Confidentiality agreements are generally used when two parties who form a relationship have access to the other party`s sensitive information. These include trade secrets and other intellectual property. The agreement prevents the company from transmitting this information. This non-circumvention agreement is based on the provisions of our existing introductory agreement, with new comprehensive non-circumvention provisions. In order to protect your data and place the right expectations in your business relationship, we have done all the research to cover your legal bases. From non-circumvention to confidentiality, everything is there to help you and your partner have a fundamental understanding of how this agreement works. A circumvention agreement is a legally binding agreement between the parties involved in a commercial transaction. It is usually set up by the party that is in danger called the “protected party.” It establishes clear rules on relations between the parties and prohibits any form of conspiracy at the expense of the protected party. Here are models of non-circumvention agreements: 3. Non-disclosure of confidential information. The recipient uses confidential information only for the purpose of evaluating the potential transaction. The recipient undertakes to maintain confidential information in trust and trust for a period of three (3) years from the date of execution. The recipient does everything in its power to keep confidential information confidential and does not transmit any of the confidential information to another person, provided that the recipient can provide confidential information to the recipient`s representatives who must know it for the purposes of evaluating the potential transaction and who agree to keep it confidential.
The recipient will not disclose or authorize this confidential information and the recipient is solely responsible for anyone who receives confidential information from the recipient or by the recipient`s representatives. The recipient cannot, in any other way, allow this confidential information to be available or accessible, stored electronically or otherwise, published, distributed, transmitted or communicated in any form to third parties. Without limitation of these obligations, all confidential information is protected with the utmost care in order to avoid disclosure and, where possible, is kept flawless and virus-free. The recipient must not admit or allow this confidential information to be deliberately or negligently misused or used by the recipient or the recipient`s representatives for his own benefit or for the good of others (directly or indirectly through independent research, reversal, decompilation or other means) for one`s own benefit or for the benefit of others, except in the context of discussions and meetings between the revealing party and the recipient of acts or acts that results or are related to it. A circumvention agreement prevents the parties with whom you enter into a contract from using your relationship to gain a commercial advantage.