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Confidentiality and Circumvention Agreement This Nondisclosure and Circumvention Agreement (the Agreement) is entered into as of, 2008 between Ambit Preferred Investor 3, LLC, Ambit Funding, and/or

How to fill out confidentiality and non-circumvention agreement

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

1. Begin by identifying the parties involved in the agreement. Clearly state the names and contact information of both the disclosing party (the one sharing the confidential information) and the receiving party (the one who will have access to the confidential information).
2. Define the scope of the agreement. Specify what kind of information will be considered confidential and should be protected by the agreement. This may include trade secrets, customer lists, proprietary processes, or any other sensitive or non-public information.
3. Set the duration of the agreement. Determine how long the confidentiality obligations will last. It is common to see time periods of one to five years, but it can vary depending on the nature of the information.
4. Include specific obligations of the receiving party. Describe what actions the receiving party must undertake to protect the confidential information. This may involve measures such as maintaining secure storage, limiting access to authorized personnel only, or implementing encryption methods.
5. Outline any exceptions or exclusions to confidentiality. Specify situations where the receiving party is not required to maintain confidentiality, such as information that is already publicly available or if disclosure is required by law.
6. Include a non-circumvention clause. This section prohibits the receiving party from attempting to bypass the disclosing party and engage directly with any third parties, contacts, or potential business opportunities that were introduced or made known through the agreement.
7. Establish the consequences of breach. Define the remedies and legal actions that can be taken if either party breaches the agreement, including potential financial penalties, injunctions, or specific performance.
8. Have both parties sign and date the agreement. Make sure that all involved parties have read and understood the terms and willingly enter into the agreement. Consider having the document notarized to add an extra layer of authenticity if desired.

Who needs a confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreements are commonly used in various business scenarios. Parties that may need this type of agreement include:

1. Companies sharing proprietary information with employees, contractors, or partners to ensure the protection of trade secrets and confidential data.
2. Business owners engaging in negotiations or collaborations with other companies or individuals, aiming to safeguard sensitive information during the discussion and exploration phases.
3. Startups or entrepreneurs seeking to protect their intellectual property or confidential business plans when sharing information with potential investors, advisors, or partners.
4. Sales agents, brokers, or consultants who are given access to confidential client information and wish to prevent the circumvention of their business relationship by conducting transactions without involving them.

Overall, confidentiality and non-circumvention agreements are valuable tools in maintaining the privacy and security of sensitive information in various professional contexts.

For pdfFiller’s FAQs

What is confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreements are legal contracts that protect sensitive information shared between parties and prevent one party from circumventing the other in business dealings.

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

Parties involved in business transactions or partnerships where sensitive information is shared typically need to file confidentiality and non-circumvention agreements.

How to fill out confidentiality and non-circumvention agreement?

Confidentiality and non-circumvention agreements can be filled out by detailing the parties involved, the sensitive information being protected, the scope of non-circumvention, and any penalties for breach of contract.

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

The purpose of these agreements is to ensure that sensitive information is kept private and to prevent one party from bypassing or going around the other in business dealings.

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

Information such as the parties involved, the specific details of the sensitive information being protected, the duration of the agreement, and any penalties for breach are typically reported on these agreements.

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