KEEPING SECRECT BUSINESS INFORMATION SECRET

Businesses often have information they want or need to remain confidential.  However, sometimes information needs to be shared when entering into a joint venture with another business.  Use of a non-disclosure agreement can protect your information from being shared with non participating parties.

 A non-disclosure agreement is a legal contract between two to several parties that establishes the confidentiality of shared knowledge or materials and restricts third party access.  Business associates use non-disclosure agreements to make sure neither party is allowed to speak about or divulge information covered in the non-disclosure.

A standard non-disclosure includes the sensitive information to be disclosed, terms of the agreement; including time period, exceptions, consequences and waivers that affect the agreement.  The non-disclosure must be signed by all parties.

Non-disclosure agreement templates are widely available on the internet including through the SBA and SCORE.