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Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.
Here are 10 suggestions to help protect confidential information:Proper labelling.Insert non-disclosure provisions in employment agreements.Check out other agreements for confidentiality provisions.Limit access.Add a confidentiality policy to the employee handbook.Exit interview for departing employees.More items...?27-Dec-2013
Can an independent contractor sign an NDA? Not only can you have your independent contractors sign an NDA, but it's also recommended. The NDA should be a regular part of your agreements with independent contractors every time the projects require you to share sensitive information with the person you're hiring.
EnforceabilityNDAs are only enforceable if they are drafted properly, are reasonable and signed. Put simply, an NDA that isn't enforceable won't protect your information.
To create a legally-binding non-disclosure contract, you must use specific language when defining confidential information, parties, and scope. Broad language that can be interpreted many ways may not hold up in a legal dispute.
How to write a confidentiality statement?Use a standard format for contracts.Decide what type of confidentiality statement you should use.Identify the involved parties in the agreement.Define the information to keep confidential.List the information excluded from the agreement.
To create a legally-binding non-disclosure contract, you must use specific language when defining confidential information, parties, and scope. Broad language that can be interpreted many ways may not hold up in a legal dispute.
Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment.
One way to get out of an NDA is when the set term of the contract expires. Another way is if the contract is ended in accordance with its termination clause. In some cases, however, your legal obligations to maintain confidentiality can continue for many years.
Employment NDA agreement violations. It's illegal to reveal trade secrets or sensitive company information to a competitor. It can carry legal consequences, including fines and even jail time even if you didn't sign an NDA.