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Non Disclosure Agreement

What routine checks and balances needs to be setup to manage this process optimally?

The main objective of a Non-Disclosure Agreement is to prevent an outside organisation from sharing or exploiting information about your firm.

When a party signs an NDA with you regarding your confidential data, they agree not to distribute or use it for their personal benefit.

Use Cases

While an NDA is a legally enforceable instrument, it doesn't guarantee that the violating party will face legal action, but provides the Non-Breaching Party legal grounds to sue the Breaching Party.

Fundamentally an NDA prevents an external party from disclosing sensitive information, Non-disclosure agreements are routinely signed with:

  • Investors
  • Partners
  • Creditors
  • Employees
  • Advisors
  • Clients
  • Suppliers

These agreements define:

  1. what information is considered secret
  2. the length of time the signing party is obligated to keep the information confidential

Thoughts

Questions

Obstacles

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Decisions

Tools

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Context

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What useful education resources are available?