”an agreement by which a person (para. B an employee) agrees to keep the information confidential (. B a trade secret)” – embezzlement of MW funds – theft or illegal disclosure of trade secrets. Evaluation Agreement – A contract in which one party promises to submit an idea and the other party promises to evaluate it. After the evaluation, the evaluator will enter into an agreement to exploit the idea or promises not to use or disclose it. Unilateral Agreement – In this method, only one (1) party discloses secret information (generally referred to as the ”Disclosing Party”) and the other person or company (the ”Receiving Party”) will know so. This is the most popular type of agreement and is used when companies hire new employees, for companies that share their business plans, for doctors who protect their patients` information, and much more. A non-disclosure agreement or ”NDA” allows 1 or more parties to share confidential information such as trade secrets, the disclosure of which to a 3rd party is prohibited. If one of the related parties breaks a confidentiality agreement, the party who disclosed or used the information for their personal benefit may be held liable for financial damages. Business Associate (HIPAA) NDA – Obligation of confidentiality for each individual or company (”Business Partner”) when accessing protected health information (PHI). If you want to discuss a potential partnership, license agreement, or other business agreement with someone, you must have the person sign a non-disclosure agreement (NDA) before disclosing your confidential information.

This type of contract is also known as a confidentiality agreement. It is about protecting ideas, proprietary information or trade secrets from access to competitors or the public. If confidential ideas or information can flow in both directions between the two parties, which means that each party has information that it wants to protect, you must sign a mutual confidentiality agreement (also called a ”bidirektiona” or ”bilateral” confidentiality agreement). Once the parties have been determined, determine which confidential information is protected by the non-disclosure agreement. The core of a non-disclosure agreement is a statement that establishes a confidential relationship between the parties. The statement shall specify the obligation of the receiving party to treat the information confidentially and to restrict its use. Often, this obligation is set out in a sentence: ”The receiving party shall retain and maintain the other party`s confidential information as strictly confidential for the sole benefit of the disclosing party.” In other cases, the provision may be more detailed and include feedback obligations. A detailed determination can be found below. Your relationship with the receiving party is usually defined by the agreement you sign. For example, an employment, license or investment contract.