Confidentiality Agreements

A confidentiality agreement is a contract that two or more parties enter into when they have a need to share information, but want the information to be kept private outside their interaction. Confidentiality agreements are also known as non-disclosure agreements, proprietary information agreements, or secrecy agreements. There are many reasons that parties may enter into confidentiality agreements, especially in business.

Common Components of Confidentiality Agreements

Some items that are frequently included in a confidentiality agreement include:

• Defining the parties involved
• Specific descriptions of what items or ideas will be kept confidential (often including business operations, unpublished patents, financial information, or customer details)
• A designated period of time that the confidentiality agreement will be valid for
• Any exclusions pertaining to the confidentiality agreement
• Specific instructions on how the party receiving the confidential information will handle it

Confidentiality agreements can be unilateral (where one party shares some information with the other but does not receive information) or all parties involved may be giving and receiving information to the other parties. These contracts can assist businesses that are considering business deals or relationships, or confidentiality agreements may be used between a business and its employees.

Contact Us

Like all business contracts, confidentiality agreements can be very complex. Whether you require assistance in drafting and reviewing confidentiality agreements or you have concerns about another party breaching a confidentiality contract that you are a part of, our dedicated team of Austin contract law attorneys can help. Contact the qualified business attorneys at Slater, Kennon & Pugh Ltd.LLP at 512-472-2431 today.