In today’s fast-paced business environment, information is currency and often one of your most valuable assets. Whether it’s proprietary data, customer lists, marketing strategies, trade secrets, or product designs, the information that is unique to your business sets you apart from the competition. That is why it is crucial to protect that information as much as possible.

A Confidentiality Agreement or Non-Disclosure Agreement (NDA) is a legal contract used to protect private or sensitive information shared between two or more parties. The terms are fairly similar and are often interchangeable. These kind of contracts ensure that confidential details stay private and set clear rules about how that information can be handled. These agreements can either stand alone or be incorporated as a provision of another contract.

A well-drafted Confidentiality or Non-Disclosure Agreement clearly defines what is considered confidential information, who is subject to the restrictions of the agreement, how confidential information can be disclosed or used, limitations on its use and disclosure, and what happens if the agreement is violated.
While such agreements are valuable, they do have limits. They can be hard to enforce if the terms are too vague, and they cannot prevent the disclosure of information that must be shared by law or is in the public interest.

TCLG has extensive experience drafting and reviewing Confidentiality and Non-Disclosure Agreements and provisions and can assist you in determining whether such agreements can be implemented or enforceable for your business. For more information