Do you have a trade secret that is the lifeblood of your business? Then, as your NDA lawyer will tell you, you need to keep it hidden from the public and your competitors. That is, if you want it to retain its value to you and your profits.
Common forms of trade secrets include:
Sometimes shortened to NDA, a nondisclosure agreement can be written, oral, or simply implied through your behaviors. Oral and implied agreements can be difficult to uphold in court for even the best of business attorneys. Therefore, we always highly encourage clients to make any NDAs for their business written. In addition, you should include the signatures of all concerned parties. This will make it legally clear that they should not share with anyone else the topics you discuss or information you, your employees, and your partners work with without your explicit approval.
A nondisclosure agreement should include clauses that discuss: