A confidentiality agreement refers to a legally-binding contract two parties sign. This contract states that one party will share certain pieces of sensitive information to the other party, and the other party agrees to not share that information with any third party. These contracts can apply to a single party, in which an employee agrees not to discuss certain items that the business shares with him or her. It is also possible to have a mutual confidentiality agreement where both parties agree not to discuss private information. Some content that is generally included in these agreements include the length of time that the signing party must keep information secret following termination of employment and a definition about what company information specifically falls under confidential data.
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