Companies cannot function all by themselves. Irrespective of their competence they need some support from other vendors to ensure their smooth functioning. However, this would mean that they get a whiff and sometimes even full-fledged knowledge about the intimate secrets of the company. These may be necessary for their work, but revelation of these to a third party is not something that the company would like. Thus, the company gets them to sign a vendor confidentiality agreement to safeguard its secrets. You can also see Rental Agreement Templates.
Most of the FMCG organizations, hire vendors to transport their goods from their company to the place of the customer. This means they share their customer list to the vendors. However, revelation of this list to competition can be catastrophic which is why they make their vendors sign this confidentiality agreement to bind them to secrecy.
When a company hires a vendor to design its website or write content, it reveals some of its important information and new ideas to him. In order to ensure that this is not disclosed by the vendor, he is expected to sign a vendor confidentiality agreement
A company when plans new marketing strategies for an existing product or launches a new product, generally advertising vendors is the first one outside the company to know about these. Thus, they are required to sign a confidentiality agreement to ensure that they do not reveal any of the secrets before the stipulated time.
When a company dispatches its products for delivery, it hands out its vendor the financial details of the products. Thus he becomes privy to these details. However since this is intimate information, the company prefers to keep this under wraps. So, the vendor signs a confidentiality agreement promising that these details would not be revealed by him.
This is a standard form of the agreement which can be used just as it is or can be altered as per the company’s requirement. It contains all the important segments that should be an integral part of a vendor confidentiality agreement.
This is a legal agreement and hence should be drawn only after some consultation from an expert. Make sure to enlist all the information that you deem to be confidential such that the signing party is clear about your intentions. However, any information that need not be revealed to the vendor need not be included in the agreement. In order to enhance the readability of the content, break it into small paragraphs or concise points. You can also see Basic Confidentiality Agreement.
With a large number of vendor confidentiality agreement to choose from, you are sure to find one that suits your requirements. Available in both word document and PDF form, these Agreement Templates can be easily customized and are ready to be printed out. We have no problems in making changes to our designs in order to suit your requirements.