What is a Confidentiality Agreement?
What is a Confidentiality Agreement?
A confidentiality agreement is a contract in which the signing party agrees not to disclose any information about the other party in the contract. Confidentiality agreements, also called non-disclosure agreements or secrecy agreements, are often part of employment contracts. Employers will require their employees to sign such an agreement promising not to disclose information about the workplace. Items Usually Covered by a Confidentiality Agreement: - Machinery used
- Technological Developments
- Secret Processes
- Future plans
- Materials used or Ingredients
- Prices
- Data and Formulas
- Employee work product
- Other Items Specified in the Agreement
Duration of Confidentiality Agreements
Most confidentiality agreements will specify the period for which the agreement will cover. Also, the agreement is enforceable only if the information remains confidential. However, some confidentiality agreements may request that a party keep information confidential permanently. How Can a Lawyer Help?
If you are drafting a contract, an employment law or commercial law lawyer will help guide you through the complicated legal process so that you will be able to protect your legal rights. In the event that your confidentiality agreement has been breached, an attorney can help you get the remedy you deserve and/or help you prevent future disclosures of confidential information. |
 |
