A Confidentiality Agreement, also known as Non-Disclosure Agreement (NDA), is essential in order to protect valuable confidential information such as a business idea, trade secrets or financial information.
A Confidentiality Agreement/Non-Disclosure Agreement should be used where one or both parties are about to disclose valuable confidential information which they wish to keep secret. It is suitable for use where two parties intend to work together on a project which requires one or both parties to disclose confidential information in order to carry out the proposed project. It aims to protect the confidential information and restricts the party receiving the confidential information from disclosing it to any third party.
This Authorisation to Release Confidential Information, also known as Confidentiality Agreement Disclosure Letter, should be used where two parties entered into a Confidentiality/Non-Disclosure Agreement and subsequently the party who has disclosed the confidential information wants to release the recipient from their obligations of confidentiality. In other words, it authorises the recipient of confidential information to disclose the confidential information contained in the Confidentiality Agreement to a third party.
Please note that this Authorisation to Release Confidential Information allows you to clearly specify what confidential information should be released and who is entitled to receive the confidential information. It further requires the recipient to obtain undertakings of confidentiality from the third party before disclosure is made. Thus, it ensures that your confidential information is not passed into the wrong hands.
This document is designed to be used in conjunction with any of our Confidentiality/Non-Disclosure Agreements. It should be used by the disclosing party in order to grant permission to the recipient of confidential information to disclose the confidential information in situations where disclosure to a third party is necessary.
This Authorisation to Release Confidential Information is in Microsoft Word format, written in plain English easy to use and edit.