Confidentiality Statement Example

Confidentiality Statement Example

Individuals and organizations prepare a confidentiality statement to safeguard their sensitive information. A confidentiality statement acts as legal binding between two or more parties who have partnered with each other. In this article, we have provided few examples of confidentiality statement.
Confidentiality statements, also known as non-disclosure agreements, are contracts which are prepared to safeguard the interests of an individual/company. These agreements ensure the protection of sensitive information.

Confidentiality agreements are used by individuals and entrepreneurs across the globe to protect sensitive information, such as inventions, business strategy, client database, compensation reports, etc. In case a company suffers loss or damage due to a breach of confidentiality agreement, it has the right to seek injunctive and claim compensation from the party who has breached the agreement.
Sample Confidentiality Agreement
This agreement is made on the ____________________, between:

______________________________________(company 1)

Address: _______________________________________

_______________________________________________

&

________________________________________(company 2)

Address: ________________________________________

________________________________________________

____________(company 1) has acquired information about the database of clients (hereinafter referred to as "information") from _________(company 2). To safeguard the privacy of the clients, both parties have agreed to the following terms and conditions.
  • The information will be used by ___________(company 1) in completing the project only. Use of information for any other purpose will be deemed as a breach of contract.
  • __________________(company 1) will not disclose to any person/organization that they are in possession of the information.
  • _______________(company 1) is bound to destroy or return the documents pertaining to the information within the time frame stipulated by _____________(company 2).
  • If the information is disclosed to a third-party, advertently or inadvertently, ______________(company 1) will be held responsible for the breach of contract and legal proceedings will follow.
  • This agreement is governed by the laws of the State of _____________________.
  • Both parties have read all the terms and conditions of this agreement and give their consent to its execution.

.........................................(company 1)

.........................................(company 2)

Date:
Address:

This agreement is legally binding contract between _______________(name 1), of _________________________________(address), and ________________(name 2), of ________________________________(address). The contract signifies a confidentiality agreement, and is initiated to safeguard the interest of ______________(name 1) and his client. Both parties agree to the following terms and conditions:
  • Confidential information consists of - relevant or related findings, interpretations of law, information of clients and related parties, accounts, financial information, plans, drawings, programs, models, patents, proposed patents, ideas, techniques, copyrights, personal information, business information, statutory or compliance related forecast.
  • Each party accepts that the disclosure of aforementioned items, for any benefit, will result into legal proceedings, loss of job, and a penalty. The disclosure cannot be made to any person, company, government organization, and media house. Such information can be disclosed only in case of official judicial interrogation after an issue of a warrant, under the pledge of court, and in the honorable presence of judge and people of the jury.
  • Each party accepts that this contract is legally binding and is signed in the interest of both parties.

Signature: ______________________________________

______________________________________________(name 1)

Signature: ______________________________________

______________________________________________(name 2)