Non-Disclosure Agreement Template for Professional Services: What You Need to Know
When it comes to professional services, confidentiality is often crucial. Clients trust you with sensitive information, and you need to protect it as best you can. A non-disclosure agreement (NDA) is an essential tool for ensuring that both parties understand their responsibilities when it comes to confidentiality.
An NDA, also known as a confidentiality agreement, is a legal agreement between two parties where one or both parties agree not to disclose certain information. This agreement can be unilateral or mutual, depending on the needs of the parties involved. A non-disclosure agreement is a simple yet powerful tool that protects the interests of both parties, so it is important to get it right.
When drafting an NDA, it is vital to ensure that the agreement is comprehensive and covers all potential risks. To help you get started, we have prepared a non-disclosure agreement template for professional services that you can use as a starting point.
Before diving into the template, here are some things to keep in mind:
1. Identify the information that needs to be protected: It is essential to identify what information needs to be protected and clearly define it in the agreement.
2. Parties involved: The parties involved in the agreement must be identified, including their full legal names and addresses.
3. Terms and conditions: The terms and conditions of the agreement must be clearly defined, including the duration of the agreement, the scope of the confidential information, and any exclusions.
4. Penalties for breach: The penalties for breach of the agreement must be clearly outlined, including the legal remedies available to the aggrieved party.
With these considerations in mind, let`s take a look at our non-disclosure agreement template for professional services:
[Company Name] Non-Disclosure Agreement
This Non-Disclosure Agreement (“Agreement”) is made between [Client Name] (“Client”), and [Service Provider Name] (“Service Provider”).
1. Confidential Information
The parties agree that confidential information (“Confidential Information”) will be disclosed as part of the professional services provided by Service Provider to Client.
2. Restrictions on Use and Disclosure
Service Provider agrees not to use or disclose the Confidential Information except for the purposes of providing professional services to Client.
The obligation of confidentiality shall not apply to information that:
a. was known to the receiving party prior to receipt from the disclosing party;
b. is or becomes public knowledge without breach of this Agreement;
c. is obtained from a third party without any obligation of confidentiality;
d. is required to be disclosed by law.
The obligations of this Agreement shall survive the termination of the professional services agreement between the parties and shall continue for a period of [insert number] years from the date of termination.
5. Penalties for Breach
The parties agree that any breach of this Agreement will cause irreparable harm to the non-breaching party and that the non-breaching party shall be entitled to seek injunctive relief, as well as any other legal remedies available to it.
6. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of the [insert state or country]. Any dispute arising out of or in connection with this Agreement will be settled through arbitration in accordance with the rules of the [insert arbitration body], and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
7. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior or contemporaneous agreements, whether written or oral.
By signing below, the parties agree to be bound by the terms of this Non-Disclosure Agreement.
[Client Name] [Service Provider Name]
Date: ___________________ Date: ____________________
In conclusion, a non-disclosure agreement is an essential tool for protecting confidential information in professional services. When drafting a non-disclosure agreement, it is vital to ensure that the agreement is comprehensive and covers all potential risks. Our non-disclosure agreement template for professional services is an excellent starting point for creating a robust agreement that protects the interests of all parties involved.