Confidentiality Contract for Product or Business Idea
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Description
This type of Confidentiality Contract is used when a person or company (Disclosing Party) which has developed a new product, device, machine, service, software, business idea etc., contacts a company for the purposes of evaluating the commercial viability thereof and assess a potential collaboration contract to launch same on the market. During the evaluation process there is a need to protect the confidential information that the Disclosing Party furnishes to its potential partner. Ensuing from the new Product or Business Idea description, specified therein is the notion as to what confidential information includes, as well as the processing which should be given by the managers and employees of the recipient company of the information. The Contract likewise regulates the exceptions as regards to what is considered confidential information, the duration of the confidentiality undertaking, as well as the compensation corresponding to the Disclosing Party and the applicable law in the event of a breach of the Contract by the recipient company of the confidential information. |
Index of the contract
Parties
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Signatures |