Confidential Agreement between Employee & Organization

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:

Sample Template

This agreement is drafted on the date (__/__/__) between the following parties,

Organization

Name: XYZ Company
Address: 23 Main Boulevard, California, USA.
Contact: 355 245-2445

Employee

Name: Joshua Hill
Address: 83 Heaven Road, California, USA.
Contact: 389 346-8393

Terms and conditions of confidentiality agreement are mentioned below,

  1. This agreement shall commence from date (__/__/__) and should be taken seriously under every condition and situation.
  2. Employee will be required to keep trade secrets of the organization to themselves.
  3. All the meetings regarding new product or services will be concealed from public.
  4. Client list of the organization will not be disclosed to anyone either competitors or non-competitors.
  5. During employment, employees will be held accountable if any trade secret or strategy is revealed in the business community.
  6. Employees are not allowed to take any equipment or resources of the organization to any other place as they are the property of employer.
  7. All the electronic gadgets, notebooks and books will not be removed from the organization premises as they are the property of the employer.
  8. After the employment period is over, employee will be allowed to search for the suitable job in any organization other than the competitors.
  9. This agreement will be valid for a period of two years after the resignation of employee.
  10. Employee will not be allowed to use confidential information for starting their own business or setting up someone’s business.
  11. Employees should agree to keep the confidential information to themselves and do not share it with anyone directly or indirectly.
  12. If employee is involved in plotting a scheme against the organization, then he will be held accountable and punished as prescribed by the state law.
  13. Presence of legal counsels is important during the agreement preparation to ensure that all parties involved are aware of their rights.
  14. Witnesses should be present to ensure the smooth running of operations.

XYZ Organization

___________________

          Signature

Date: __/__/__

Employee: Joshua Hill

__________________

       Signature

Date: __/__/__

Witness #1: Adam Gilbert

____________________

      Signature

Date: __/__/__

Witness #2: Richard Martin

______________________

       Signature

Date: __/__/__

Confidential Agreement between Employee & Organization

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