Should an NDA have an expiration date?
No Expiration Dates So long as they are kept secret, trade secrets do not expire. Likewise, the confidentiality obligations in an NDA should have no expiration date.
What is an example of confidentiality?
Examples of confidential information are: Names, dates of birth, addresses, contact details (of staff, clients, patients, pupils, etcetera). Personal bank details and credit card information. Images of staff, pupils or clients that confirm their identity and can be linked to additional personal information.
Can you backdate a confidentiality agreement?
Confidentiality agreements are sometimes put in place at a later date than the date they are actually drafted thus memorializing a prior agreement. Again, backdating of such an agreement is entirely appropriate.
What is the standard NDA confidentiality period?
Confidentiality agreements can run indefinitely, covering the parties disclosures of confidential information at any time, or can terminate on a certain date or event.
What is the wording of confidentiality agreement?
I acknowledge that all Information is strictly confidential and I agree that I shall not reveal to any person or entity, or use any Information at any time, except as expressly directed by [firm], or as may be required by law.
What is a good confidentiality statement?
Here is a common example: CONFIDENTIALITY NOTICE: This message and any accompanying documents contain information belonging to the sender which may be confidential and legally privileged. This information is only for the use of the individual or entity to which it was intended.
Can NDA have no termination date?
In some cases, an NDA may have no expiration date, and the confidential information must be kept secret indefinitely. Its important to note that even if an NDA has expired, the recipient may still have obligations to maintain confidentiality under other laws or agreements.
What voids a confidentiality agreement?
Language that is too broad, unreasonable or onerous can void an agreement. Courts will also challenge or invalidate agreements that are overly expansive, oppressive or try to cover non-confidential information. Subsequently, if the information becomes public knowledge, an NDA can no longer be enforced.
What is the standard clause of confidentiality?
A confidentiality clause binds parties to nondisclosure of proprietary or confidential information within the larger confines of a contract or agreement. Its scope is generally limited in time and type of information.
What is an example of a confidential document?
What are examples of Confidential Information? Examples of confidential information include a persons phone number and address, medical records, and social security. Companies also have confidential information such as financial records, trade secrets, customer information, and marketing strategies.