A unilateral non-disclosure agreement (NDA) is a legal document that binds one party to keep confidential information disclosed by another party. This type of agreement is often used in business relationships where one party shares sensitive information with another party, such as trade secrets, proprietary information, or confidential business plans.
Key Elements of a Unilateral NDA
A unilateral NDA typically includes the following key elements:
Parties: This section identifies the parties involved in the agreement, including the disclosing party and the receiving party.
Design Elements for a Professional Unilateral NDA
To create a professional and trustworthy unilateral NDA, it is essential to consider the following design elements:
Clear and Concise Language: Use clear and concise language throughout the document to avoid confusion and ensure that both parties understand their obligations.
Example of a Unilateral NDA
Confidential Disclosure Agreement
This Confidential Disclosure Agreement (the “Agreement”) is made and entered into as of [Date] by and between [Disclosing Party], a [Type of Entity] with its principal place of business at [Address] (the “Disclosing Party”), and [Receiving Party], a [Type of Entity] with its principal place of business at [Address] (the “Receiving Party”).
1. Confidential Information
1.1 Confidential Information. The term “Confidential Information” shall mean any information disclosed by the Disclosing Party to the Receiving Party, whether orally or in writing, that is designated as confidential or that should reasonably be understood to be confidential. Confidential Information shall include, but not be limited to, any trade secrets, proprietary information, know-how, customer lists, business plans, financial information, or other information that is not publicly known.
1.2 Exclusions. Confidential Information shall not include any information that:
Is or becomes publicly known through no fault of the Receiving Party;
2. Obligations of the Receiving Party
The Receiving Party shall:
Maintain the confidentiality of the Disclosing Party’s Confidential Information;
3. Term
This Agreement shall commence on the date hereof and shall continue for a period of [Term].
4. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [State or Country].
5. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
6. Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all such counterparts together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
[Disclosing Party]
By: __________________________________
Name: __________________________________
Title: __________________________________
[Receiving Party]
By: __________________________________
Name: __________________________________
Title: __________________________________