Privacy Agreement United Kingdom | Free pattern

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Also known as non-disclosure agreement, a confidentiality agreement is used to protect sensitive information from disclosure by third parties. Here’s what should be in there, along with a free non-disclosure agreement template for your business.

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Confidentiality Agreement Template – Free Word Download

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What is a confidentiality agreement?

A confidentiality agreement is a legal document that defines how information can be shared confidentially. These can be potential partners and investors, advisors, contractors you work with, or people you employ in your business.

Let’s say you’re working on a new business idea and talking with a financial advisor, a confidentiality agreement can be put in place to protect your plans and keep your invention or design a secret.

You might also find our guide to intellectual property useful.

What does confidential information cover?

“Confidential” means unpublished, not disclosed outside the company, or otherwise not available to the public or the public.

This may be confidential proprietary information relating to your business, for example:

  • Commercial activities

  • clients

  • clients

  • Suppliers

  • projects and intentions

  • market opportunities

It may also include confidential operations, processes, product information, knowledge, technical information, designs, trade secrets and software. Beyond that, it could cover insights, findings, data or analysis from the Confidential Information.

How it works?

The confidentiality agreement takes effect from the moment it is signed by all parties. If one of the parties breaks the agreement, it exposes itself to legal proceedings or fines.

Sometimes it may not be clear whether something disclosed by the other party should be kept confidential. If so, it is always a good idea to treat it as confidential unless confirmed in writing by the owner of the information or material.

What is an NDA?

An NDA, or non-disclosure agreement, is a type of confidentiality agreement.

There are two types of NDA: unidirectional and mutual. A one-way NDA is used when you are the only one disclosing confidential information, while a mutual NDA is needed when both parties share information.

Here are some examples of when you might use an NDA:

How to use our UK confidentiality agreement template download

Our confidential agreement template, made available to you in collaboration with our partner Farillio, is an editable letter of agreement in Microsoft Word format.

It’s ready to use for your business, you just need to add specific details:

You and the other parties will need to sign this document to agree to its terms. The signed contract must then be returned to you.

The model confidentiality agreement describes the goal at the origin of the agreement, as well as limitation of obligations. There are also sections on how you return confidential informationas good as how to terminate the contract if you or another party needs it.

This is an example of a confidential agreement. You may want to get legal advice on developing a model NDA that is right for your business. As business law is a complex and important subject to master, be sure to seek legal advice if you are unsure.

Legal models provided by experts

Farillio is a business resource website that offers customizable and downloadable legal documents for small businesses.

Small businesses have legal responsibilities, but often don’t have the resources for an in-house legal team. Farillio’s resources are designed to help you fill that gap.

Discover other free guides designed in partnership with Farillio:

Do you have questions about our model confidentiality agreement? Let us know in the comments.

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