Quatela | Chimeri, PLLCSuffolk County and Nassau County Family Law Attorneys
Get the legal guidance you need.
631-482-7211

WHAT IS AN NDA AND WHY DO THEY MATTER?

Many different companies are successful because of the specific product they provide and the ability to keep the makings of said product a secret. This is especially important for tech companies. The ability to control sensitive information, making sure it stays within the company, is critical.

Many times this is done through the application of a non-disclosure agreement (NDA) that's signed by employees when they begin work for a particular company. Especially if you're a new company, it can be important to seek legal advice on what to include in an NDA in order to protect your assets. Call us today at Quatela, Hargraves, & Chimeri, PLLC to discuss specifics pertaining to your company's needs. In the meantime, check out these inherent facts about NDAs that are important to know.

What is an NDA?

An NDA is a contractual agreement, typically between an employee and employer, specifically stating that any exchange of confidential information about products or processes is to remain confidential and not to be made public knowledge.

Uses of an NDA.

This contractual agreement is meant to protect information from reaching the public and allowing others to take advantage of proprietary information or trade secrets in order to make money. Along with use in employer/employee relationships, NDAs are also important when searching for investors or working with outside contractors in order to maintain secrecy while still bringing in valuable assets.

Types of NDAs.

There are two types of NDAs that are commonly used: unilateral and bilateral NDAs. A unilateral NDA is the most common and is the one that's used when an employee makes an agreement not to share a company's proprietary information. A bilateral NDA involves the mutual agreement to disclose information to one another but not outside of that setting. This is typical in joint ventures or investments.

For further information on how NDAs can be beneficial to your company, contact us today!

No Comments

Leave a comment
Comment Information

Get Answers From A Focused Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Quatela Chimeri, PLLC
888 Veterans Memorial Highway Suite 530
Hauppauge, NY 11788

Phone: 631-482-7211
Fax: 631-482-9707
Hauppauge Law Office Map

Visa MasterCard American Express Discover