Nondisclosure agreements (NDAs) are effective ways for businesses to protect their trade secrets. While NDAs can come into play during the hiring process, as new employees are asked to enter into a confidential relationship with a business, nondisclosure agreements can also be used during various business transactions when one party may be privy to the trade secrets or confidential information of another.
Because nondisclosure agreements can be key to protecting a business’ most precious information, it’s critical that these agreements are drafted by an experienced lawyer who can include the necessary terms and protections for businesses.
At the Law Offices of Darrell C. Harriman, our Santa Clarita and San Fernando Valley business attorney is experienced at drafting, reviewing and upholding nondisclosure agreements on behalf of small businesses and larger corporations alike. When you want to make sure that your business’ trade secrets are properly protected, you can rely on our San Fernando business attorney to draft the perfect nondisclosure agreements for your business.Essential Components of Nondisclosure Agreements
While the details of nondisclosure agreements can vary widely, in general, the following are the main components of NDAs:
A definition of what must remain confidential – The specific trade secret or confidential information does not have to be detailed here, but a general description of what it pertains to (so that this definition will clearly identify the information in question) should be included in nondisclosure agreements.
Exclusions from the NDA – If there are any specific exclusions to what must remain confidential, these exclusions should be listed or generally explained in the nondisclosure agreement. For instance, NDAs may have exclusions regarding any information an employee may disclose during the course of his employment with a business.
The terms of confidentiality – Specifically, nondisclosure agreements should have terms related to the fact that the signatory (i.e., the person who has signed the NDA) cannot breach the terms of the confidential relationship or incite others to breach this confidentiality.The terms of confidentiality should also include specifics regarding how long the signatory will be bound to the contract (i.e., bound to keep the information confidential). While periods of 2 to 5 years are common, the exact term should be determined by the needs of a business.
In addition to these terms, there can be much more to include in nondisclosure agreements, and taking the time to develop comprehensive NDAs with the help of an experienced lawyer now can save your business immensely in the future.San Fernando Valley Business Attorney at the Law Offices of Darrell C. Harriman
Do you need assistance developing non-disclosure agreements for your business? If so, it’s time to contact the trusted San Fernando Valley business attorney at the Law Offices of Darrell C. Harriman. For more than three decades, our San Fernando Valley business lawyer has been committed to providing his clients with personalized, highly responsive service, as well as superior representation for their important business legal matters.Contact Us Today
Let’s talk about your options regarding nondisclosure agreements. You can contact our firm by calling (818) 892-7093 or by filling out the contact form on this page.
From our offices based in North Hills, we provide the highest quality legal services to our clients throughout the San Fernando Valley, Simi Valley, Santa Clarita and the greater Los Angeles area.