Enforceable Nondisclosure Agreements: Protecting Trade Secrets and Other Confidential Business Information

Description

Businesses considering a new product or service or entering into a joint venture with another party or company often use NDAs, also known as confidentiality agreements, to protect trade secrets, intellectual property, and other confidential information from misappropriation by the parties with whom they discuss their ideas.

NDAs protect the exchange of information, knowledge, or materials not publicly known or available and which have value by virtue of being kept secret. Failure to enter into an NDA at the start of business discussions may lead to litigation if one party develops a similar service or product following their access of information subject to the discussions.

Well-drafted confidentiality agreements outline the definition of confidential information, the parties with whom the data can be shared, the time frame the NDA governs, and various other critical terms. Business counsel must understand the latest drafting techniques and common challenges in negotiating terms to provide useful guidance to their clients.

Listen as our panel of experts outlines best practices for negotiating and drafting NDAs based on their extensive experiences with these types of agreements. The panel will examine provisions commonly included in the agreements, typical exclusions, and potential legal pitfalls facing businesses engaged in NDA contract negotiations.