When it comes to designing a new product, service or idea, confidentiality is key. If you`re working on a project that involves sensitive information, it`s important to protect it with a design confidentiality agreement. This document ensures that both parties involved in a design agreement understand the terms of confidentiality and agree not to disclose any sensitive information to third parties.
To help you get started, we`ve put together a design confidentiality agreement template that you can customize and use for your own projects.
What is a Design Confidentiality Agreement?
A design confidentiality agreement, also known as a non-disclosure agreement (NDA), is a legal document that ensures the confidentiality of information shared between two or more parties. This type of agreement is commonly used in the design industry, where designers work with clients to create new products, services or ideas.
The purpose of a design confidentiality agreement is to prevent the unauthorized disclosure of confidential information, such as trade secrets, intellectual property, and other sensitive information. By signing the agreement, both parties agree to keep the information confidential and not to disclose it to anyone else without permission.
Design Confidentiality Agreement Template
[Company] and [Designer] agree to the following terms and conditions with respect to the confidentiality of certain proprietary information and trade secrets that may be disclosed between them.
1. Definition of Confidential Information
The term «Confidential Information» shall mean any and all information, whether disclosed in writing, orally, or by any other means, that is designated as confidential by either party and that relates to the disclosed information, production methods, trade secrets, processes, ideas, inventions, or any other information that the parties designate as confidential.
2. Obligation of Confidentiality
Both parties agree to maintain the confidential nature of the Confidential Information and not to disclose the information to any third party without the other party`s prior written consent.
3. Ownership of Confidential Information
All Confidential Information disclosed under this agreement shall remain the exclusive property of the disclosing party. The receiving party shall not use or disclose the Confidential Information for any purpose except as expressly permitted under this agreement.
4. Term of Agreement
This agreement shall remain in effect for a period of [number] months/years from the date of signing unless terminated earlier by mutual consent of the parties or by written notice by either party.
5. Remedies for Breach
In the event of a breach of this agreement by either party, the other party shall be entitled to seek injunctive relief and any other remedy available under the law.
6. Governing Law
This agreement shall be governed by and construed in accordance with the laws of the [State/Country] without regard to its conflicts of law principles.
7. Entire Agreement
This agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous communications and agreements relating to such subject matter.
In Conclusion
A design confidentiality agreement is an essential tool for protecting your sensitive information in the design industry. By using the template above, you can create a legally binding agreement that ensures your confidential information stays safe. Remember to consult with a legal professional to ensure your agreement meets all necessary legal requirements.