There are a couple of approaches when it comes to defining Confidential Information. - Blanket approach You can consider stipulating that all information exchanged between the Parties relating to the Purpose must be regarded as Confidential Information. This approach is often called the "blanket approach" and offers a broad scope of protection. For instance, if two companies are collaborating on a new software project, all code, algorithms, designs, and even meeting notes related to the project could be considered confidential under this approach. - Specified information Another approach may be a more detailed and specific approach where you stipulate the type of information that will be regarded as confidential information. For example: any information of the Disclosing Party relating to financial structure, accounting methods, cash flows, revenue forecast methodology, and market forecast methodology; such as profit margins, pricing strategies, or investor relations strategies. any information of the Disclosing Party relating to plans, designs, drawings, functional and technical requirements and specifications; like product roadmaps, system architecture diagrams, or hardware schematics. any information related to intellectual property, including patents, copyrights, trademarks, and trade secrets; for instance, patent applications, source code, or proprietary algorithms. any information regarding the Disclosing Party's customers, suppliers, or partners, including contact details, contractual terms, and specific needs or preferences. any information related to the Disclosing Party's employees, including their roles, responsibilities, performance data, and compensation. any information that the Disclosing Party expressly designates as confidential, either in writing or verbally, at the time of disclosure. - Using a more detailed and specific approach to defining Confidential Information can help ensure that both parties understand the scope of the confidentiality obligations and reduce the risk of misunderstandings. However, it requires a thorough understanding of the information being shared and may take longer to draft and negotiate. In some cases, a combination of both approaches can be used, providing a broad catch-all provision and then listing specific categories of information for added clarity. - Information disclosed before the Signature Date Furthermore, remember to stipulate whether information disclosed before the Signature Date will or will not be regarded as Confidential Information. - Information of Affiliates  When a Party operates as part of a group structure, indicate that the Disclosing Party's Affiliates' information must also be treated as Confidential Information. - Information of third-parties Depending on the specific transaction, and for example, the use of sub-contractors, there may also be a need to provide that the information of certain third parties must also be treated as Confidential Information.