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WHAT IS NON-DISCLOSURE AGREEMENT
A non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between two parties: one that holds sensitive information and the other that will receive that sensitive information. The latter agrees that the information we receive won’t be made available to others. An NDA may also be referred to as a confidentiality agreement.
Non-disclosure agreements are common for businesses entering into negotiations with other businesses. We allow the parties to share sensitive information without fear that it will end up in the hands of competitors. It may be called a mutual non-disclosure agreement in this case.
PURPOSE OF A NON-DISCLOSURE AGREEMENT (NDA)
TYPES OF NON-DISCLOSURE AGREEMENT
Limitations of Non-Disclosure Agreement
CONSEQUENCES OF BREAKING AN NON-DISCLOSURE AGREEMENT
HOW CAN LAWTECH HELP IN NON-DISCLOSURE AGREEMENT
We can draft a customized NDA that is specifically suited to your situation. Whether it’s for protecting business secrets, intellectual property, or confidential client information, we’ll tailor the language and terms to meet the unique needs of your business.
If you’re dealing with international partners, we can help ensure that your NDA complies with international privacy laws, such as the GDPR (General Data Protection Regulation) in Europe, or any other specific privacy or trade secret laws in different jurisdictions. Many NDAs include clauses that specify how disputes will be handled (e.g., arbitration, mediation, or litigation). We can ensure that the dispute resolution mechanisms are fair and effective for both parties.
We help avoid mistakes such as overly broad or vague language, which can make the NDA unenforceable. For example, clauses that restrict an individual from sharing information for an indefinite period can be seen as unreasonable and unenforceable.
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