The Basics of Non-Disclosure Agreements
Non-disclosure agreements (NDAs) can be important for many business owners to protect proprietary information. While the terms can - and should - vary from contract to contract, NDAs can be essential for companies that must share information as part of their operations. Common Elements of NDAs NDAs are confidentiality agreements, and you want to ensure your contract covers the necessary bases and is valid and enforceable. The following are some common terms of this type of agreement: Identifying the parties bound by the agreement who will receive the information Defining what is considered to be confidential information for a specific project The scope of the confidentiality, which generally includes keeping it secret and not using the information for their own benefit. Any exceptions from confidentiality requirements How long the information…
