Strict confidentiality agreements enable smooth collaboration
Do you want to work smoothly with your partner while being confident that the other party will not steal your ideas, business opportunities and important company information? Confidentiality agreements or non-disclosure agreements (NDA) with clear understandings provide assurance that your interests are protected. Such an agreement can be unilateral or bilateral, depending on the input of the parties. Is a penalty clause required in an NDA? How long must confidential information remain confidential? What can you do if confidentiality is breached?
