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Make sure you have a legal confidentiality agreement

Confidentiality is a way of life when you run a business. If your secrets get out, then other businesses could steal the things you've learned and created for yourself, giving them an edge over you and eventually putting you out of business. To avoid having this happen, it's a good idea to get a confidentiality agreement with anyone you hire. That agreement would hold them personally accountable if they gave away company secrets.

When you create a confidentiality agreement, you have to make sure it's legal. For instance, if you make an agreement that is too broad, the court may not be able to uphold it. What would be better is to create a very specific agreement in which you state exactly what kinds of information your employees or contractors may or may not share.

How do you design a great confidentiality agreement?

Make one that's easy to understand. You want to know that anyone who signs it can understand it well and agree to the terms. Most people will agree without putting too much thought into it, but for your own sake, it's best to cover your bases and create a contract in layman's terms.

Another thing you can do is have your attorney review the nondisclosure agreement to make sure it's legal. It's worth a visit to your attorney to draw up a solid agreement, so you don't have to worry about losing money in the future because of leaked information. Our site has more about confidentiality agreements and what they can and are supposed to do for your business.

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