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To explain the responsibilities of each party.

This is one of the most common situations when this type of agreement becomes a requirement in industries that are rapidly changing. With a confidentiality statement example, there is always a concrete assurance that proprietary information won’t reach the media, the public or industry competitors.

Here are some instances where you would need to use a printed or email confidentiality statement: This is now a common practice in many business establishments where the agreement gets awarded to a contractor or employee to ensure that proprietary information or trade secrets don’t come out.Ī confidentiality statement is also called a confidentiality agreement, a non-disclosure agreement, confidentiality clause, non-disclosure form, secrecy agreement or propriety information agreement.

Simply defined, a confidentiality statement for documents is a legally binding document stating that two parties won’t profit from or share confidential information.