Free Illinois NDA and Confidentiality Agreement
Download a professional Illinois-compliant Non-Disclosure Agreement (NDA) template. Protect your confidential business information with this legal contract.
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1. PARTIES
This Non-Disclosure and Confidentiality Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and between [DISCLOSING PARTY NAME], located at [DISCLOSING PARTY ADDRESS] ("Disclosing Party"), and [RECEIVING PARTY NAME], located at [RECEIVING PARTY ADDRESS] ("Receiving Party").
2. PURPOSE
The parties wish to explore a potential business opportunity of mutual interest (the "Purpose"). In connection with the Purpose, the Disclosing Party may disclose to the Receiving Party certain confidential and proprietary information.
3. DEFINITION OF CONFIDENTIAL INFORMATION
"Confidential Information" means any and all non-public, proprietary, or sensitive information disclosed by the Disclosing Party to the Receiving Party, whether orally, in writing, or by inspection of tangible objects, including but not limited to: business plans, customer lists, financial data, software code, trade secrets, and marketing strategies. Confidential Information shall be marked as "Confidential" or, if disclosed orally, identified as confidential at the time of disclosure and summarized in writing within thirty (30) days.
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