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3 St. Helen's Place London EC3A 6AB Dir: 08453 130 140 fax: 08453 130 150 www.hilcovaluationservices.com CONFIDENTIALITY AND CIRCUMVENTION AGREEMENT Secure Electrons Limited Between 1. Hilo Appraisal

How to fill out confidentiality and non-circumvention agreement

How to fill out a confidentiality and non-circumvention agreement:

Begin by reading the agreement thoroughly:

1. Take the time to understand the terms and conditions outlined in the agreement.
2. Pay attention to any definitions or specific clauses that may affect your participation.
3. If you have any questions or concerns, seek legal advice before proceeding.

Fill in the parties' information:

1. Identify and provide the full legal names and addresses of all parties involved in the agreement.
2. Clearly state the roles of each party (e.g., disclosing party, receiving party, intermediary).

Define the scope of the agreement:

1. Determine the specific information that will be considered confidential and protected under the agreement.
2. Clearly outline what constitutes non-circumvention, which typically refers to activities that bypass or undermine the purpose of the agreement.

Specify the duration of the agreement:

1. Determine the length of time the agreement will be in effect.
2. This can range from a specific period (e.g., one year) to indefinite, depending on the circumstances.

Include any exceptions or exclusions:

1. If there are any exclusions to the confidentiality or non-circumvention provisions, clearly state them.
2. For example, certain information may not be considered confidential or certain activities may be permissible.

Address non-disclosure obligations:

1. Detail the obligations of the receiving party to maintain the confidentiality of the disclosed information.
2. Include provisions on how the information should be handled, stored, and protected from unauthorized disclosure.

Add non-circumvention obligations:

1. Specify the actions or activities that the receiving party is prohibited from engaging in to circumvent the agreement.
2. This may include directly or indirectly contacting the disclosing party's contacts or clients to bypass the agreed-upon relationship.

Include remedies in case of breach:

1. Outline the actions that can be taken in case of a breach, such as seeking injunctive relief or pursuing legal damages.
2. Specify any dispute resolution mechanisms, such as arbitration or mediation.

Who needs a confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreements are commonly used in various business contexts, particularly when sensitive information is being shared. The agreement is beneficial for:

Startups and small businesses:

1. Protecting their proprietary knowledge, trade secrets, and business strategies.
2. Preventing competitors or third parties from bypassing business relationships or partnerships.

Freelancers and independent contractors:

1. Ensuring the confidentiality of client information and protecting their intellectual property during collaborative projects.
2. Safeguarding relationships with clients and preventing them from being directly approached or worked with, without consent.

Investors and venture capitalists:

1. Protecting confidential business plans and financial information shared during investment negotiations.
2. Safeguarding against potential circumvention of investment opportunities by parties involved.

Companies involved in mergers and acquisitions:

1. Maintaining confidentiality when engaging in due diligence processes and exchanging sensitive information.
2. Ensuring that parties do not bypass the agreed-upon relationships or disclose confidential information to unauthorized individuals.

Overall, the need for a confidentiality and non-circumvention agreement depends on the specific circumstances and the desire to protect sensitive information and business relationships.

For pdfFiller’s FAQs

What is confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreement is a legal contract that outlines the terms of keeping information confidential and prohibits parties from bypassing each other to directly engage in business.

Who is required to file confidentiality and non-circumvention agreement?

Parties involved in a business transaction or partnership where confidential information is shared are required to file a confidentiality and non-circumvention agreement.

How to fill out confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreements can be filled out by including relevant information about the parties involved, the confidential information being shared, the duration of the agreement, and any penalties for breaches.

What is the purpose of confidentiality and non-circumvention agreement?

The purpose of a confidentiality and non-circumvention agreement is to protect sensitive information, maintain trust between parties, and prevent circumvention of the agreement by directly engaging with each other's contacts.

What information must be reported on confidentiality and non-circumvention agreement?

The confidentiality and non-circumvention agreement must include details about the parties involved, the confidential information being shared, the duration of the agreement, and any penalties for breaches.

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