Recipient

The legal template titled "Konfidencialumo sutartis (Confidentiality agreement) - EN - 20181111 under UK law" is a document that sets out the terms and conditions regarding the protection of confidential information in a business or professional relationship. This agreement is designed to be used in the United Kingdom and is written in English.

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.