Confidential agreements, also known as a non-disclosure agreement is a written document stating all the conditions of employment and their secrecy dawned upon the employee. These agreements help organizations and employer in keeping trade secrets hidden from competitions or the business community.
Employees of an organization are well-aware of all the strategies followed, trade secrets, a list of clients, and other important facts about the organization that can ruin it if shared with a competitor or other businessman. These secrets are protected by confidentiality agreements that force an employee to keep all the matters related to the organization to them only even after the employment period is over and they move to another organization.
These confidentiality agreements are mostly managed by organizations with every employee to make sure their secrets remain intact even if the employees are no longer on their payroll. These agreements can be used in a court of law to hold the culprit accountable.
The template of a confidentiality agreement is provided below:
This agreement is drafted on the date (__/__/__) between the following parties,
Name: XYZ Company
Address: 23 Main Boulevard, California, USA.
Contact: 355 245-2445
Name: Joshua Hill
Address: 83 Heaven Road, California, USA.
Contact: 389 346-8393
Terms and conditions of confidentiality agreement are mentioned below,
Employee: Joshua Hill
Witness #1: Adam Gilbert
Witness #2: Richard Martin
File: Word (.docx) Size: 12 KB