nda template word

a non-disclosure agreement, or ‘nda’, is a document used for preventing the sharing of confidential information. a non-disclosure agreement is a form used for safeguarding information that is both valuable and generally unknown to the public. the person or company receiving information is bound from disclosing it to any third parties not explicitly permitted in the contract. if the contract will be mutual (both parties providing info to each other), it does not matter who completes the document. if it will be unilateral, the disclosing party should draft the form in its entirety. if a unilateral form, “1st party” should be the one sharing the knowledge. check one of the two (2) options provided. “unilateral” should be checked if only one party will be listening to the secretive information, and one party providing it.







for example, if the “1st party” is the employer of the “2nd party”,  the first field will contain the word “employer” and the second field would say “employee”. if at any time or for any reason, the disclosing party (or both parties, if applicable) wish to have the other party return said shared materials, the other party is required to comply. write the name of the state in which information will be shared. at a minimum, the 1st and 2nd parties need to sign the nda. the last page is reserved for the notary public, if utilized. keep the page attached to the document even if it is not used, as the markings at the bottom of the document state there are four (4) pages total, and a missing page can cause the court system to deny the validity of the contract. the only difference between these two forms is the title. if an nda is signed (in writing), and is not overly broad in the requirements it holds to the recipient, one cannot just “get around” the agreement. if legally broken, the party at fault could be liable to damages from the other party.

for purposes of this agreement, “confidential information” shall include all information or material that has or could have commercial value or other utility in the business in which disclosing party is engaged. receiving party shall hold and maintain the confidential information in strictest confidence for the sole and exclusive benefit of the disclosing party. nothing contained in this agreement shall be deemed to constitute either party a partner, joint venturer or employee of the other party for any purpose.

this agreement and each party’s obligations shall be binding on the representatives, assigns and successors of such party. 2.      exclusions this provision describes all the types of information that are not covered by the agreement. 6.      severability the severability clause provides that if the parties wind up in a lawsuit over the agreement and a court rules that one part of the agreement is invalid, that part can be cut out and the rest of the agreement will remain valid. someone with the necessary authority must sign the agreement on behalf of each party.

simple nda template for microsoft word is a free non disclosure document template that you can use. this simple nda template for word can be used if you download this free non-disclosure agreement template as a word document to ensure your confidential information remains protected. we’ve worked with legal experts to create a free non-disclosure agreement template document for you to use as your business evolves. download it today., nda template free, nda template free, simple nda template word, nda template pdf, simple non disclosure agreement template.

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