Konfidencialumo sutartis (Confidentiality agreement) - EN - 20181111
Publisher one
Ellex LithuaniaSource file
Jurisdiction
LithuaniaContract party
Relevant sectors
Type of legal document
🤐 One Way NDABusiness activity
Protect confidential informationA one-way non-disclosure agreement is a contract between two parties in which only one party is obligated to keep information confidential. This type of agreement is typically used when only one party has access to sensitive information, such as trade secrets or proprietary information. The party receiving the confidential information is typically bound by the terms of the agreement not to disclose it to anyone else.
The confidentiality agreement is a legally binding contract that establishes the obligations and responsibilities of the parties involved in the agreement, typically referred to as the "Disclosing Party" and the "Receiving Party". The purpose of this agreement is to ensure that any sensitive information disclosed by the Disclosing Party to the Receiving Party remains confidential and is not shared or misused without prior consent.
The template outlines the definition of confidential information, which may include trade secrets, financial data, intellectual property, proprietary technology, customer information, and any other information that is not publicly available. It also includes provisions regarding the duration of the confidentiality obligations, restrictions on disclosure, and the consequences of a breach of the agreement.
Additionally, the template may address circumstances under which the Receiving Party may be required to disclose confidential information, such as in compliance with a court order or legal obligation. It may also provide for the return or destruction of confidential information upon termination of the agreement.
Overall, this legal template helps businesses and individuals establish a framework for protecting their confidential information, safeguarding their competitive advantage, and ensuring compliance with UK laws and regulations related to confidentiality.
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The template will likely include sections that provide details about the nature of the dispute, the parties involved, and the agreement reached through the mediation process. It may also outline the terms and conditions of the agreement, such as any financial compensation, changes in employment terms, or structural adjustments.
Additionally, the template may include provisions for a Personal Development Plan (PDP) to be implemented as part of the settlement. The PDP would likely outline specific actions and goals agreed upon by both parties to facilitate the employee's personal growth, professional development, and potential remedial actions to address any concerns raised during the mediation process.
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