Confidentiality Agreement Hk

6. Dezember 2020

It is essential that there is a confidentiality agreement signed before the disclosure of confidential information, especially when confidential information is very important (for example. B, trade secrets and know-how). Disclosure party: the party that enters into the agreement to its advantage not to disclose confidential information. This part provides confidential information to the other party who is called the recipient. Confidentiality agreements facilitate confidential conversations between parties wishing to exchange information. B: return of information: clause contained in the confidentiality agreement at the request of the disclosed party in the method of providing confidential information. Recipients: The party to this confidentiality agreement, which directly or indirectly receives or receives confidential information and is therefore required not to disclose the confidential information contained in this agreement. the receiving party is responsible for any violation of this agreement. To protect confidential information, employers and employees often enter into confidentiality agreements (the NDA) (also known as confidentiality agreements) before an employee starts working. An NDA is a legally binding document in which one party agrees to disclose confidential information and, in return, the other party agrees to respect the confidentiality of the information it has received in the context of trade between the parties.

NDAs are available in various forms. It may be an intellectual property clause in a consulting agreement with an individual or service company, or a separate document in the form of a document. Companies often have a wide range of valuable intellectual property rights, such as trade secrets and confidential information such as technical information (usually known as „know-how“) and business information. Disclosure of this information to competitors or third parties who are not bound by the duty of confidentiality causes irreparable harm to the company`s business, as the confidentiality of the information is lost forever. In addition, in today`s digital age, confidential information can be disseminated very quickly on the internet. Duration of confidentiality: this is the period during which the signatory of the agreement agrees not to disclose confidential information for the duration of the contract. Variation: Defines the modification method used in the agreement, except in writing or other methods. Even after filing a patent application, it is advisable to have a confidentiality agreement. You can make the business decision that it is advantageous to make your patent application null and void and reapply.

However, this will not be possible if a non-confidential disclosure has been made in advance. Termination of contract: both parties agree on how the contract can be terminated, unless it is terminated by the agreement of both parties or a certain period after which the contract expires. Waiver: The waiver of the confidentiality agreement is a clause in the agreement that defines the path to the waiver of the agreement and is defined when the agreement is concluded. A confidentiality agreement can be reached if one party provides information to the other or if each party provides information to the other.