Confidentiality Letter
If you have some information that you need to share with another party but you don’t want them to pass this information to anyone else then you need a confidentiality letter. This template will provide a legal contract that explains the regulations and rights of the parties that enter into the confidentiality letter. This is especially helpful when you have a business that must be protected. If you are developing a new product and must get estimates or a prototype made, you don’t want your information to be used anywhere else.
By entering into a confidentiality agreement you can share this information knowing that you have a binding contract which restricts the party or parties from disclosing your information.
The confidentiality letter is often a standalone agreement, where for example one party would disclose information that can’t be shared without the consent of the other party’s knowledge and acceptance. Another type of confidentiality letter would be a secondary or ancillary confidentiality letter. This would be used when one party is trying to sell a business. Both parties would sign the confidentiality letter so that any information exchanged during the negotiating period would be kept strictly confidential.
We offer the confidentiality letter in two forms. The first template is a one way agreement or a unilateral confidentiality agreement. This first template would be used if just one party has to restrict the information that is provided. An example of the need for this type of confidentiality letter would be if someone has an invention they want to get to market. This person could need investors in the project or someone to manufacture the item. In both instances the knowledge of the product and how it works needs to be protected.
A second template or reciprocal confidentiality letter could be used where the relationship will be ongoing. This agreement explains that both parties must keep the information from being shared with anyone other than each other.
One of the benefits of purchasing the confidentiality letter from our web site is that you can use the document again and again. The template is downloadable to your computer so it may be used as many times as you need it. If you are developing new products or technology you will need to use this confidentiality letter more than once as new information comes to light.
We make sure that when you purchase our confidentiality letter that it is current and will always be current whenever you purchase them. The laws do change though, and if it does you can be assured that we shall notify you if any changes to the law affect your template or confidentiality letter that you may have purchased. Should you decide that the best option for you is to purchase the subscription you have access to all of the document templates in this category. If any changes do occur throughout your subscription we will automatically inform you of any updated templates as well as receive them.
At this time there is no confidentiality law in the UK so having the protection of a confidentiality letter is imperative. Don’t disclose any information in writing or verbally before you have the confidentiality letter signed by all the parties involved. Without the confidentiality letter anything you tell someone can be discussed without your permission as there are no laws stating any different. Don’t confuse the growing privacy law in the UK that applies to photos or images with the passing of information as the two are not the same at all. If you want to keep your information secret between parties a confidentiality letter is definitely needed.
This is the only way that you can be assured of keeping things confidential.
You may wonder if the confidentiality letter will be useful for your specific needs. The answer is yes, because our templates are customisable. They can be adapted for your situation and reused as often as necessary. Browse this web site for all of your confidentiality agreement needs.