Rotate Pages Customer Confidentiality Agreement

Aug 6th, 2022
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How to Rotate Pages Customer Confidentiality Agreement

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In this video tutorial, Ron from Ronald Rohde Law discusses a confidentiality agreement tailored for listing brokers to share with potential purchasers of commercial real estate. He emphasizes the importance of including basic information, such as the property address and broker details, in the document. The tutorial highlights the prevalence of electronic signatures in these agreements, noting that about 99% are now automated. Spencer Burton introduces Ron as the legal contributor from ACR, and they aim to provide insights into this commonly used legal document in real estate transactions.

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I agree to treat as confidential all information about clients or former clients and their families that I learn during the performance of my duties as (position title), and I understand that it would be a violation of policy to disclose such information to anyone without checking first with my
In general, recipients of confidential information are subject to an affirmative duty to keep the information confidential, and not to disclose it to third parties except as expressly permitted by the agreement. The recipients duty is often tied to a specified standard of care.
A receiving Party may disclose Information of the disclosing Party if the receiving Party obtains the disclosing Partys prior written consent to disclose the identified information.
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.
Notwithstanding the foregoing, Confidential Information shall not include information or material that (i) is publicly available or becomes publicly available through no action or fault of the recipient party, (ii) was already in the recipient partys possession or known to the recipient party prior to being disclosed
The agreement will name the party or parties involved, the items subject to non-disclosure, the duration of the agreement and the obligations of the recipient(s) of confidential information.
As with any contract, a nondisclosure agreement can be legally broken or ended. For example, the agreement might not be legally enforceable, in which case you can break it because youll win a lawsuit. Alternately, you might negotiate with the other party to end the agreement early.

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