If you use it in a partnership agreement, you remove the reference to partners, etc. With our privacy model (NDA), you can start with a confidentiality agreement. This template can be downloaded and used for free. Option Agreement – An agreement in which one party pays the other for the opportunity to use an innovation, idea or product later. For example, the case of Silicon Image, Inc. Analogk Semiconductor, Inc., in which Silicon Image made the mistake of limiting time in its NDA agreement, which applied to trade secrets. If you forget to require a party that receives the signing of an NDA agreement and that party then receives its confidential information, any other NDA agreements you have signed with other receiving parties covering the same information cannot be implemented.