Definition:
Confidentiality agreements, also known as nondisclosure agreements, ensure that proprietary information disclosed by one party will be kept secret by another party. Such agreements are often the only method to ensure that employees keep trade secrets, allowing both parties to acknowledge that a duty of confidentiality exists, defining the scope of the duty and spelling out the possible remedies or sanctions associated with the breach of the duty.
Related Terms:
Trade Secrets
Intellectual Property
Trademark
Related Information:
U.S. Department of Labor Definition of a Trade Secret
Intellectual Property
Legal Resources for Small Businesses
Related Books:
Nondisclosure Agreements: Protect Your Trade Secrets and More
Protecting Your Company's Intellectual Property: A Practical Guide to Trademarks, Copyrights, Patents & Trade Secrets
More Books about Business Law
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