Are you planning to share your business's confidential information?
If yes - make sure you and the other party receiving access to that confidential information have signed a Non-Disclosure Agreement for you and the other party’s protection!
Non-Disclosure Agreements (or NDAs, for short) are very important tool that's most effective when it's signed BEFORE any confidential information is exchanged.
A Non-Disclosure Agreement is a legally binding contract that will outline the possible penalties if one or more of the parties were to violate the terms of the confidentiality agreement.
An NDA is required when the confidential information including trade secrets, proprietary processes, client information and lists, marketing strategies, or any other valuable or sensitive information are shared to someone else.
Wondering when to sign an NDA?
Generally, ANY TIME you're sharing your business's confidential information, whether that's with your employees, contractors, service providers, customers or others.
Before the due diligence process begins in the purchase and sale of a business.
Prior to discussions with a potential investor in your business.
We can help advise you and create an NDA that protects you, your business and its confidential information. And we'll make sure it's tailored to your specific needs!
Please contact Serna Legal Services at (312) 601-9859 or info@sernalegalservices.com if you’d like to learn more about WHEN YOU SHOULD REQUEST/SIGN A NON-DISCLSOURE AGREEMENT?
This content is published by Serna Legal Services, LLC and is available for informational purposes only and is not considered legal advice on any subject matter. By viewing this content, the reader understands there is no attorney-client relationship between the reader and the publisher. The content should not be used as a substitute for legal advice from a licensed professional attorney, and readers are urged to consult their own legal counsel on any specific legal questions concerning a specific situation.
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