A few years ago, I was in a pretty serious car accident. During the aftermath, I became really familiar with a lot of different types of lawyers. I worked with personal injury lawyers, insurance lawyers, and many others. Perhaps the most important, though, was the estate planning lawyer. I was really young, and neither my wife or I had thought about starting a will. But the accident kind of scared us into it. What would happen if one of us were to die? Even when still in the hospital, I was working with the lawyer to draw up a will. Now, I have some peace and security about what the future will be like if something should happen to me. And I have a lot of experience working with various types of lawyers! The accident was kind of a blessing in disguise in that way.
If your company is showing or sharing sensitive information to parties outside of your company, then you want to protect this information as best you can with a non-disclosure agreement. It ensures information must be kept private from a legal standpoint. You should consider hiring a commercial lawyer when drafting up one of these agreements for a couple of reasons.
Make Sure It's Legitimate
If you attempted to create your own non-disclosure agreement, you may do things that void it from being legitimate. Then if your information is leaked on purpose or by accident, you have no legal recourse because the NDA (non-disclosure agreement) is invalid.
Don't let this happen. Hire a commercial lawyer that is well versed in the contents of these documents and proper procedures that make them legitimate. Then you can rest assured the NDA is set up properly to protect your company and its sensitive information.
Show When NDAs are Appropriate
There are going to be work situations when NDAs are appropriate and when they aren't. Rather than guessing when to use them, you should just hire a commercial lawyer. They know exactly what circumstances would call for one of these contracts.
Getting their opinion and confirmation can save you a lot of legwork if it's not really needed. You can talk to a commercial lawyer any time when a possible NDA situation comes up and get the direction you need to move forward.
Properly Define Confidential Information
A huge element in any NDA for a company trying to protect assets or ideas is properly defining what type of information your company deems confidential. You need to know this, but so does the recipient of the NDA.
You will have an easy time defining this information and structuring it in a way that's easy to understand by working with a commercial lawyer. They'll highlight the confidential information that needs to be kept private, as well as form it in a way that's easy to read in this agreement. This way, there is no confusion at all for recipients that receive NDAs from your company.
NDAs are extremely important for companies talking to different parties about important information that needs to be kept away from the public or competitors. If you hire a commercial lawyer to draft these special agreements, they will have the right structure and be legally binding. To learn more, contact local commercial lawyers.
Share10 August 2021
