When Do You Need A Non-Disclosure Agreement?

NON-DISCLOSURE AGREEMENT ('NDA')

• An NDA is used to protect the secrecy of a business's confidential information that it shares with others.
• An NDA prevents unauthorised disclosure of confidential information by the receiver.

EXAMPLES OF CONFIDENTIAL INFORMATION

Examples of of a business's confidential information include its:

• business/marketing plans
• customer lists
• developments
• innovations
• know-how
• financial information

4 SITUATIONS AN NDA IS USED TO PROTECT CONFIDENTIAL INFORMATION

1. WHEN pitching your business idea to potential investors and sensitive and confidential information may need to be disclosed.
2. WHEN you want to engage services from others (such as consultants) who will be provided with your business's confidential information.