If you are a businessman or somehow manage an institution, a dilemma has likely crossed your mind: What to do to maintain the confidentiality of sensitive information whose exposure, for whatever reason, could cause some harm? To you?
Yes, we know how difficult it is to keep secrets in an era in which anyone can disclose their daily lives on the internet, even naively.
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Sometimes, all it takes is the blink of an eye for the data you wanted so much to preserve to fall into the hands of the competition.
That’s why, in this article, we will talk about the NDA and the need for lawyer like business contract lawyer new york for example.
Have you heard about this legal instrument that is so important when it comes to preserving secrets?
What is an NDA or Non-Disclosure Agreement?
The NDA with a lawyer like NDA lawyer new york for example, or Confidentiality Agreement, is an important tool for anyone working with intelligence information. We know that there is data that, if spread without proper care, can greatly harm business progress.
Maintaining the confidentiality of certain types of content guarantees strategic competitiveness that results in the acquisition of customers or, in crises, prevents the loss of consumers. Hence, the effectiveness of a confidentiality agreement, as without it, anyone within the company can leak information for various reasons, from pure and simple naivety to the most hidden objectives.
In this article, you will learn a little more about the NDA and have access to a customizable template for this type of document.
NDA is an acronym for the English term “Non-Disclosure Agreements,” which can be translated into Portuguese as a Confidentiality Agreement. Its objective is to protect industrial and commercial secrets and guarantee the confidentiality of all information that cannot be disclosed to whoever has access to it.
Projects, products, processes, services, and transactions can guarantee security through an NDA. Under the contract terms, penalties are imposed if the party discloses the information.
What is a Confidentiality Agreement for?
The NDA guarantees the company’s security about confidential information produced within it. In other words, it assures the company that those involved do not disclose data protected by this document. Thus, it allows greater peace of mind with confidential elements such as ideas, processes, projects, products, services, transactions, prices, negotiations, and suppliers.
What are the advantages of the NDA for your company?
There are some benefits for a company that works with NDA; they are:
Business competitive advantages: Each institution, whether industrial, commercial, social, or public, has its working model. Sometimes, it’s a way of using technology; other times, it’s internal processes, the ability to invest in innovation… Ultimately, each company is unique, and the way it works internally can be its biggest differentiator compared to the competition. Therefore, keeping these processes confidential generates a competitive advantage.
Preserving the image of your business: How many times have we seen a company’s image tarnished due to the inappropriate behavior of its employees? The conduct of employees cannot be controlled. If any of them reveal company secrets, the losses could be enormous. However, with an NDA signed by all company members, this risk is reduced and ensures greater peace of mind for leadership.
Control the information that can or cannot be disclosed: In the Data Era, those with the most knowledge also have the most power. Therefore, when information control is guaranteed, decisions about what to do with the data created by the company are ensured, that is, whether to disclose it or not and when and the best way to do this.
Be accessible to everyone: Individuals or companies can use the NDA to protect themselves because it is a simple and quick document requiring only a few valid formalities. It can be used between two or more companies, the company and employees, between the company and its suppliers, or even with investors.