Aldrich Law Firm, Ltd.
Aldrich Law Firm, Ltd.

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What is a nondisclosure agreement?

Among the many types of contracts that may be utilized by individuals or businesses alike in Nevada, the non-disclosure agreement is a relatively common one. Despite this, it is not always well understood. Before you embark down a path without one or even before you sign one, you should understand these special types of contracts so you know when they make sense for you and what provisions you should be sure to include.

As explained by Forbes, there are a variety of situations that may warrant the use of non-disclosure agreements. Companies may use them with employees who need access to confidential documentation or with other companies that they may do business with that will need such details in order to perform their contracted duties. This informatoin may be about finances, products or services or even marketing and sales plans. Presenting intellectual property plans to potential investors or licensees is another situation in which a confidentiality agreement might be warranted.

When developing a non-disclosure agreement, one of the most important things is to ensure that the details of exactly what must be kept confidential are detailed. This should include the ways in which certain information is and is not allowed to be communicated. Any information that is outsdie the scope of the agreement should also be detailed in the contract.

This information is not intended to provide legal advice but is instead meant to give Nevada residents and business people an overview of non-disclosure agreements and when they may be important to have.

John P. Aldrich
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