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A non-circumvention agreement, also known as a non-disclosure agreement, is a legally enforceable agreement to protect a firm from being bypassed or circumvented by other parties participating in a commercial transaction. It guarantees that the company is fully compensated for its contribution.
What is a non circumvention agreement?
The non-circumvention clause blocks the recipient of the confidential information from passing over the disclosing party and contracting directly with the disclosing partys suppliers or clients, once the recipient has learnt their names, thereby damaging the disclosing party.
What is the difference between non compete and non circumvent?
A non-circumvention agreement ensures that the intermediaries who brought the buyer and seller together are not excluded from future negotiations, whilst a non-disclosure agreement is a contract by which a party receiving information from another party agrees to keep such information confidential.
What does circumvent mean in a contract?
Circumvent means to directly or indirectly, by or through any means, alter, avoid, disrupt, subvert, go around, or otherwise interfere with.
What is an example of circumvent?
Examples of circumvent in a sentence The problem in banking is that ingenuity is invested in schemes to circumvent regulation. The settlers swiftly found ways to circumvent all restrictions. The 32-year-old could move on an initial loan to circumvent the problem.
non circumvention agreement template
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MNPS Contract# 2-158009-02 Charter School Agreement - valorcollegiate
: to avoid being stopped by (something, such as a law or rule) : to get around (something) in a clever and sometimes dishonest way.
What does it mean if you circumvent something?
1. : to go around : bypass entry 2. 2. : to get the better of or avoid the force or effect of by cleverness. circumvented the rules.
non circumvention clause
Confidential Disclosure Agreements (CDAs)/NDAs
A Confidential Disclosure Agreement (CDA), also referred to as non-disclosure agreement (NDA) or secrecy agreement, is a legal agreement between a minimum of
A Non-Disclosure Agreement (NDA) or Confidentiality Agreement is a legal Contract that requires involved parties to keep certain information between them
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