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

Description

Businesses considering a new product or service or entering a joint venture with another company often use NDAs, also known as confidentiality agreements, to protect trade secrets, intellectual property and 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. 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.

Well-drafted confidentiality agreements outline the definition of confidential information, the parties with whom the data can be shared, and the time frame the NDA governs. 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 seasoned in negotiating and drafting NDAs outlines best practices based on their experiences with the contracts. The panel will examine provisions commonly included in the agreements, typical exclusions and potential legal pitfalls facing businesses engaged in NDA contract negotiations.