Whether you have been presented with a non-disclosure agreement or are considering leaving your current position for a new employer, there are several reasons why you might need a lawyer. Understanding the non-disclosure agreement (NDA) before you sign it is crucial, so we highly recommend having it reviewed by an NDA lawyer prior to signing.
A non-disclosure agreement is also known as a confidentiality agreement. It is a legal contract between parties that defines the scope of the confidential information and identify terms prohibiting the disclosure of such confidential information.
These obligations can exist between an employee and employer, with customers, joint venture parties or other parties who need access to confidential information for business purposes.
Yes. NDAs are binding legal agreements. Accepting and executing an NDA may burden you with considerable obligations. There may be broad and long-term restrictions on the information that you can disclose to others.
Technically, no. Employers write NDAs to protect themselves. However, signing one may restrict the scope of your future ability to work in your fields, and your use of the professional knowledge you gain may be contractually limited.
If you think you may have breached your NDA, or you got a threatening letter from a law firm about an alleged breach, it’s important that you speak to an attorney as soon as possible. Our attorneys are highly skilled in employee representation, and we can help clients resolve breach allegations and end the threat of litigation before it begins.
I you are considering an NDA for your business, we highly recommend having an attorney help draft it, or at the very least, review it. This will ensure that you are protected, without going overboard. Our non-disclosure agreement attorneys can conduct a comprehensive review of the NDA and address any concerns you have.
Alternatively, if you have been asked to sign a non-disclosure agreement, you should have an attorney review it with you before you sign the agreement. This will ensure that you understand the agreement and the long-term implications of signing.
To speak to an experienced lawyer about non-disclosure agreements, please contact Cook, Craig, and Francuzenko today.
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