Nondisclosure agreements, also called NDAs or confidentiality agreements, can protect your business’s non-public information, such as trade secrets, patents, designs, client lists, and marketing research. An NDA is a legally binding contract between parties who agree to keep certain information confidential. The information may be shared during the course of employment or during a business transaction or interview. When someone who has agreed to protect secret information violates the NDA, the other party may sue for injunctive relief to stop the release of information and recover damages-possibly including lost profits. The following are some of the components a well drafted NDA includes:

  • Confidential information protected and excluded
  • Obligations of receiving party
  • Consequences of breach
  • Length of agreement
  • Method of dispute

ConfidentialityAgreement

Whether you have an innovative business plan, a secret recipe, or a great invention, confidentiality may be the key to your business’s success. In the course of doing business, it’s inevitable that you’ll have to share this confidential information with employees, colleagues, investors, etc. You must take proactive steps to protect your confidential information. It is advisable to let an attorney prepare an agreement protecting your business information now to save a legal headache and potential loss of business later.

If you are a member of Spiegel & Utrera, P.A.鈥檚聽General Counsel Club and have confidentiality agreements related聽questions, call (800) 734-9900 or聽clubassist@amerilawyer.com for assistance. Remember, as a member of the 聽General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We聽will assist you with聽Incorporation Service, Trademarks,聽Copyrights, Estate Planning, Legal Counsel, Wills,Trusts, Agreements & Leases, Corporate & Company

Assistance

Submit details below

Related Posts

Continue Reading

Business

Why Should I Form a Professional Corporation

There are many advantages when forming a Professional Service Corporation. Professional corporations are entitled to favorable tax treatments, liability protections...

Read More >>
REAL ESTATE INVESTING WITH A PROPERLY STRUCTURED LLC AND OPERATING AGREEMENT IN 2024
Agreements

REAL ESTATE INVESTING WITH A PROPERLY STRUCTURED LLC AND OPERATING AGREEMENT IN 2024

When you are ready to move forward with your next real estate investment, you may want to consider having our...

Read More >>
Business

Why You Should Open A Commercial Bank Account For Your Business

Essentially, one of the most basic steps in starting up a business is opening a bank account. Opening a bank...

Read More >>