IACCM Contract Management Forum

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2018-04-04 19:32:28

Confidentiality Agreements

Hey Guys,
I would like to know that is best practice. Lets say I am sending out a tender and I am asking the bidders to supply sensitive information as part of the bid. Instead of each of them submitting a Confidentiality Agreement for my legal team to review. Can I send my company's confidentiality agreement to them. My aim is to reduce the legal workload from my legal team and place it on the supplier.

What are your thoughts?

 •  Freeport LNG  •   2018-04-06 15:18:51
You could either include your company's standard CA (it would need to be a mutual version) or you could include language in the tender package that states you'll treat their confidential information confidentially, but you'll want to be careful not to make overly broad commitments. Your legal department should be able to draft some simple generic language.
 •  CGCL  •   2018-04-11 15:14:16
Thanks much Mark. Greatly appreciated.

 •  Resolute Corporate Services Pty Ltd As Agent for Société Des Mines de Syama S.A (SOMISY S.A)  •   2018-06-10 12:25:00
By trying avoid this work you could create a potential problem in the future for your company.You should do this in the most honest and effective ways to get better results.
 •  Maybank  •   2018-10-18 15:07:18
It makes sense as a tenderer to do so. The extra benefit is you don't have to re-read the CA for the fine print on clauses to comply with which may differ from your company's standard version.
Replies: 4
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