Important Clauses In A Non-Disclosure Agreement
By Team Legistify / 2017-07-18
In this article, we discuss the key elements of a Non-Disclosure Agreements (NDA) and what clauses must be incorporated in a Non-Disclosure Agreement.

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A company may share its confidential information such as trade secrets, vendor information, intellectual property with its clients or employees. In order to ensure that such information has not been shared by the clients or employees with anyone, the company needs to draft a non- disclosure agreement, wherein the company mandates the employees and the clients not to transfer any confidential information, which may result negatively in the company’s interest.

What is a Non- Disclosure Agreement?

Non-Disclosure Agreement is a legal document that protects any confidential information which is related to business, which the company does not want to leak, which may in future hamper the business of the company. Big companies prefer to start a business by entering into a non-disclosure agreement between themselves and the client. The primary objective of such contracts is to secure the trade secrets and confidential information of the company.

What is Confidential Information?

Information which is specific and does not leave room for ambiguities, which needs to be protected by the company is Confidential Information. A Non Disclosure agreement is a unique agreement, in which one party undertakes to keep the other's information confidential. Hence, there is an added duty of care attached to such a contract. Firstly, the party signing such an agreement has the obligation to maintain confidentiality actively for example- in a simple sense never intentionally or unintentionally give away the information in any form.

In this article, we discuss the key elements of a Non-Disclosure Agreements (NDA) and what clauses must be incorporated in a Non-Disclosure Agreement.

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