FREE 10+ Meeting Confidentiality Agreement Samples [ Board, Virtual, Online ]

Simply defined, a confidentiality statement for documents is a legally binding document stating that two parties won’t profit from or share confidential information. This is now a common practice in many business establishments where the agreement gets awarded to a contractor or employee to ensure that proprietary information or trade secrets don’t come out.

A confidentiality statement is also called a confidentiality agreement, a non-disclosure agreement, confidentiality clause, non-disclosure form, secrecy agreement or propriety information agreement. Here are some instances where you would need to use a printed or email confidentiality statement:

• To maintain a competitive advantage
  With a confidentiality statement example, there is always a concrete assurance that proprietary information won’t reach the media, the public or industry competitors. This is one of the most common situations when this type of agreement becomes a requirement in industries that are rapidly changing.
• To explain the responsibilities of each party
  The document creates a confidentiality relationship between two parties. For instance, in the case of a consultant, the agreement can clarify how they can and should use confidential information from new clients.
• To set the standards for how to handle information
  The parties involved in a confidential agreement or confidential disclaimer on documents would treat each other’s confidential information as if it was their own. But this is only possible if the recipient already has their own standards for handling such information. These standards can include restricting access to confidential information or the use of other methods to preserve confidentiality.
• To protect patent rights
  In the US and many other countries, an inventor may lose patent rights if the details of their invention go public.
• To protect information during mergers
  In cases of acquisitions or mergers, the statement can protect the information about the purchase and business agreement until the finalization of the acquisition or merger. In the same line, such agreements become useful in protecting the interests of the business in the case of joint company ventures.
• To lay the groundwork for legal action
  Confidential agreements are legally-binding documents and, therefore, you can use them as evidence in legal cases.

FAQs

Making this document could be great when you have resources that could provide you with the information that you need for the making of your Meeting Confidential Agreement. Utilizing the ones that you can find in this article is a great decision that you could ever make.