussion of procedures, and requests for information will be directed to the Disclosing Party, not any other party.
The Recipient agrees that Confidential Information will not be used to the detriment of the Disclosing Party at any point. The Confidential Information will solely be used to evaluate the Potential Transaction. For all transactions with parties-in-interest relating to the Potential Transaction, the Disclosing Party will be present.
This Agreement is executed and delivered in front of a witness. It is delivered and executed as of the date below.
Date: __________________
RECIPIENT:
By: __________________________
Name: __________________________
Title: __________________________