Force Majeure Clause In Non Disclosure Agreement

If the parties (and their lawyers) know what they want to accomplish, a mid-page shopping list is rarely necessary. Perhaps the problem is that once someone tried to develop an agreement that could really be a standard for everyone. Semiconductor topologies may be legally protected, but I bet they don`t apply to more than 0.001% of the people who read them. Confidentiality agreements usually contain a legal choice clause that establishes that the law of the state controls the disclosing party. Without good reasons and exceptionally strong bargaining, the receiving party is unlikely to induce the disclosed party to accept the application of the law of another State. However, if both parties disclose confidential information or if the party has multiple sites, there may be a choice when designating the law. Therefore, parties should review the law of potential States in order to fully understand any restrictions or benefits that each State may grant to the rights and obligations of the parties. A confidentiality agreement should contain a clause obliging the party receiving confidential information to exercise a certain degree of diligence in dealing with confidential information. While some agreements provide that the receiving party must take appropriate measures to keep the information confidential, others require specific measures to protect the information, for example. B to keep them in a safe place or, if they are available electronically, to save them by one or two password-protected security steps. There could also be restrictions on who can access the information and for what reason.