What Does “Confidential Information” Mean in a Contract?
Information designated as private that must be protected from disclosure under the contract.
Detailed Explanation
Confidential Information is a defined term specifying what information must be kept secret. Definitions vary widely - some cover only information marked "confidential," others include anything that a reasonable person would consider confidential.
Exclusions typically include information that's already public, independently developed, or received from another source. Understanding the definition's scope is crucial - you need to know exactly what you must protect.
Example in a Contract
“"Confidential Information" means any information disclosed by either party that is marked confidential or, given the nature of the information or circumstances of disclosure, reasonably should be understood to be confidential.”
Why It Matters
The Confidential Information definition determines what you must protect. A broad definition means more obligations; a narrow one means less protection for your information. Review this definition carefully.
Related Terms
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