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Why are Non-Disclosure or Confidentiality Agreements necessary?

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Why are Non-Disclosure or Confidentiality Agreements necessary?

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A Non-Disclosure or Confidentiality Agreement is necessary before any proprietary information is disclosed from one party to another. Without this agreement, the party to whom the information is disclosed is free to use and transmit the information to others. This also protects the technology from public disclosure that could hurt the chances of getting a patent. Any information being passed on to another party must be identified as proprietary and any information conveyed orally should be confirmed in writing, once again marked Proprietary. We recommend contacting OSP before disclosing any proprietary information to any other party. How do I arrange for a Non-Disclosure or Confidentiality Agreement to be executed? If it is in relation to discussions with a potential licensee, OIPMILTL will arrange for an agreement to be submitted to the interested party for execution. If it is in relation to sponsored research, the agreement will be processed by OSP. In all other cases, the agreements

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