Nursing Home Financial Confidentiality Agreement
This Financial Confidentiality Agreement ("Agreement") is entered into as of [Month, Day, Year] ("Effective Date"), by and between [Your Company Name], a corporation with its principal place of business located at [Your Company Address] ("Company"), and [Recipient Name], with a mailing address of [Address] ("Recipient").
Recitals
WHEREAS, the Company operates a nursing home and is engaged in the care and treatment of its residents;
WHEREAS, the Company possesses sensitive financial information, including but not limited to, resident billing information, supplier contracts, payroll data, financial reports, and proprietary financial methodologies ("Confidential Information");
WHEREAS, the Recipient may be provided access to such Confidential Information solely for the purpose of evaluating, advising on, or assisting in the improvement of the Company’s financial management, billing processes, and cost-efficiency strategies ("Purpose");
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Confidentiality
1.1 Obligation of Confidentiality. The Recipient agrees to maintain the Confidential Information in strict confidence. The Recipient shall not disclose, publish, or disseminate Confidential Information to anyone other than those of its employees or agents who have a need to know such Confidential Information to further the Purpose and who are bound by confidentiality obligations at least as restrictive as those set forth herein.
1.2 Use of Confidential Information. The individual or entity who is designated as the Recipient hereby enters into an agreement that the Confidential Information received will only be utilized for the purpose expressly stated in this agreement. The Recipient further pledges not to use the Confidential Information for any other intention or purpose that falls outside the specified Purpose, including utilizing it for the Recipient's own advantage or for the benefit of any third party. This condition is unabiding unless there is prior consent given by the Company through a written communication allowing such utilization of the Confidential Information.
2. Exclusions
This Agreement imposes no obligation upon the Recipient with respect to Confidential Information that: (a) was known to the Recipient prior to disclosure by the Company; (b) is or becomes publicly available through no fault of the Recipient; (c) is rightfully received from a third party without any obligation of confidentiality; or (d) is independently developed by the Recipient without use of or reference to the Company's Confidential Information.
3. Return of Confidential Information
Should the Company have a need for it, or at such time as the agreed upon Purpose comes to an end, it falls on the Recipient to ensure the return of all Confidential Information that is in their possession. This includes not only the original copies but also any duplications or summarised forms of the materials. On the other hand, if the Company prefers, the Recipient may certify that the Confidential Information has been completely destroyed, a decision that is left at the discretion of the Company and may be requested at any time.
4. Term
As per this Agreement, the obligations, duties, or actions needed to be fulfilled by the parties involved shall come into effect or begin to apply from an established date known as the Effective Date. Following this specified date, the said obligations or contractual responsibilities shall continue without a fixed end date until a certain condition is met. This condition is subject to one of two possibilities. The first is the point in time when the Confidential Information detailed in this agreement ceases to maintain the status or characteristics of a trade secret pertaining to its value or proprietary nature. The second possible condition involves the point in time when the Company involved in this Agreement decides to officially put in place a written notice. This notice has the purpose and effect of releasing or freeing the Recipient from the termed binding or legal obligations stated within this Agreement. The obligations of this Agreement shall only conclude or terminate at the arrival of whichever of the above-mentioned conditions materializes first.
5. Miscellaneous
5.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the [State], without giving effect to any choice or conflict of law provision or rule.
5.2 Amendments. This Agreement cannot be amended in any effective manner unless such amendment is put down in writing and includes the signature of both parties involved.
5.3 Waiver. If any party to this Agreement wishes to waive any of the provisions within it, it will not be considered effective unless that party explicitly states this intention in writing. Further to this, the party expressing the intention to waive a provision must also sign the written document stipulating this waiver, for it to be considered valid and effective.
IN WITNESS WHEREOF, the parties hereto have executed this Financial Confidentiality Agreement as of the Effective Date first above written.
[Your Company Name]
[Company Representative Name]
[Job Title]
Recipient
[Name]
[Job Title]
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