A data confidentiality contract is commenced between the interested companies or entrepreneurs wherein the essential data required for processing certain legitimate practice is exchanged between the two parties and remain strictly undisclosed from the third party in any case.
Sample Data Confidentiality Contract:
Contract number: 456/ DC
Date: February 13th, 2011
This Data confidentiality contract is produced & registered between Wilma Software developers Pvt. Ltd, Address; Office No: 56, Sky High Square, Spencer Street, Toronto, Canada, hereinafter called as the provider.
Samantha Productions Pvt. Ltd, Address: Office NO: 3, Cathedral Road, Toronto, Canada, hereinafter called as the Owner.
Together referred as both the parties
The owner is willing to employ the services of the provider for a new software development, whereas the provider is ready to prepare the software coding. Both the parties have solely understood the confidentiality term.
This contract is commencing from February 14th, 2011 and is terminating on February 14th, 2012.
Term & Conditions:
The owner will pay $ 25000 for the software development & maintenance for a year, whereas the provider will deliver the software project on time.
The owner will provide the required confidential information to the provider to prepare the coding of the payroll system. The provider will not share this sensitive information with any third party. If such a case is recorded, the provider will be punished with legal penalty.
If any kind of unsettled issue is encountered, this contract will be treated as cancelled.
Acceptance of the Data Confidentiality Contract:
The Provider: The Owner:
Stella Timberlake David McGraw