Find out how to protect sensitive or proprietary information from unauthorized disclosure.
Find out how to protect sensitive or proprietary information from unauthorized disclosure.
A confidentiality agreement is a legal contract that ensures the receiver of specific, private information will not share that information with anyone outside of the agreement. This information could be between business partners, employers and employees or contractors, or businesses and their clients. It could exist in written, graphic, oral, or electronic forms. A nondisclosure agreement is a common type of confidentiality agreement that protects the disclosing party while providing them the ability to pursue legal remedies if the receiver shares the privileged information, but it is not the only kind.
The definition of confidential information is broad, and it includes anything the disclosing party (the party sharing the information) does not want made available to the public or competitors.
There are a few different types of agreements you can use to protect business information.
These are one-way agreements in which one party promises not to disclose information provided by the disclosing party.
These are mutual agreements that require each party to agree to keep the other’s secrets.
It’s difficult to bring an invention from concept to market without help, and approval of patent applications can take years. With an inventor agreement, an inventor can share confidential intellectual property with employees or consultants without fear of disclosure.
There are three basic types of NDAs:
As with any other contract, you should get legal advice from a lawyer who specializes in contract law before you finalize any business relationship. Also, as with any other contract, a confidentiality agreement should include the names and addresses of the parties to the contract. It should also include:
Learn more about how going digital with your agreements can help your business. Starting with confidentiality agreements, German agriculture firm KWS SAAT SE used Adobe Acrobat Pro and Adobe Acrobat Sign to speed up their document processes. “Adobe’s digital document solutions help us master every step on our path to becoming a paperless company. We will see an enormous potential for efficiencies,” says Jens Hittmeyer, the company’s head of Corporate Information Technology.
Novozymes, the world’s largest enzyme producer, adopted the Adobe e-signature solution to smooth the contract creation process. The Novozymes legal department sends and signs approximately 300 contracts per year to multiple signees all over the world. With Acrobat Sign, the company reduced the time it takes to complete a contract by more than 93 percent.
Go digital with Adobe Acrobat Pro to save your business time and money. It’s easy to create a confidentiality agreement template. After you’ve run it by your law firm, turn your Microsoft Word document into a PDF, add fields for the receiver to fill out and sign, send it out for e-signature, and track the contract’s progress. Instead of taking days to complete confidentiality agreements, you can get them done in minutes — and get on with your work.
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