Non Circumvention Non Disclosure Agreement
Note that a non disclosure agreement is also referred to as a nda or a confidentiality agreement.
Non circumvention non disclosure agreement. This confidentiality agreement non circumvention agreement is appropriate when two parties are considering a potential transaction and only one party will be disclosing confidential information. Not all ndas will also contain the non circumvention provisions that appear at clause 3 of our template agreement. Definition of non circumvention non disclosure ncnd agreement. The receiving party expressly agrees not to circumvent avoid bypass or obviate the disclosing party in any manner directly or indirectly to avoid payment of fees royalties.
Non circumvention non disclosure and compensation agreement whereas the undersigned wish to enter into this agreement to define certain parameters of the future legal obligations are bound by a duty of confidentially with respect to their sources and contacts. By setting forth my hand below i warrant that i have complete authority to enter into this agreement. A non circumvention agreement is an important business tool that can protect businesses from being taken advantage of. The non competition provisions of this agreement are an essential and material part of the total agreement by which the confidant agrees it shall not use any advantages derivable from such confidential information in its own business or affairs unless the same is done pursuant to a new agreement executed by all signatories to this document.
In this situation a party the disclosing party discloses proprietary information regarding a business opportunity to another party the receiving party. It also includes provisions to prevent the party receiving confidential information from circumventing the disclosing party.
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