Non-Disclosure Agreements are an important element of business in today’s information age. From employees to potential partners, every business needs a Non-Disclosure Agreement to protect itself. Once you have your own Non-Disclosure Agreement at your disposal, your business will be able to protect ideas, designs, plans, concepts or other trade secrets.

 

Current and former employees are responsible for most breaches of confidentiality. Employees are under an implied duty not to use trade secrets in a manner that will harm your business. But it is best to get this in writing and to specify to the employee exactly what is confidential, and to make provisions for when the employee leaves your business.

 

They can be used to:

• share intellectual property
• share commercial or trading information
• formalise a relationship, eg between an employer and employee

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