How To Use
This review list is provided to inform you about this document in question and assist you in its preparation. This agreement is intended for parties involved in intense negotiations when extremely confidential information is exchanged in order to attempt to effect a transaction. When these transactions do not occur, the outside party has a substantial amount of confidential information that is potentially an advantage for them and a disadvantage for the other party. This agreement attempts to rectify some of that; however, these agreements have limited enforcement value and should not be unduly relied upon for recompense.
- Make multiple copies. Give one to each signatory. Put one in each related file.
Nondisclosure and Noncircumvention Agreement
____________________________, referred to as COMPANY, and ____________________________, referred to as RECIPIENT, agree:
The parties intend to engage in substantive negotiations and discussions regarding certain new and useful business opportunities, trade secrets, economic studies, inventions and scientific information.
Upon request RECIPIENT shall return all tangible documents or documents disclosed by COMPANY which are subject to this agreement. Further, RECIPIENT upon such return shall destroy and all copies of the same and will, upon request of the COMPANY execute an affidavit of compliance in a form acceptable to the COMPANY verifying the destruction and full compliance with this agreement.