Dispute Settlement_ Two minds working will not always be in harmony with each other. There is always a possibility of conflicts of interests. Foreseeing possible scenarios and setting settlement to solve them should be included in the partnership agreement template. It is crucial to any partnership because it will regulate conflicts before it destroys the business.
The confidentiality agreement is in many ways the equivalent of a non_disclosure agreement in that it is intended to protect the company from the loss of any confidential information or intellectual property. While the two agreements may be similar in nature, you will find that the major difference between the two are the penalties should an employee breach the contract and divulge any confidential information. The more serious penalties are reserved for a confidentiality agreement and can result in criminal lawsuits and very large fines if not prison sentences.