Employee Confidentiality Agreements in Florida
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What is an Employee Confidentiality Agreement?
Confidentiality agreements (CA) are also known as non-disclosure agreements (NDA), confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement (SA). These are legal contracts between at least two parties that exchange promises to keep information shared or learned confidential and reasonably protected from third parties.
Generally, in a confidentiality agreement parties agree not to disclose “non-public” information covered by the agreement. The agreement creates a confidential relationship between the parties where one party or both take on responsibilities to reasonably protect information such as confidential information, proprietary information, or trade secrets.
Confidentiality agreements are commonly signed when two companies, individuals, or other business entities are considering a business transaction requiring “Due Diligence.” The parties for example, may need to understand the processes used in each other’s business for the purpose of evaluating a potential purchase or merger.
Confidentiality agreements may be “mutual” (also known as “Bi-Lateral”), meaning both parties are restricted in their use of the materials provided, or they may be “unilateral” meaning the agreement restricts the use of material by a single party.
It is also possible for companies to use employee confidentiality agreements in Florida. Many companies utilize Florida employee confidentiality agreements, requiring employees to sign an confidentiality or non disclosure like agreement with an employer. Some Florida employment agreements will include a clause restricting employees’ use and dissemination of company owned confidential information.
Does all this sound a bit daunting?
Don’t worry. Our South Florida confidentiality agreement attorneys serve clients in Palm Beach County, Broward County, Miami Dade County, and throughout Florida.
We can help.
Our confidentiality agreement lawyers in Florida can assist you in designing and drafting confidentiality agreements for use in sharing information about your business with the confidence of confidentiality. In addition, we can protect your business and trade secrets with Florida employee confidentiality agreements that if breached allow business owners to be compensated for the loss of their critical trade secrets and proprietary processes.
If you need assistance drafting confidentiality agreements in Florida please call.
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