Confidentiality Statement
This Confidentiality Agreement ("Agreement") is entered into as of [DATE] by and between [YOUR COMPANY NAME], a corporation organized and existing under the laws of [YOUR COMPANY JURISDICTION], with its principal office located at [YOUR COMPANY ADDRESS] ("Disclosing Party"), and [PARTNER COMPANY NAME], a corporation organized and existing under the laws of [PARTNER COMPANY JURISDICTION], with its principal office located at [PARTNER COMPANY ADDRESS] ("Receiving Party").
I. Purpose
The purpose of this Agreement is to establish the terms under which confidential information will be disclosed by the Disclosing Party to the Receiving Party to evaluate or implement a potential business partnership or collaboration.
II. Definition of Confidential Information
For purposes of this Agreement, "Confidential Information" includes all written, electronic, or oral information that the Disclosing Party provides to the Receiving Party, including but not limited to:
Business operations and strategies
Customer information
Technical processes and formulas
Designs and patent applications
Company financials
Other proprietary information
III. Obligations of the Receiving Party
The Receiving Party agrees to:
Keep the Confidential Information confidential and do not disclose it to any third party without the prior written consent of the Disclosing Party.
Use the Confidential Information only to evaluate or engage in the proposed business partnership.
Protect the secrecy of the Confidential Information with the same degree of care as it uses for its confidential information, but in no case less than reasonable care.
IV. Exclusions from Confidential Information
Confidential Information does not include information that:
Is or becomes publicly known through no breach of this Agreement by the Receiving Party;
Is received from a third party without breach of any obligation of confidentiality;
Is independently developed by the Receiving Party without the use of or reference to the Disclosing Party’s Confidential Information.
V. Term
This Agreement shall commence on the date first written above and will continue until the earlier of:
The Confidential Information no longer qualifies as confidential;
The Agreement is terminated by either party with thirty (30) days' written notice to the other party.
VI. Miscellaneous
This Agreement represents the entire agreement between the parties regarding the confidentiality of the disclosed information and supersedes all prior agreements and understandings, whether written or oral, relating to such matter. This Agreement may only be amended by a written document duly executed by both parties.
In witness whereof, the parties have executed this Agreement as of the date first above written:
[YOUR COMPANY NAME]
[YOUR NAME]
[YOUR TITLE]
[PARTNER COMPANY NAME]
[PARTNER'S NAME]
[PARTNER'S TITLE]
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