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NDA – Confidentiality Under Protection
Protect Confidential Information
How can a business protect confidential information? Protection can come in the form of an NDA, also known as a non-disclosure agreement. A legal document designed to protect confidential information and sensitive data relating to a business and its customers. Your business intellectual property, any sensitive information relating to the company and customers needs protection. Your brand, and any data that could compromise yours and your customers’ safety needs legal protection. Protection can only be possible with a legal document to prevent misuse of information that could compromise or even destroy a business.
Who Signs An NDA?
A company can ask employees, contractors and even suppliers to sign an NDA. Companies need this kind of protection because often people connected to the business have access to highly sensitive information. They’ll also have access to the clients’ list and data such as bank details and personal contact information. Suppliers, contractors and employees can potentially start a new business by exploiting your company’s client list.
Other Types Of NDAs
When a contract is terminated and a settlement is agreed, the details of the settlement are often kept confidential. Disclosing the settlement could compromise the company’s reputation. Do not confuse it with the cover up of unfair dismissal or corruption. There are NDAs preventing an employee from starting a business that is in direct competition with their employers. And also NDAs preventing an employee from working for a competing business once they leave employment.
Protect Your Business With An NDA
You need to contact a business lawyer to discuss how and which areas your business should get protection. Before sharing information with anyone, regardless of whether you’re an employee or investor, get in touch with one of our lawyers. Protect your business with an NDA by getting in touch with one of our business lawyers. SG
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