Non-disclosure agreements are forms that are typically presented to an employee at the time of hire. These forms are legally binding. They entail that the employee may not tell anyone outside of the business any secrets, recipes, or anything to do with how the business operates and produces its products.
What is a Confidentiality Agreement?
Like a non-disclosure agreement, a confidentiality agreement does about the same thing. It protects trade and business secrets and sometimes even a person’s identity. The difference between the two is that with the confidentiality agreement if the employee breaches it they may find themselves in a load of trouble. These troubles can include court prosecution, hefty fines, and even jail time.
Legal Implications of a Confidentiality Agreement
Talking to a Palm Springs merger and acquisition firm is one way for the employee to fully understand the legal implications of the confidentiality agreement. For one these agreements entail protection for both academic and physical activities. If the individual in question is well pursued by the media, these agreements can protect from any personal activities or information getting to the media.
How to Get a Confidentiality Agreement
Either an individual or an attorney can prepare both the forms for the employee. The sheer nature of the confidentiality agreement mandates that it is in the best interest of the employer to have an attorney at least review the form before it is signed by either party.
There are a wide variety of forms and templates available in order to draft these forms yourself. If truly wanting a lawyer to do the drafting for you, be sure to know what needs to be included in the form. An attorney will charge a fee, so doing it right the first time will save money.