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Confidentiality Agreements Guard against Theft of Proprietary Information

A confidentiality agreement is also known as a non-disclosure agreement. It is a legally binding contract to prohibit the recipient’s use of confidential information, except where expressly permitted under the agreement. In a competitive corporate world, information is valuable, and non-disclosure agreements are becoming more common. This document is used in the context of employment, including independent contractors, vendors, and consultants. Additionally, potential business partners, investors, and outside manufacturing companies may be required to sign an agreement to guard against the theft of proprietary information.


Examples of Protected Information are:


  • Trade secrets
  • Chemical formulas
  • Business plans
  • Computer software
  • Intellectual property
  • Recipes
  • Scientific information
  • Copyrights
  • Engineering plans
  • Patent applications
  • Marketing plans
  • Business transaction details


For Employers


It is vital to have an experienced contract attorney when drafting a confidentiality agreement. At Myers Law Group, P.A., we know the key terms and conditions that ensure a contract is enforceable in a court of law. When there is a breach of a confidentiality clause, we understand it can have a devastating effect on a company. As experienced litigators, we are always prepared to represent our clients in court. We can file for an injunction to prevent the violating party from continuing to share proprietary information. Our attorneys can seek compensation for losses resulting from the breach.


For Employees


 If you are being asked to sign a confidentiality agreement, it is vital that you understand what is considered confidential information and the ramifications of sharing it with a third party. Our attorneys at Myers Law Group, P.A. review confidentiality agreements and counsel clients on their exposure and liability if they commit a violation. If you are being accused of violating a confidentiality agreement, let us review the case. We can challenge the allegations based on the legitimacy of the business purpose, the geographical scope, or the time limits in the contract.

 

Provisions in a Confidentiality Agreement


A unilateral confidentiality agreement is drafted when only one of the parties is prohibited from sharing information. A mutual confidentiality agreement is a document that prohibits both parties from communicating proprietary information to a third party. A contract must identify the information that is prohibited from disclosure and include the duration of the protection. It should include the enforceability rights of the party seeking non-disclosure, such as an injunctive clause and compensation for losses should a breach occur. The agreement should include any exclusions to non-disclosures, such as information requested by the government or other sources.


Protecting Confidential Company Information is Vital for Success


Contact the Myers Law Group, P.A., for further information or questions regarding confidentiality agreements. Our high-caliber contract attorneys provide long-term solutions for all employment and labor matters. We best serve our clients by staying current on the most recent Florida legislation and labor laws. Our office is located in DeLand, Florida, and can be contacted at 386-873-7835. We represent clients in Volusia, Seminole, and Orange Counties, Florida.





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DeLand, FL 32724

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Phone: (386) 873-7835

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