A confidentiality agreement template, also known as a non-disclosure agreement, is a legal document that helps protect sensitive information shared between two parties. SHRM, or the Society for Human Resource Management, offers a template that employers can use to protect their confidential information.
Why Use a Confidentiality Agreement Template?
In any business relationship, information is exchanged. This includes information about clients, projects, financials, and more. It is essential to keep this information confidential and prevent it from getting into the wrong hands. A confidentiality agreement template helps ensure this happens.
By using a template, employers can create a legally binding document that outlines what information is confidential and how it can be used. This document can be used to protect information shared with employees, contractors, partners, and anyone else who may have access to confidential information.
What Does the SHRM Confidentiality Agreement Template Include?
The SHRM confidentiality agreement template is a comprehensive document that covers all the essential elements of a confidentiality agreement. The template includes the following sections:
1. Definition of Confidential Information: This section outlines what information is considered confidential and how it should be treated.
2. Exclusions: This section outlines what information is not considered confidential and can be shared freely.
3. Obligations of Receiving Party: This section outlines what the receiving party is obligated to do to protect the confidential information.
4. Term and Termination: This section outlines when the agreement begins and when it will end.
5. Remedies for Breach: This section outlines what remedies are available if either party breaches the agreement.
6. Governing Law: This section outlines what law is used to govern the agreement.
7. Signatures: This section is where both parties sign the agreement.
How to Use the SHRM Confidentiality Agreement Template
Using the SHRM confidentiality agreement template is easy. Simply download the template and fill in the necessary information. Be sure to read through the template and make any necessary changes to fit your particular situation.
Once the template has been filled out, both parties should sign the agreement. It is recommended that each party keeps a copy for their records.
A confidentiality agreement template is essential for any business that wants to protect its sensitive information. The SHRM confidentiality agreement template is a comprehensive document that covers all the necessary elements of a confidentiality agreement. By using this template, employers can create a legally binding document that helps ensure their confidential information is protected.