A Non-Disclosure Agreement (“NDA”) or Confidential Disclosure Agreement (“CDA”) generally provides that the receiving party will hold information in confidence and will not use that information for any purpose other than as permitted by that Agreement.
It is Gazyk policy not to enter into negotiations concerning NDA’s unless appropriate prior management and legal approval has been obtained. In our business we can distinguish three categories of NDA’s:
For example, NDA’s are necessary when:
In negotiating an NDA, the definition of what constitutes confidential information and the permitted use of such confidential information must be described in detail. The actual exchange of information should be carefully organized, documented and monitored. Employees authorized to have access to such information must be clearly identified and limited to those who have a “need to know.” Each person with access to such confidential information must strictly comply with the provisions of the agreement.
Any violation of this Policy may subject the employee to disciplinary action.