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Free New Mexico Non-disclosure Agreement Form

A New Mexico Non-disclosure Agreement (NDA) is a legal document designed to protect confidential information shared between parties. This agreement ensures that sensitive data remains private and is not disclosed to unauthorized individuals. Understanding the importance of this form is crucial for businesses and individuals looking to safeguard their proprietary information.

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In the vibrant landscape of business in New Mexico, protecting sensitive information is crucial for fostering innovation and maintaining competitive advantage. A Non-disclosure Agreement (NDA) serves as a powerful tool in this regard, providing a legal framework for confidentiality between parties. This agreement outlines the specifics of what constitutes confidential information, ensuring that proprietary data, trade secrets, and other sensitive materials remain protected from unauthorized disclosure. The NDA also delineates the obligations of each party, specifying how long the information must be kept confidential and what actions are permissible regarding its use. By establishing clear guidelines, the form not only safeguards intellectual property but also builds trust among collaborators, investors, and employees. Understanding the nuances of the New Mexico NDA form can empower individuals and businesses alike to navigate their relationships with confidence, knowing they have the legal backing to protect their most valuable assets.

Example - New Mexico Non-disclosure Agreement Form

New Mexico Non-disclosure Agreement

This Non-disclosure Agreement (hereinafter referred to as the "Agreement") is entered into on the _____ day of __________, 20__, by and between ____________________ (hereinafter referred to as the "Disclosing Party"), whose address is __________________________________, and ____________________ (hereinafter referred to as the "Receiving Party"), whose address is __________________________________.

WHEREAS, the Disclosing Party agrees to disclose certain confidential and proprietary information under the terms and conditions described herein;

AND WHEREAS, the Receiving Party agrees to receive, use, and maintain said information in confidence in accordance with the provisions of this Agreement;

1. Definition of Confidential Information

For the purposes of this Agreement, "Confidential Information" shall include all information or material that has or could have commercial value or other utility in the business in which Disclosing Party is engaged, including but not limited to:

Technical data,
Trade secrets,
Know-how,
Business operations,
Strategies,
Information regarding customers, clients, and suppliers,
And any other information whether in written, oral, electronic, or other form, which the Receiving Party receives from the Disclosing Party during the term of this Agreement.

2. Exclusions from Confidential Information

Information is not considered confidential if it:

Is or becomes publicly known through no wrongful act of the Receiving Party,
Was known by the Receiving Party before receipt from the Disclosing Party as proven by the records of the Receiving Party,
Is received by the Receiving Party from a third party without similar restrictions and without breach of this Agreement,
Is independently developed by the Receiving Party without use of or reference to the Disclosing Party’s Confidential Information.

3. Obligations of the Receiving Party

The Receiving Party hereby agrees to:

Maintain the confidentiality of the information with at least the same degree of care that it uses to protect its own confidential and proprietary information, but not less than reasonable care,
Not use any of the Confidential Information for any purpose outside the scope of this Agreement,
Limit access to the Confidential Information to personnel who need to know such information in connection with providing the contemplated services and who have signed confidentiality agreements or are otherwise bound by confidentiality obligations at least as restrictive as those contained herein.

4. Term and Termination

This Agreement shall remain in effect until __________, 20__ or until terminated by either party with ____ days’ notice to the other party. Upon termination or expiration of this Agreement, the Receiving Party shall cease use of and return or destroy all copies of the Confidential Information.

5. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of New Mexico, without regard to its conflict of law principles.

IN WITNESS WHEREOF, the Parties have executed this Non-disclosure Agreement on the date first above written.

Disclosing Party: _____[Signature]_________________________________

Receiving Party: _____[Signature]__________________________________

Download Non-disclosure Agreement PDF

Document Properties

Fact Name	Description
Purpose	The New Mexico Non-disclosure Agreement (NDA) is designed to protect confidential information shared between parties.
Parties Involved	This agreement typically involves two parties: the disclosing party and the receiving party.
Governing Law	The NDA is governed by the laws of the State of New Mexico, ensuring compliance with local regulations.
Duration of Confidentiality	The agreement specifies a duration for which the confidentiality obligation remains in effect, often ranging from 1 to 5 years.
Permitted Disclosures	Certain disclosures may be permitted, such as those required by law or court order, which are typically outlined in the agreement.
Consequences of Breach	Should a breach occur, the non-breaching party may seek remedies, including injunctions or monetary damages.
Signatures	For the NDA to be enforceable, it must be signed by both parties, indicating their agreement to the terms outlined.

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