Most, if not all, businesses have secret information that gives
them a competitive edge or expertise in their trading field.
Guarding those secret may be essential to conducting their
successful business. However, some degree of disclosure is
inevitable. Employees will need to be kept in the loop and as the
business grows, confidential information may need to be disclosed
to potential business partners, suppliers, ex-boarders, clients and
financial distributors.
Confidentiality Agreements are used in a variety of fields to
ensure that confidential information stays confidential. In these
agreements, the recipient of information undertakes to keep it
confidential and indemnifies the disclosure against any liabilities
and damages they may suffer if the information is disclosed,
without authorisation. These agreements may operate in a one way
fashion. For example, an employer may disclose confidential
information to an employee who is under an obligation not to
disclose
