A one-way non-disclosure agreement, also known as a unilateral non-disclosure agreement, is a legal contract between at least two parties, most often from the provider of confidential matter to the party(s) being given access to it (between a grantor and a grantee). It is used when only one party possesses confidential information and the other party receives it. The agreement puts an obligation only on one party to keep it in secret.
Usually, these agreements are used in businesses when dealing with employees, outside contractors, or other market participants. The purpose of the agreement is to make clear that certain information may not be shared. The agreement will clearly state what constitutes the private information, be it a formula, a recipe, or a technique; that the party cannot share this information to anyone besides those who are authorized by the granting party; any information that is leaked should be reported immediately; and will prohibit any recreation of the information.
For example, the excerpts of the confidential matter should not be written down in a personal notebook or database for use. The consequences of doing anything stated in the agreement should be explained in detail. Such agreements may not be required to be signed by both parties, however, the receiver must sign in order for them to be enforceable. The signature of the party who takes an obligation creates a legally-binding contract.
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