Non disclosure agreements
A non disclosure agreement or NDA is a legal agreement, between two or more individuals or companies, designed to protect information from unwanted disclosure or misuse.
Non disclosure agreements are sometimes called confidentiality agreements, confidentiality contracts, confidential disclosure agreements, CDAs and secrecy agreements.
Non disclosure agreements may be used in a wide range of business situations. For example:
- during corporate due diligence;
- during pre-contractual negotiations involving trade secrets (for example, where a web developer shows confidential work-in-progress to a potential new client);
- to protect the patentability of an invention;
- upon the disclosure of a new literary or artistic work to a potential publisher or collaborator.
A well-drafted non disclosure agreement will help to protection your confidential information by specifying precisely the information that needs to be protected, the things that the disclosee must do to protect the information, and the treatment of the physical manifestations of the information.
Non disclosure agreements may also useful for those to whom information is being disclosed, because they may help to clarify the precise extent of legal obligations being placed on the disclosee.
As with all commercial agreements, a balance must be struck between legal protection on the one hand, and the ease of getting the agreement signed on the other. The more one-sided an agreement is, the more likely there will be negotiations, which can be protracted.
Key terms in a non disclosure agreement will include:
- the definition of the confidential information;
- restrictions (and permissions) relating to further disclosure;
- obligations to keep the confidential information secure;
- the time period during which the information will remain confidential; and
- arrangements for the return of confidential information upon termination.
Template NDAs
As legal agreements go, NDAs are relatively standardised. You may therefore be able to save yourself money by buying a template, rather than having a bespoke document drafted to your requirements.
Our template shop at Website-contracts.co.uk offers a range of expertly-drafted downloadable agreements.
Click here to choose your NDA now.
Bespoke NDAs
We also draft, review and negotiate bespoke NDAs on behalf of our clients.
If you'd like a chat about a bespoke NDA, please do call us on 01491 834695.
Alternatively, you can contact us using the form below, and we will get back to you within 24 hours.