Non-disclosure agreements, commonly known as NDAs, are a
ubiquitous type of contract in many industries. NDAs can be useful
in all sorts of situations, such as when companies look to work
together on joint projects, when a party seeks investors, when an
employee needs to use confidential information on the job, when a
customer shares private data, or when parties agree to a legal
settlement. It is important to craft these agreements carefully to
protect your sensitive or confidential information.
The main goal of an NDA is to protect confidential information,
so the most essential thing it must include is a defined scope of
what is covered. This may be as broad or as general as you wish, so
long as it is reasonable. If it is too onerous or unreasonable, a
court will be unlikely to uphold that agreement. There are several
types of common exclusions from confidential information, which
include information that is: (1) already known to the receiving
party, (2) publicly
