A non-disclosure agreement contains the details of the parties to the agreement and a thorough definition of confidential information as well as all the types of information this includes. It will also cover other obligations, such as the requirement of non-solicitation of employees, contractors, customers and vendors, and the duration of the agreem...

Non-disclosure agreements can be used for various reasons, but they are most commonly used by businesses. For example, a business owner may ask an employee, consultant or independent contractor to sign an NDA to prevent the disclosure of confidential information, which may include business know-how, customer information or trade secrets....

If you discover that your legally binding NDA is breached, contact a lawyer immediately. It's a good idea to locate and store any records related to the events that are available. You may need to prove how the breach of information has caused damage to your business. You have the option to claim compensation for the damage that has been caused....

A non-disclosure agreement (NDA), or confidentiality agreement, is a legal agreement that is used to protect confidential information. The disclosing party asks the recipient to sign the agreement in order to maintain confidentiality and comply with the terms of the agreement....

A non-disclosure clause prohibits the disclosure of confidential information to third parties, a non-compete clause prohibits specific activities that compete with a business and a non-solicitation clause prohibits solicitation of a business's customers, employees or similar business relationships. Also note that a non-circumvent clause is a similar...

If your legally binding non-compete agreement is breached, it is best to act quickly. Where irreparable damage is caused to your business, you may be able to obtain an injunction to prevent the promising party from taking further action. If an injunction is not appropriate or is not granted, you have the option to claim compensation for the damage t...

LegalNature makes it easy to create a non-compete agreement to fit your needs. Simply follow our step-by-step instructions to create a thorough agreement. Our document questionnaire allows you to customise the terms of your agreement, including the duration of non-compete and non-solicitation obligations, the geographic location where such provision...

Non-compete agreements are tailored to the protected party's specific business needs but generally include information about the scope of the agreement and the duration. The scope includes information about the definitions and terms of the agreement. It is important that the non-compete clause is tailored to be as narrowly restrictive as possible. C...

It is wise to limit the time frame as much as possible so as to not be overly burdensome on the promising party while still protecting the protected party's interests. Anything between three months and two years is generally accepted, depending upon what is reasonable under the circumstances. For example, if the protected party operates in an indust...

The two main protections the agreement provides is non-competition and non-solicitation. Non-competition means that the business is protected from competition from other parties to the agreement, such as employees, contractors or other businesses. Effectively, these parties are prevented from engaging in competitive activities in places where the bu...