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:
- what information is considered secret
- the length of time the signing party is obligated to keep the information confidential
Thoughts
Questions
Obstacles
Opportunties
Decisions
Tools
What are best of breed tools that match jobs to be done?
Schema
What are related concepts to master?
Links
What useful education resources are available?