What are the terms of a confidentiality undertaking?

Each Party undertakes to treat, and shall procure that its Affiliates and their respective Representatives treat, Proprietary Information strictly confidential and refrain from disclosing it to any third parties, unless such disclosure is explicitly permitted by this Agreement. Confidentiality Undertaking.

When does the 5 year confidentiality period start?

Contrast that clause with this clause from Microsoft’s Confidentiality Agreement for Licensing Discussions where the five year period of confidentiality starts not from the date of the agreement but from the date that the disclosure is actually made:

What happens to confidentiality if an agreement is terminated?

This means that even if the agreement is terminated just seven days after the date of execution, the Receiving Party still has to keep confidentiality of any disclosed confidential information for the remaining five year period.

When does confidentiality start in a NDA agreement?

This means that if the first disclosure is made only thirty days from the execution date of the agreement, the timing for confidentiality only starts from the date that the disclosure is made, not from the date of the execution of the agreement. There’s also a type of NDA that does not have a specified end term for confidentiality.

What kind of personal information is not confidential?

Your own personal information, unrelated to work, is NOT confidential. – Information related to your own personal life, not related to your work, including your residence, family, hobbies, education, certifications, and civic and charitable participation, are clearly not subject to your duty of confidentiality to your employer.

What is not subject to the duty of confidentiality?

– Information related to your own personal life, not related to your work, including your residence, family, hobbies, education, certifications, and civic and charitable participation, are clearly not subject to your duty of confidentiality to your employer.

What happens if you sign a non-competition agreement?

What happens if your company is sold or you are laid off. Many employees signing non-competition agreement find themselves bound by that agreement after they are laid off or their employer merges with or is acquired by another company.

Can a non compete agreement last for eternity?

What that means is that you are not going to a persuade a court to enforce a non-compete that lasts for eternity and prohibits an employee from working anywhere in the Milky Way galaxy. They will enforce an agreement that prohibits competition for 1,2 or 3 years in the geographic location where a company actually does business.