NON-DISCLOSURE LIABILITY – IMPORTANT ATTRIBUTE OF THE COMPANY

Any commercial relationship involves the exchange of information. Leakage of information in skilled hands can cause major problems, up to the impossibility of further business. Prevent, or at least reduce the risk of such an incident, will help a qualified lawyer who will make the appropriate agreement.

 What information can be considered confidential?

 Among all the data that are considered commercial, there are several main categories:

1. Financial. These are data on the amounts, value of assets, availability and amount of money in accounts and at the box office;

2. Payment. This is the value of transactions, goods, services provided, the amount of payments, tax conditions and more;

3. Author's. Often the company's products are developed at his expense and on his initiative. The organization has invested in development and testing;

4. Production. Data on equipment, production technology, raw materials used and so on.

 The above information, as well as other necessary information may be documented in the provisions of trade secrets in the company.

 How to draw up a non-disclosure agreement?

 A non-disclosure agreement is a type of agreement. So, it has all its attributes.

 The agreement is made in the number of copies equal to the number of signatories. The header of the text indicates the place of its signing. The number is also assigned, and the date of compilation is fixed. The following is a list of all parties to the agreement. Both the party requesting confidentiality and the persons to whom these requirements are addressed.

The general provisions explain the following points:

• what information is in question;
• how the host party receives this data;
• where data transmission is recorded. Who keeps a log of such a transfer;
• sequence of actions when intending to disclose information. It indicates whether a written notice of such intention is required and the time limits for its submission;
• the media on which the data is stored and transferred are listed.

Next in the text are the sections:

1. Responsibilities for data storage;

2. Responsibility for disclosure;

3. The final part indicates the full details of the parties.

 As mentioned above, the agreement on the protection of trade secrets is sealed with signatures and seals.

 If you face problems with information leakage or enticing customers by your employees - contact the law firm  "Prikhodko and Partners".