Sample wording: “The receiving party shall not disclose any confidential information to any third party for a period of [X] years from the date of this agreement.” Conflicts of interest clauses: Require disclosure of any potential conflicts of interest and often include terms for how they are to be managed.

A clause is a specific point or provision in a law or legal document. It can be an article, section, or standalone paragraph that addresses any topic pertaining to the document that contains it.

To write effective and enforceable business contracts, you need to include a number of contract clauses. These include indemnification, force majeure, copyright, termination, warranties and disclaimers, and privacy.

For example, if Jenna is a manager at Great Bird Feeders but she is also freelancing on the side for their competitor Best Bird Feeders, she has a conflict of interest because she's splitting her loyalties between two competing companies.