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NDA For Consulting Services
"I need an NDA for Consulting Services to protect our proprietary trading algorithms and financial data as we bring on a technology consultant from Silicon Valley to upgrade our systems starting March 2025."
1. Parties: Identification of the consulting service provider and the client, including legal names and addresses
2. Background: Context of the consulting relationship and purpose of the NDA
3. Definitions: Key terms including 'Confidential Information', 'Trade Secrets', 'Proprietary Information', etc.
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Receiving Party: Duties to maintain confidentiality and permitted uses of information
6. Term and Termination: Duration of the agreement and confidentiality obligations
7. Return of Confidential Information: Requirements for returning or destroying confidential materials
8. Governing Law: Jurisdiction and applicable law
1. Non-Competition: Restrictions on competitive activities - include when protecting against competitive threats is crucial
2. Non-Solicitation: Restrictions on soliciting employees or clients - include when protecting relationships with employees/clients is important
3. Residual Knowledge: Treatment of information retained in memory - include when dealing with technical or complex consulting services
4. Independent Contractor Status: Clarification of relationship between parties - include when consultant's status needs to be clearly defined
1. Schedule A - Scope of Services: Detailed description of consulting services to be provided
2. Schedule B - Specific Confidential Information: List of specific materials or information deemed confidential
3. Schedule C - Authorized Representatives: List of individuals authorized to receive confidential information
4. Schedule D - Security Protocols: Specific procedures for handling confidential information
Authors
Confidential Information
Trade Secrets
Proprietary Information
Consultant
Client
Services
Authorized Representatives
Intellectual Property Rights
Permitted Purpose
Disclosing Party
Receiving Party
Term
Effective Date
Representatives
Affiliates
Work Product
Deliverables
Business Day
Material Breach
Non-Disclosure Obligations
Confidentiality Period
Residual Information
Third Party
Proprietary Materials
Termination Date
Non-Disclosure
Term and Termination
Permitted Use
Return of Materials
Non-Competition
Non-Solicitation
Intellectual Property
Security Measures
Breach and Remedies
Indemnification
Assignment
Severability
Governing Law
Jurisdiction
Notices
Amendment
Waiver
Force Majeure
Entire Agreement
Survival
Third Party Rights
Data Protection
Residual Knowledge
Independent Contractor Status
Dispute Resolution
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