Description
Before entering a business transaction, companies of all sizes have to consider how to protect sensitive information by drafting a non-disclosure agreement. As each company tries to build a confidentiality contract in its favour, the process may often cause long discussions, delays and higher transaction costs.
To minimise the time and efforts spent on negotiations, the International Chamber of Commerce (ICC) has developed two model contracts – the ICC Model Confidentiality Agreement and ICC Model Confidentiality Clause. Aimed to assist business people and lawyers who are not necessarily experts on the subject, ICC offers a balanced cross-sectorial model taking into account interests of both disclosing and receiving parties.
Moreover the models can be used in relation to all kinds of confidential information and a wide variety of business transactions. Theyprovide to industry and commerce a common platform acceptable in different jurisdictions and countries.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
