Business & Finance mortgage

When would you need a Confidentiality Agreement?

You would be surprised at the large number of instances when a confidentiality agreement may be required. A contract between a shipper and a freight company, a lawyer and his or her client, a session between a therapist and his or her client would all require a confidentiality agreement of some nature. A very common form of confidentiality agreement is the one between employees and their employer for protecting a company's intellectual property. An alternative contract that the employees may be asked to sign are non-disclosure agreements.

In a standard confidentiality agreement, the employee is asked to sign a document that does not permit the employee to disclose business information such as client/customer lists, detailed processes used, financial information, details of projects and products and other trade secrets to ensure that the competitors are not made aware of confidential business matters. Such a contract can be defended in a court and can result in punishment of the guilty party in case information is leaked. Some of the necessary documents that may be required by the HR department of a firm, should comprise completed employee confidentiality agreement, employee non disclosure agreement or employee non compete agreement. Without any of these documents the company may leave itself vulnerable to legal hassles and operational disruption.

Confidentiality agreement or non disclosure agreement is a legal contract between two or more parties. The parties involved may be individuals, two companies or other entities which allows the parties to not disclose trade secrets and proprietary information. The agreement contains a full detailing of the provisions for the contract regarding term for maintaining confidentiality, term that the contract remains binding, definition of what is to be considered as confidential etc. For such a contract to be legally binding it should be drawn up by attorneys or legal experts. When you require an immediate supply of such documents what would you do and where would you go?

The quick and easy way to get access to such information is by using an online resource that offers ready templates and legally acceptable formats drafted by professional attorneys. Using online forms for such matters are eco-friendly, time saving and also cost-effective methods for conducting business. When you think of the short turnaround, and the short time a form can be downloaded and filled up in minutes you can appreciate why more and more businesses and companies are using online forms, electronic signatures and such modern resources for their client agreements and for a new employee to sign a confidentiality agreement.
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