Non-Disclosure Agreement (One Way)

What is a non-disclosure agreement (one way) and do you need one?

A non-disclosure agreement (one way) or NDA is a legal contract between two or more parties that outlines confidential materials that party wish to share to the other party but wish to restrict access or forbid the other party from disclosing that confidential materials to any other party.

If you wish to protect the confidential materials of both parties, you should use a non-disclosure agreement (mutual/ two way) . 

You should always have a non-disclosure agreement (one way) if:

• You would like to disclose confidential information;
• You would like to prevent your confidential information from falling into the wrong hands;
• You would like to protect the confidential information of one party.

Other names for non-disclosure agreement (one way):

• Confidentiality agreement;
• Confidential disclosure agreement;
• Secrecy agreement.

What does the non-disclosure agreement (one way) cover?

• Details of parties to the agreement;
• Definition of confidential information;
• Confidential rights and obligations of the parties;
• Exclusions from confidential information;
• Protection of sensitive information;
• Return of confidential information at the end of the agreement;
• Obligations regarding proper use of the information;
• Circumstances where disclosure is permitted;
• Time periods involved.

If you want to learn more about non-disclosure agreement (one way), customizing legal documents, establishing your company, Plato’s electronic signature service - or if you’d like a fixed fee quote from Indonesia’s best pre-vetted lawyers, for your specific budget and legal needs - contact the Plato team today at +62 21 2988 7964!