Non-Disclosure Agreement (NDA) Template

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NDA agreement free contract template online

What is a Non-Disclosure Agreement (NDA)?

NDA, meaning non disclosure agreement, typically is used in business, research, and creative industries to protect sensitive information such as intellectual property, even after a project has concluded. Once signed, an NDA establishes the legal framework to protect intellectual property and information from being stolen, sold, or disclosed to third parties such as competitors.

What is an NDA template?

Our free NDA contract template outlines confidential information that the parties intend to share for a specific purpose or project. The NDA form clarifies that the parties agree to maintain confidentiality and refrain from disclosing the information to any third party without the consent of the other party.
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Using this sample helps streamline the process of drafting, providing a framework for both simple and complex agreements.Explore other free contract templates.

What is inside our NDA form?

Purpose of agreement
Confidential information
Breaches

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What is an NDA used for?

An NDA is commonly used to:

To protect sensitive information: If you or your company have sensitive data that requires protection, employing an NDA ensures that participants are legally obligated to refrain from disclosing or sharing the information with third parties.
Protect patent rights: If you plan to share trade secrets, it's essential to take appropriate measures to maintain their confidentiality. Utilizing an NDA is a suitable precautionary measure for this purpose.
Outline what information is confidential: You can also use an NDA to categorize private and exclusive information and prevent misunderstandings.

A start-up or a large company needs to use an NDA when...

Sharing proprietary information with partners or vendors
Hiring employees, freelancers, or contractors
Collaborating with potential investors
Pitching ideas or products to potential clients or customers

Customize your non-disclosure agreement template and sign it online

We’ve created this simple confidentiality agreement template to save you time and money when it comes to streamlining your workflow. With Sign.Plus, these documents can be signed online right away. You just need to customize the contract template based on your own requirements and send it for signature through your fully encrypted dashboard.

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Best practices when using a Non-Disclosure Agreement (NDA) contract template

Define confidential information

The NDA should clearly define what information is considered confidential and what is not. This will help to avoid any misunderstandings about what can be shared and what cannot.

Specify purpose of agreement

The NDA contract should clearly state the purpose of the agreement and the reasons for sharing the confidential information.

Set a Timeframe

The NDA should specify the timeframe for which the confidential information must be kept confidential. This will ensure that the information is not disclosed after the expiration of the agreement.

Include remedies for breach

The NDA contract should include remedies for breach, such as damages or injunctions. This will provide a legal recourse in case of a breach.

How to Write and Fill out a Non-Disclosure Agreement?

Step-by-step guide to fill out Sign.Plus's NDA template

Disclosing & Receiving Parties

Get started with your NDA by identifying the "Parties" involved in the agreement. The "Disclosing Party" refers to the individual or entity providing information, while the "Receiving Party" denotes the individual or entity receiving the information.

Purpose of Agreement

Once the Parties have been identified, articulate the reason or objective behind the establishment of the non-disclosure agreement. It helps clarify the context in which the confidential information will be disclosed and the scope of the agreement's application.

Confidential Information

After the purpose of agreement have been settled, specify what type of confidential information the Non-Disclosure Agreement protects. Some common examples are:

Processes and formulas
Customer lists
Software development
Know-how
Patent details

Advertising and marketing
Blueprints
Business and financial records
Pricing structures
Real estate

Term of Confidentiality

In the term of confidentiality (also known as "Termination"), the NDA must clearly specify the duration its validity. For instance, the Non-Disclosure Agreement might end when:

The agreement expires
The transaction is completed
A specific period has passed

Government Law

The government law section (sometimes referred as "Jurisdiction") determines the state's laws that govern the Confidentiality Agreement. In case of any breach of confidentiality leading to legal action, the laws of the specified state or region will be applied, and any legal proceedings will take place there.

Breach of Agreement

In the breach of agreement section of an NDA contract, several elements might need consideration. It is essential to review and tailor this section according to the specific needs and circumstances of the parties involved and seek legal advice if necessary.

Exclusions from Confidential Information

The "Exclusions" clause outlines the types of information not covered by the NDA and it is possible to add it to your template. Here are some examples:

Information already publicly available
Information the other party already possesses prior to the NDA
Information independently developed or discovered by the recipient
Information that the Disclosing Party has permitted the Receiving Party to disclose with prior written consent.

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Frequently Asked Questions

What is a Non-Disclosure Agreement (NDA), and is it necessary to use?

A Non-Disclosure Agreement (NDA) is a legal contract between two or more parties that outlines confidential information that must be kept private and not shared with others. NDAs are commonly used to protect sensitive information such as trade secrets, business strategies, and intellectual property. NDAs ensure that information shared between parties remains confidential and cannot be used for unauthorized purposes.

Who typically uses a Non-Disclosure Agreement (NDA) Form?

NDA forms are commonly used by businesses, startups, entrepreneurs, and individuals who want to protect their confidential information. They are often used in industries where confidential information is critical, such as technology, healthcare, and finance.

What should be included in a Non-Disclosure Agreement Template?

A Non-Disclosure Agreement template should clearly define the information that is considered confidential, how the information can be used, and the duration of the agreement. It should also outline the consequences for breaching the agreement and the procedures for resolving any disputes that may arise.

Are Non-Disclosure Agreements (NDAs) enforceable?

Yes, NDAs are legally enforceable contracts. If one party violates the terms of the NDA, the other party can take legal action to seek damages.

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DISCLAIMER: The information on this site is for general information purposes only, and Sign.Plus cannot guarantee that all the information on this site is current or accurate. This is not intended to be legal advice and should not be a substitute for professional legal advice. For legal advice, consult a licensed attorney regarding your specific legal questions.