Draft a Non-Disclosure Agreement (NDA)
Creating a Non-Disclosure Agreement (NDA) has never been easier! FlyTask’s automation process allows you to efficiently draft a tailored NDA to safeguard sensitive information in your business relationships. This guide will walk you through the steps and information needed to complete the NDA drafting process, saving you time and ensuring legal accuracy.
Please note: This draft is provided by FlyTask and should be reviewed and adjusted by legal counsel before use to ensure it meets your specific legal requirements.
Table of Contents
- Introduction to NDA
- Parties Involved
- Purpose of the NDA
- Confidential Information
- Duration of Confidentiality
- Exclusions from Confidentiality
- Obligations on Termination
- Dispute Resolution and Governing Law
- Additional Clauses and Special Instructions
- Finalising and Receiving the NDA
- Need Help?
Introduction to NDA
A Non-Disclosure Agreement (NDA) is a legal contract that establishes confidentiality between the parties involved. It ensures that sensitive information shared between them is not disclosed to third parties. FlyTask’s AI-driven process helps you create an NDA quickly by gathering key inputs and generating a bespoke document suited to your business needs.
Parties Involved
You will need to provide the legal names and business addresses of both parties:
- Party 1 Name: The full legal name of the first party.
- Party 1 Address: The full business address of the first party.
- Party 2 Name: The full legal name of the second party.
- Party 2 Address: The full business address of the second party.
Purpose of the NDA
You will need to explain the purpose of the NDA, which could be for protecting confidential information during:
- Negotiations for a potential business partnership,
- Contract discussions,
- Other business dealings where sensitive information is shared.
Confidential Information
Describe the types of information that will be protected, such as:
- Business plans,
- Financial details,
- Customer lists,
- Marketing strategies.
Duration of Confidentiality
You must specify the start date and the duration for which the confidentiality must be maintained. This could be:
- A specific number of years (e.g., 2 years),
- Indefinitely,
- Conditions for renewal or termination.
Exclusions from Confidentiality
Specify any information that is excluded from confidentiality, such as:
- Public domain information,
- Independently developed information,
- Information disclosed by third parties without breaching the agreement.
Obligations on Termination
Upon termination of the NDA, specify what should happen to the confidential information:
- Should it be returned or destroyed?
Dispute Resolution and Governing Law
Indicate how disputes will be resolved and under which legal jurisdiction:
- Dispute Resolution: Options such as mediation, arbitration, or court proceedings.
- Governing Law: Specify the governing law, for example, “Laws of England and Wales.”
Additional Clauses and Special Instructions
You may include additional clauses such as:
- Non-solicitation or non-compete clauses,
- Indemnity,
- Any other specific requirements or instructions.
Finalising and Receiving the NDA
Once the required details have been entered, FlyTask will generate a draft of the NDA. You will receive the finalised NDA via email to the address you provide.
Please remember: This draft is provided by FlyTask and should be reviewed and adjusted by legal counsel before use to ensure it meets your specific legal requirements.
Need Help?
If you encounter any issues or need assistance, feel free to contact us at support@flytask.com.