Description
The purpose of this contract, of which there are a great many variations and which can also be called a confidentiality agreement, is to afford one party to the agreement, who is the owner of proprietary and confidential information some protection in circumstances where it must disclose such information to another third party for some specific purpose. Typical examples include disclosure of software or new applications (“Apps”) by one party so that the other party can for example, evaluate whether it will operate with their system, device, network or website; or if one party is the owner of an idea or invention which it needs to disclose to the other in order for that other party perhaps to advise on the performance of the same with the other party’s products or business or to produce a sample or prototype product; or the information may need to be disclosed merely to evaluate the product either before it is released on the market or for the purposes of undertaking to provide support services for the product.
There are literally hundreds of examples that can be given, but in this contract only one of the parties is disclosing information. Where both parties need to disclose confidential information, see Contract 47.
