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With an NDA, employers can hold employees to holding on to secrets and information, whether it be client contact information, sales figures, formulas, etc. If the NDA is signed but not abided, legal action can follow.
Employees are prohibited from sharing or disclosing sensitive information to unauthorized individuals or for unauthorized purposes. Employees are required to protect the confidentiality of sensitive information by using appropriate safeguards, such as password protection and secure storage of documents and data.
Ingly, to protect the Confidential Information that will be disclosed during employment, the Employee agrees as follows: Employee will hold the Confidential Information received from [Company Name] in strict confidence and will exercise a reasonable degree of care to prevent disclosure to others.
I agree at all times during the term of my employment and thereafter to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Company, any trade secrets, confidential knowledge ...
What are examples of Confidential Information? Examples of confidential information include a person's phone number and address, medical records, and social security. Companies also have confidential information such as financial records, trade secrets, customer information, and marketing strategies.
A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.
A confidentiality clause can protect an employer beyond the time of employment by extending the time that an employee or contractor may not divulge information about the company that employed them.
A. Hold the Confidential Information received from Company in strict confidence and shall exercise a reasonable degree of care to prevent disclosure to others; B. Not disclose or divulge either directly or indirectly the Confidential Information to others unless first authorized to do so by Company.