CONFIDENTIALITY (SHORT-FORM)

Other Names: Confidentiality Obligations • Confidential Information • Non-Disclosure of Information

Sample Clause Language:

The Parties acknowledge that [the existence and the terms of this Agreement and] any oral or written information exchanged between the Parties in connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the written consent of the other Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party and such Party shall be held liable for breach of this Agreement. [This Section shall survive the termination of this Agreement for any reason.]

Source: Bitauto Holdings LTD (2020, April 27). Form 20-F. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml

 

Description:

Confidentiality clauses require a party to protect the other party’s confidential and proprietary information that it receives during the term of the agreement. The sample clause here is drafted neutrally and applies mutually to all parties.

Common Contracts with this Clause:

  • Sale of Good Agreements
  • Services Agreements
  • Research and Development Agreements
  • Joint Venture Agreements
  • Licensing Agreements
 

What you'll see with Lawgood:

Number of Positions Available:

Three (3) Alternative Positions

  • Favorable to Disclosing Party
  • Neutral
  • Favorable to Recipient

Related Clauses:

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