Non-Disclosure Agreement (One Way)
A Non-Disclosure Agreement allows you and another party to share confidential information while legally forbidding the other party from disclosing that information to any other person or entity. Customisable and ready for use in under 5 minutes.Get 1st document free
A Non-Disclosure Agreement is a legal document that you can use to disclose confidential information to another party, while legally forbidding the recipient from disclosing that information to any person or entity. This document is only enforceable if it is signed by you and the other party, therefore it is crucial that it is signed before you share any confidential information to keep ownership. A One-Way NDA protects only one party compared to a Two-Way NDA. If you are seeking to protect the information of both parties, see our Non-Disclosure Agreement (Mutual).
Use this Non-Disclosure Agreement (One Way) if:
- You would like to put restrictions on the use of confidential information (Ensure it doesn't reach competitors or other third parties);
- You would like to maintain secrecy of information when working with a new employee;
- You would like to protect confidential information including intellectual property, financial projections, customer lists and trade secrets;
- You would like to protect the confidential information of one party.
What does the Non-Disclosure Agreement (One Way) cover?
- A description of the confidential information;
- Confidential rights and obligations of the parties;
- Protection of sensitive information;
- Return of confidential information at the end of the agreement;
- Obligations regarding proper use of the information; and
- Circumstances where disclosure is permitted.
What happens if a Non-Disclosure Agreement (One Way) is breached?
When the time of disclosure is during the time period specified before the termination of this agreement. If both parties have expressed consent prior through signature, the NDA is a binding legal contract that outlines a confidential relationship between the vendor/suppliers and the other party. Therefore, when a breach or violation occurs, you are able to claim rights in dispute against the violating disclosing party. These rights are outlined in the provisions of this agreement - some specifications include; an injunction, damage for loss, court order. The most commonly found right is if an employee breaches an NDA with a business/business owner then the employee can be immediately terminated.
What type of information can be covered in a Non-Disclosure Agreement (One Way)?
Subject matter in the entire agreement is broad and can be customised to your needs. Common information that can be covered is inclusive of but not exhaustive to; patents, copyrights, financial information, customer lists, trade secrets. You can use this Lawpath template as a base and then customise the document accordingly.
Other names for Non-Disclosure Agreement (One Way) include:
- Confidentiality Agreement;
- Confidential Disclosure Agreement (CDA);
- Proprietary Information Agreement (PIA);
- Secrecy Agreement (SA);
- Confidentiality Contract; and
- Gag Order.
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