Confidentiality And Non-Disclosure Agreement: Fill & Download for Free

In the simplest of terms, a non-disclosure agreement (NDA) is a contract between parties that limits how information can be shared with others outside the contract. Other names for the document may include:Confidentiality Agreement (CA)Confidential Disclosure Agreement (CDA)Secrecy Agreement (SA)Propriety Information Agreement (PIA)The most pertinent information you should include:Definition of confidential informationAll parities involved in the contractSpecific termsDuration of all termsAllowed use of the informationResponsibility of legal fees (should litigation occur)Non-binding clausePotential remedies in the event of a breachOf course, a non-disclosure agreement does not cover everything, including information that is considered public.If you need help crafting a non-disclosure agreement, reach out to my company, LawTrades. We can connect with you a seasoned contract attorney that can create the most solid NDA to protect your business. If you have other quick legal questions, you may be interested in LawTrade Micro. It’s a simple and affordable (usually $25) way to request an answer from an attorney and receive a customized response within 48 hours. Hope to hear from you!

This is a prime example of a question that a lot of people wonder about, yet never ask. As Dana and Joshua have pointed out, a confidential disclosure agreement (CDA) and a non-disclosure agreement (NDA) are the same thing, and can be used interchangeably. Both agreements function as a contract between two or more parties agreeing that certain information exchanged between them will not be disclosed to others. You may run into even more names for this type of agreement, such as a confidentiality agreement, proprietary information agreement and secrecy agreement. It really makes no difference which one you use.What does make a difference is that your agreement contains the necessary components. A solid NDA / CDA will describe the parties involved, the type of information that is deemed confidential, information excluded from agreement, the repercussions for failing to keep the relevant information confidential, and the term of the agreement. Your agreement may include other provisions depending on your company’s specifics - that’s why it’s important to consult with an attorney rather than relying on a “do it yourself” website. You want to ensure your agreement hits the necessary points.Trade secrets and intellectual property (IP) can be the most valuable assets for a company so it’s worth drafting a strong agreement to protect them. Feel free to check out LawTrades to have a skilled business attorney draft a CDA or NDA particular to your company.

Properly drafted and executed non-disclosure agreements are generally binding on the employee that signed it. Generally speaking, a non-disclosure agreement should identify the following:the parties to the agreementthe information that is deemed confidentialthe scope of the employee’s confidentiality obligationsexclusions from confidential treatment (such as information in the public domain)the term of the agreementTypically, a non-disclosure agreement will acknowledge that damages are not sufficient to compensate the company and provide the company with the right to seek injunctive relief. The company can then seek both injunctive relief and damages from a court through enforcement of the non-disclosure agreement based on the extent of the employee’s breach.The next step would be to have an attorney review your non-disclosure agreement and outline the options you have for enforcing the agreement. If you need assistance in finding a lawyer, LawTrades can connect you with one of the vetted attorneys in our nation-wide network of practitioners for a free 20 minute consultation for you to share your situation and see how the attorney can assist.