3. Confidentiality of Confidential Information. The recipient may only use the confidential information for the purpose of evaluating the potential transaction. The Recipient agrees to keep confidential confidential information confidential for a period of three (3) years from the date of execution of this Agreement. The recipient shall make every right to keep confidential confidential information confidential and not to disclose any confidential information to other persons, provided, however, that the recipient may communicate confidential information to the recipient`s representatives, who must know such information for the purpose of evaluating the potential transaction and agree to keep such information confidential. The recipient may not accept or permit such confidential information to be used or used knowingly or negligently by the recipient or for the benefit of others (directly or indirectly, through independent research, reverse engineering, decompilation or otherwise) by the recipient or by representatives of the recipient for their own property or for the benefit of others, except in the context of discussions and meetings between the disclosed party and the addressee and the agreements or acts arising out of or related thereto. This provision allows the disclosed party to seek an injunction to prevent or prevent the receiving party from disclosing or using the confidential information in violation of this Agreement. Depending on the relationship between the parties or the nature of the transaction, it may be advisable to require all representatives to enter into a written agreement on the protection of confidential information. A confidentiality agreement (NDA), also known as a confidentiality agreement (CA), a confidential disclosure agreement (CDA), a protected information agreement (PIA) or a confidentiality agreement (SA), is a legal contract or part of a contract between at least two parties that describes documents, knowledge or confidential information that the parties wish to share for specific purposes. but restrict access. Doctor-patient confidentiality (doctor-patient privilege), lawyer-client privilege, priestly penance privilege, bank-client confidentiality and kickback agreements are examples of NDAs that are often not written into a written contract between the parties. This is a contract by which the parties agree not to disclose the information covered by the agreement.
An NDA creates a confidential relationship between the parties, usually to protect any type of confidential information and proprietary or trade secrets. Therefore, an NDA protects non-public business information. Like all treaties, they cannot be applied if the contractual activities are illegal. DDNs are often signed when two companies, individuals or other entities (such as partnerships, companies, etc.) are considering doing business and need to understand the processes used in the other`s activities to assess the potential business relationship. DDAs may be “reciprocal”, meaning that both parties are limited in their use of the materials supplied, or may restrict the use of materials by a single party. An employee may be required to sign an NDA or NDA-type agreement with an employer to protect trade secrets. . . .