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This Confidentiality Agreement is made between Fairhaven Land Company Retirement Trust (Seller) and the Buyer to protect the confidentiality of real estate information regarding a potential purchase of property located at 907-911 Harris Ave, Bellingham WA. The agreement outlines the terms of disclosure, non-use, non-disclosure obligations, and the consequences of breach to ensure the Seller\'s information remains confidential.
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A confidentiality agreement is a legally binding contract that establishes a confidential relationship between parties, ensuring that sensitive information shared is not disclosed to unauthorized third parties.
Typically, individuals or organizations that intend to share proprietary or sensitive information as part of negotiations, employment, or collaborations are required to file a confidentiality agreement.
To fill out a confidentiality agreement, parties should clearly outline the confidential information, the purpose of disclosure, the obligations of the receiving party, and the duration of confidentiality. It should also include signature lines for all parties involved.
The purpose of a confidentiality agreement is to protect sensitive information from being disclosed without permission, thereby safeguarding trade secrets, intellectual property, and other proprietary information.
The confidentiality agreement should include the names of the parties involved, a definition of what constitutes confidential information, the obligations of the receiving party, and the duration of the confidentiality obligations.
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