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Non Disclosure Agreement (Drafting)

In the era of commerce and trade everyone is interested in executing new plansand idea. As a businessman there are many times when you need to share your plans, strategies, ideas with the employees and other person, you may worried about whether the employee will share the said confidential information to anybody, that the competitor will steal your plansand ideas to improve their own business . There is an easy way to remove all this worries. You can use non-disclosure agreement to protect your company’s confidential information each time.

NON DISCLOSURE AGREEMENT

 

BASIC INFORMATION

 

In the era of commerce and trade everyone is interested in executing new plansand idea. As a businessman there are many times when you need to share your plans, strategies, ideas with the employees and other person, you may worried about whether the employee will share the said confidential information to anybody, that the competitor will steal your plansand ideas to improve their own business . There is an easy way to remove all this worries. You can use non-disclosure agreement to protect your company’s confidential information each time.

 

Non-Disclosure agreement is also known as confidentiality agreement. It is a contract between two parties that prohibit the other party from sharing of information that has been disclosed them.

 

FEATURES OF NON-DISCLOSURE AGREEMENT

 

1. PROTECTION OF BUSINESS IDEAS : Non-Disclosure agreement protects the business ideas. The information which will be considered as the confidential information is defined in the clause of the confidential information.

 

2. KEEP A COMPETITIVE EDGE : By signing a Non-disclosure agreement employees are bind to not to disclose the secretes of your company or projects of your company with anybody. And also non-disclosure agreement One of the biggest benefits to a non-disclosure agreement is the help you help keep your competitive edge. As the employee of your company are bind to not to share your secrets and projects with anybody it helps you to keep your projects under wraps until they can be developed or patented. And it also ensures that the other companies don’t take your ideas or your plans.

 

3. PROTECT NEWS ON GROWTH : If your company is not publicly traded company then Non-disclosure agreements helps you to protect the growth of your business from being made public. With a non-disclosure agreement in place, you have time to get your affairs in order and quietly reorganize.

 

4. IMPORTANT IN LEGAL MATTER : If you will not sign the non-disclosure agreement the Court is not going to protect you in the matter of leakage of your secrets. You will only leaving yourself open more to court scrutiny and heartache. The court is more likely to favor you in the event one of these agreements is shown. This agreement shows the court you are doing what you need to, in order to protect yourself.

Documents


Passport Photo

Passport photo of all parties


Aadhar Card

Aadhar card of all parties.


PAN Card

PAN card of all parties.


Utility Bill

Utility bill of Electricity or Telephone.


Address Proof

Entity Address Proof of all the parties.


Licence

Valid Driving Licence of all the parties.


Terms and Conditions

Terms and Conditions between the parties.


Other Documents

Other documents will be intimated through e-mail.

FAQ

A non-disclosure agreement is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. In this case, it may be called a mutual non-disclosure agreement.

A non-disclosure agreement is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. In this case, it may be called a mutual non-disclosure agreement.

NDAs are legally enforceable contracts, but they're now coming under increased scrutiny from lawmakers, attorneys and legal experts. Companies often use them as part of an employment contract or settlement agreement to protect sensitive information — like trade secrets.

The party to be charged must have signed the contract. Since the NDAs benefit you, so long as the other party has signed, that should be sufficient.

No, non-disclosure agreements do not have to be notarized to be enforceable.

Typically, the standard use for NDAs ranges from 1 to 5 years. However, this all depends on the nature of the transaction or market conditions. As an employer or business owner, it is in your interests to enforce an NDA for as long as possible.

Confidentiality Agreement is used when a higher degree of secrecy is required. Non-disclosure implies you must not disclose personal or private information. But keeping confidential implies you be more proactive in making sure information is kept secret.