There are
many shapes of confidentiality agreements. The reason is that the local laws
regarding these agreements differ from place to place. Similarly there are
different practices in different areas of the world in the similar manner. There
are many names used for these kinds of agreements at different places around
the world. Some of the commonly used names of confidentiality agreements are:
·
- Secrecy agreements
· - Non-disclosure agreements
·
- Proprietary information agreements
- Confidential disclosure agreements
All of
these agreements are almost the same in their essence and they are all in
professional use by various organizations around the world. They are legally
enforceable and challenge able in most of the courts around the world. The
terms of these agreements play vital role because at most of the places the
terms of such agreements are given preference over the local laws. The courts
decide the disputes according to the terms of these agreements in most of the
cases as the local laws give them importance and preference.
Confidentiality
agreements can be signed between any kinds of parties. The parties signing
confidential agreements can belong to one organization and they can be from different
organizations entering into a single project or venture. No matter whatever the
form of a confidential agreement is it gives fruitful results at the end of
day. There is no harm of entering into one such agreement whenever the
confidential information or data is at stake.
