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What Is a Nondisclosure Agreement?

Some small businesses may need to implement a nondisclosure agreement in situations where confidential information is at hand. A nondisclosure agreement is something that can be used to ensure confidential information stays within the business and isn’t shared with others. Not sure if you need to incorporate nondisclosure agreements into your business situation? Call our Cary small business lawyers. We can help you.
There are many reasons why a nondisclosure agreement might be needed, including but not limited to:

  • To protect sensitive information that should not be released to parties not involved with a particular instance.
  • To shield new product or service development and concept ideas from those that may want take the ideas or works in progress without permission.
  • To outline private information that should not be disclosed to anyone other than those involved in a project or design process.
  • To disclose what is fair to share and speak about outside of the nondisclosure agreement.
  • To help protect rights of ideas, products, or services not yet revealed to the public.
  • Those who sign this agreement are upheld by the law to keep any and all information pertaining to the nondisclosure from parties that are not a part of the work.

In small businesses, there are different types of nondisclosure agreements that can be used. They vary depending on the need. In our next blog post, we will talk about these individual agreement types so that you will better understand which one would be appropriate for your particular situation. As always, if you have any questions or need to speak to our lawyer about this type of agreement be sure to contact our law office.
If you are getting ready to start your own business and need help forming a sound-tight article of incorporation, contact our firm today. Eldreth Law Firm are a great small business lawyer firm. Our Cary small business lawyers will get your business on the right track from the beginning without having to worry about legal issues or law violations.

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