WHAT IS A NON-DISCLOSURE AGREEMENT?
A non-disclosure agreement is a legal document that prohibits an individual or entity from disclosing unauthorized information to any other person or entity. Non-disclosure agreements may be used in a variety of different circumstances including but not limited to civil trials, intellectual property agreements, employment agreements, real estate transactions, partnership agreements, and shareholder agreements. For example, non-disclosure agreements may be used by certain individuals or businesses during a civil litigation settlement to ensure the terms of the settlement are not disclosed to the public. A non-disclosure agreement must provide details about the confidential information, the scope of the confidentiality, the term of the non-disclosure agreement, and remedies for breaching the non-disclosure agreement. It is recommended to consult an experienced business lawyer to draft or review your non-disclosure agreement to ensure it is enforceable and not overly restrictive on the parties.
If you have been asked to sign a non-disclosure agreement, contact us today to set up an initial consultation.
Disclaimer: The information contained in this article is not to be construed as legal advice. The content is drafted and published only for the purpose of providing the public with general information regarding various real estate and business law topics. For legal advice, please contact us.
About the Author:
Shahriar Jahanshahi is the founder and principal lawyer at Jahanshahi Law Firm with a practice focus on representing business star-ups and investors in the province of Ontario. For further information about Shahriar Jahanshahi, click here.