[vc_row][vc_column][vc_column_text font_color=”#000000″]How do business owners keep their unique product or ideas secret and personal? A vehicle to do so would be creating a non -disclosure agreement (NDA) within the business or with third parties in which sharing may be necessary.
What is a Non-Disclosure Agreement?
An non-disclosure agreement is a contract in which one or more parties cannot disclose confidential information that they have shared with each other as a necessary part of doing business together. An non-disclosure agreement is like keeping a secret, and it creates a legal obligation to privacy; compelling those who agree to keep any specified information top-secret or secured. There are three key functions a non-disclosure agreement typically serves:
When might an NDA be useful?
Nondisclosure and confidentiality agreements are commonplace in today’s world. Information protected by attorney-client privilege and doctor-patient confidentiality is basically covered by an encompassing nondisclosure agreement, and even librarians are obligated to keep information about books you’ve read.
Other cases in which confidential information might be protected through an NDA can include:
If you have any questions or need some help on getting an non-disclosure agreement for your business, CONTACT US!