Non-Disclosure Agreements
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info@kowtunlaw.comNon-Disclosure Agreements (NDAs): Protect What Drives Your Business
A non-disclosure agreement (NDA) is a legally binding contract between two or more parties to protect confidential information from being shared with others. Its purpose is to create a confidential relationship to safeguard sensitive data like trade secrets, business plans, and proprietary information. NDAs can be used in various situations, such as when employees handle sensitive data, when businesses discuss potential partnerships, or during a sale or acquisition.
Our Approach to Confidentiality Protection
We custom-draft your NDA to avoid failure due to vague terms or an overbroad scope, which is common with templates. We make sure your NDA:
- Defines confidential information: The agreement specifies exactly what information is considered confidential.
- Restricts disclosure: It prohibits the recipient from sharing the information with unauthorized third parties.
- Outlines consequences: It details the legal penalties for breaking the agreement.
Contact us today to discuss drafting your non-disclosure agreements.
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Frequently Asked Questions
The terms are generally used interchangeably. Both are contracts that establish a confidential relationship and prohibit the receiving party from disclosing defined secrets.
Anytime you share proprietary information, trade secrets, client lists, or financial data with potential partners, investors, employees, or contractors before a deal is finalized.
A mutual NDA is used when both parties are sharing confidential information with each other. A unilateral NDA is used when only one party is sharing secrets.
No. A well-drafted NDA, like those we draft, will cover all forms of information, including oral communications, electronic files, business methods, and trade secrets.
It depends on the industry. We usually recommend that the duty of confidentiality survive the termination of the business relationship for a specific period, often 3 to 5 years, or indefinitely for true trade secrets.
It can, but we must draft the agreement to clearly define the specific concept or plan you are disclosing as confidential information.
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