Non-disclosure agreements (NDAs) exist to prevent contracting parties from disclosing confidential information. We deal with NDAs often. But we’re not the only ones. NDAs are actually one of the most common commercial contracts.
A good NDA:
- protects your ideas and information;
- prevents people from disclosing your information; and
- helps you comply with your legal responsibilities (if any).
They are different to data processing agreements (or DPAs).
The different flavours of Non-disclosure agreements
There are generally two flavours of NDAs:
- Unilateral (or one way) – only you are providing confidential information to someone else. Confidential information is only going one way – from you to them. The obligations only flow one way.
- Reciprocal (or two-way) – each party is providing confidential information to the other. Confidential information is only going two ways – from you to them, and from them to you. The obligations flow both ways.
Depending on the circumstances you should use one or the other. You do not want to create obligations for yourself to keep things confidential unless you have to.
How we can help you
We can:
- Assist you with understanding your obligations by reviewing an NDA for you; or
- Help you protect your confidential information by providing you with a template NDA tailored for your requirements.
Our NDA template
We can provide you with a ready-to-sign once-off document or a template tailored to your requirements. You will receive a document that is:
- professional, good quality and is well-drafted by experts
- editable – so that you can change it for your specific needs
- up-to-date with the latest laws and includes up-to-date clauses
- short and in plain language, but still comprehensive
Who is a Non-disclosure agreement suitable for?
Anyone who wants to prevent the disclosure of the confidential information that they provide to someone else.