Once the parties have been identified and the nature of the negotiations they are conducting, the information that is considered confidential and the commitments that must be made to preserve confidentiality, as well as the exceptions that may apply, are established. The parties are required to maintain confidentiality during the negotiation process and during a follow-up period defined in the agreement. The purpose of such an agreement is to ensure that the other party does not benefit from the information received or to prevent it from transmitting the above-mentioned information to the competition in the event of failure of the negotiations. This agreement can be used to protect confidential information, both in national and international negotiations. A model confidentiality agreement (also known as a confidentiality agreement) that aims to protect certain sensitive information (financial details, trade secrets or technology) presented as part of the negotiation process between companies. It is normally used in negotiations that precede the conclusion of distribution, licensing, technology transfer, franchise, manufacturing, joint venture and merger and acquisition agreements and, more generally, for all commercial agreements that may involve a prior exchange of confidential information. Our free PONS online dictionary is also available for iOS and Android! How do I copy translations into the vocabulary coach? Do you want to add a few words, sentences or translations? Please note that the vocabulary in this list is only available in this browser. Once you`ve copied them into the vocabulary trainer, they`re available from anywhere….