Simple Confidentiality Agreement Nz
Many confidentiality agreements used in practice are much simpler than this summary suggests. In many cases, all that remains is to indicate the details of the party, which is a discloser and who is the recipient, and outline the « eligible purpose » of the disclosure. But in those agreements as well, someone looked at the following issues and decided how they should be dealt with. However, if there is a more complete description of what is considered « confidential information » (i.e., it is not limited to the authorized purpose) and information has been exchanged in the past without a confidentiality agreement, the recipient may be more resistant to accepting a new obligation to keep that information confidential once it was previously free to do with it what they wished. They could argue that they should only be linked for new information from the date of the agreement. There may also be situations where, even if the agent is independent, it is not appropriate to limit their liability. For example, if the obligation is fully controlled by the agent (for example. B the confidentiality of certain information), it is not clear why liability should be limited in this situation. The independent agent should not reveal it! Sometimes, however, the discloser wants or needs the ability to assign it.
For example, if it sells its subsidiaries and discloses valuable information about that subsidiary or company, it can or must transfer the benefit of the confidentiality obligations to the new owner. After all that has been said above, you should have a really tight confidentiality agreement, right? The Discloser may prefer that information has been collected prior to the date of the agreement so that the information is covered by this exception (information from another source that does not owe the disclosure a confidentiality obligation with respect to the information). This probably provides a cleaner section to ensure that information is not disclosed more indirectly. Often, these provisions serve more to emphasize the importance of confidentiality than because they significantly complement existing obligations. In this summary, we will look at a typical New Zealand confidentiality agreement and some of the most important things to consider when developing an agreement. LawDepot`s confidentiality agreement allows you to set the timing of confidentiality, non-request and non-compete clauses. However, for your document to be enforceable, the timelines and impact of the clauses on the parties involved must be fair and reasonable.