You will want to reach for NDAs (also known as non-disclosure agreements or confidentiality agreements) before disclosing your confidential business information to anyone as part of a business conversation.
What do NDAs do?
NDAs aim to ensure:
What are the limits of NDAs?
NDAs, however, do have limitations. You should note that a confidentiality agreement cannot provide absolute protection for your confidential information. If the confidential information is used or disclosed in breach of the agreement, it may be too late or expensive, for you to seek a remedy. You should know that:
What can I do to maintain confidentiality?
As NDAs have limitations, you should also be thinking about taking practical measures to protect your confidential information. You should, of course, only disclose what is absolutely necessary and consider:
Do you need advice about your NDA? Get in touch.