Confidentiality Agreement in English

Confidentiality agreements, which are often also referred to as the non-disclosure agreements (NDA) are mostly concluded if information containing trade secretes is disclosed to the potential contractual partners. Disclosing any valuable information always entails a certain risk of potential abuse, although at the same time it is generally impossible not to disclose information. In such cases, practice has shown that before going to the main contract(s) a confidentiality agreement is concluded for the period of negotiations, which generally foresees the main obligation of compensation of damages by the person who breached the contract. In other words, the party to the contract who disclosed to third persons information that should not have been disclosed according to the contract, must compensate the damages caused as a result. 
(Contract volume: 4 pp)
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