Mutual Confidentiality Agreement Traduction

An NDA can also be called a confidentiality agreement. A confidentiality agreement is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that the sensitive information they may receive will not be shared with others. The use of confidentiality agreements increased in India and was subject to the Indian Contract Act 1872. In many cases, the use of an NOA is essential, for example. B to hire employees who develop patentable technologies when the employer intends to apply for a patent. Confidentiality agreements have become very important due to the growth of the Indian outsourcing industry. In India, an NDA must be stamped to be a valid enforceable document. Confidentiality agreements are common for companies that enter into negotiations with other companies. They allow parties to exchange sensitive information without fear that it will end up in the hands of competitors.

In this case, it can be called a reciprocal confidentiality agreement. Such agreements are often also required by new employees when they have access to sensitive company information. In such cases, the employee is the only party to sign the contract. A non-disclosure agreement[1] (1] (“NDA”) is a contract between two entities that commits one of these entities to keep certain information confidential that the other will be brought to the public. The agreement may also be “mutual”, i.e. both entities undertake not to disseminate certain information exchanged. In California (and some other U.S. states), there are special circumstances regarding confidentiality agreements and non-compete clauses. California`s courts and legislatures have indicated that they value the mobility and entrepreneurship of a worker in general more than protectionist doctrines. [7] [8] A multilateral NOA can be beneficial, as the parties concerned only verify an agreement for implementation and implementation.

This advantage can, however, be offset by more complex negotiations, which may be necessary to enable the parties concerned to reach a unanimous consensus on a multilateral agreement. It is a contract by which the parties agree not to disclose the information covered by the agreement. An NDA creates a confidential relationship between the parties, usually to protect any type of confidential information and business owners or secrets. Therefore, an NDA protects non-public business information. Like all contracts, they cannot be enforced if contractual activities are illegal. NDAs are often signed when two companies, individuals or other companies (for example. B, partnerships, companies, etc.) plan to conduct transactions and must understand the processes used in the other entity`s activities to assess the potential business relationship. NDAs can be “reciprocal,” meaning that both parties are limited in their use of the materials provided or may limit the use of the material by a single party. An employee may be required to sign an NDA or NOA agreement with an employer to protect trade secrets. Indeed, some employment contracts contain a clause limiting the use and dissemination of confidential information held by companies. In settlement disputes, parties often sign a confidentiality agreement on the terms of the settlement. [1] [2] Examples of this agreement are the Dolby Brand Agreement with Dolby Laboratories, the Windows Insider Agreement and the Community Feedback Program (CFP) with Microsoft.