A non-disclosure agreement (NDA) serves as one of the most vital tools to protect the sensitive data of your business. You need to safeguard your business with the benefits of a non-disclosure agreement. Without an NDA you and your business will be vulnerable to loss of earnings, fines and aggravated stress.
With a non-disclosure agreement, your staff, suppliers and freelancers who provide you with services, will be bound by a confidentiality agreement. With this agreement, they cannot share confidential information and any data or intelligence of your business. This includes your business idea and model – intellectual property.
Anyone that signs your business non-disclosure agreement, will be unauthorised to reveal any sensitive information without your legal permission. They will only be able to disclose information that you have expressly authorised. The NDA will be very specific on which information can be disclosed, with written consent from the business owner.
As soon as you begin a business relationship with another person or company, you need to have in place measures to protect your business. Particularly when you commission a self-employed person or a company to manage a project, you need to serve them with a NDA before the work begins, before they access confidential information.
Please contact us for an initial consultation for a discussion on how to protect your business with a non-disclosure agreement. SG
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