Confidentiality agreements are very useful to prevent unauthorized disclosures of information, but they have inherent limitations and risks. BioSpace has provided a guide to confidentiality agreements and severance packages so you can feel confident making your next career move.NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information. Sign the NDA as the business, not yourself personally. One of the benefits of forming a company is the ability to limit your personal liability. An NDA is an agreement between two or more parties (e.g. , people, organizations, entities, etc.) that forbids the unauthorized release of sensitive information. A simple non-disclosure agreement template (Word and PDF) to give you peace of mind when dealing with confidential information. They protect far more information than trade secret law does. Why Have a Written Confidentiality Agreement?