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This document is a Confidentiality Agreement. The document sets out how and what type of confidential information can be exchanged between the parties and protects such information from being disclosed to anyone else. It creates enforceable obligations between the parties that mean they will not disclose or use any confidential information for any purposes other than that set out in the agreement.
This document can be used where both parties to the agreement will provide and exchange confidential information (a "two way" disclosure) or it can be used where only one party will provide another party with confidential information (a "one way" disclosure). Within the document there is the option for it to last indefinitely or for a set period of time. The document can also be modified to insert special terms that ensure that employees and clients cannot be approached or poached following any disclosure. Where the sharing of confidential information includes the disclosure of personal data, this document can also provide that all such personal data will be handled and processed in a way which is compliant with the necessary data protections laws and regulations.
How to use this document
This document should be signed by both parties to the agreement who are proposing to protect their confidential information. Each party should ensure that they are willing to agree to and accept all terms within the agreement before signing. Each party should sign two copies of the agreement. One copy should be kept for their own records and the other should be provided to the other party.
The broad principles of confidentiality, contract and restrictive covenants are applicable to confidentiality agreements.
Data Protection Act 2018
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