EERC Template 2023

[Audio] We will review the Nondisclosure Agreement that all employees of EERC have signed, discusing the confidentiality clauses associated with potential research projects and how to properly handle confidential information. We will begin by going over the types of information that must be kept confidential and the implications of mishandling it. We will then review the clauses of the Nondisclosure Agreement and examine several examples of potential research projects and how to properly handle confidential information associated with them. We will conclude by discussing the potential legal and financial consequences of breaches of the Nondisclosure Agreement..

[Audio] Confidential information encompasses a variety of different items, including confidential business information, trade secrets, and personal information. Having an understanding of this term is particularly important as it carries legal implications and forms the basis of a Nondisclosure Agreement. As mentioned before, during this lesson it is essential to note the different types of confidential information and the accompanying risks they bring..

[Audio] We must make sure to be familiar with the Confidentiality Agreement we have signed in order to safeguard the confidential information of the EERC and any future clients we may work with. As University employees, it is our responsibility to be aware of our obligations and make sure that we abide by the agreement. This will enable us to uphold the highest level of integrity in our research activities and business dealings..

[Audio] Agreements known as "Nondisclosure Agreements" (NDAs) are created to protect any information disclosed between two parties for a particular purpose, ensuring that it is not used for any other purpose or shared with third parties who are not involved in the project. Through NDAs, the EERC and EERC Foundation can securely exchange information related to research projects, allowing research and business partners to collaborate, explore new potential partnerships, and feel confident that their shared information is safe and confidential..

[Audio] In order to remain compliant with the Non-Disclosure Agreement, any verbal disclosure of confidential information should be documented in writing. The written document does not necessarily need to be a signed legal document, however it must contain a clear description of the information that was disclosed. It is important to note that a written record of the verbal disclosure must be created within 30 days for the NDA to remain effective..

[Audio] Confidentiality agreements protect the sensitive information and ideas of both parties, stipulating a specific period of time in which the confidential information must remain secure. Generally, the duration of the agreement is 6 years although this may vary depending on the terms. Once the specified disclosure period, usually 6 years, has expired, the NDA will remain in effect..

[Audio] The "NDA Request Form" is available for you to fill and submit. If you have any questions about it, the legal team are available to provide assistance..

[Audio] In order to ensure we are protecting confidential information, we must review each request to make sure we are upholding our NDAs. To do this, the Contracts Office staff can help provide guidance. To be on the safe side, it is recommended to consult the Contracts Office before releasing any information..

[Audio] If you have any queries regarding potential research projects or clauses, please contact the Contracts Office. We will be happy to provide assistance and guarantee confidentiality..