Non-disclosure Contract is contract in which two or more then two parties that outlines, knowledge and procedure wish to share with one another and restrict to disclose on any third party and the format which is used to prepare is called Non-disclosure contract template or non-disclosure agreement template. It is a document through which parties not to disclose information covered by the contract. When both parties sign this contract, they both bound not to share company’s secret information and knowledge to third parties. A non-disclosure contract template is most important for companies to protect their productions methods and any other secrets that may effect on company’s turnover. This contract should not be oral, and must sign by parties.
Here are few things that you must know about a non-disclosure contract. A non-disclosure contract, after acceptance from both or all parties cannot be put aside by all or any party. There are terms and conditions which govern the performance of contract. In case of any dispute, all parties can reach to someone as declared by contract to make decision on behalf of them. Moreover, the burden of proof is the duty of complaining party. There are circumstances where affecting party didn’t proof the violation made by other party and have to bear the aftereffects. Therefore, it is very critical to view the contract thoroughly to avoid any possible loss due to terms and conditions. We are presenting non-disclosure contract template with the view to help you in deciding what layout and terms and conditions you must choose to stay safe.