A "confidentiality agreement" is a contract that contemplates one party disclosing proprietary or confidential information to a second party. The Confidentiality Agreement is designed to require the recipient of the information to keep it confidential and not use it for any purpose detrimental to the disclosing party. The key elements of Confidentiality Agreements include:
Identification of the parties
Definition of what is defined to be confidential
The scope of the confidentiality obligation by the receiving party