Article: How To Protect Your Crown Jewels With A Confidentiality Agreement
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How To Protect Your Crown Jewels With A Confidentiality Agreement
How should you use a confidentiality agreement to protect your trade secrets and how effective are they anyway?
Many commercial clients still regard a Confidentiality Agreement or Non-disclosure agreement (NDA) as routine documents that do not require detailed consideration or legal advice. Are you one of them?
They are all the same aren?t they?
I must have seen and reviewed several hundred Non-disclosure Agreements in my 11 years in commercial practice. NDAs vary from a half page statement through to a comprehensive 8-10 page document. Usually a two to three pager, or possibly a concisely drafted and formatted one page document, will meet most needs. 80-90% of the clauses will be the same in all agreements and can be scanned quickly when you kn...
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