To maintain your business’s competitive advantage, using a Non-Disclosure Agreement is a way to ensure that the proprietary information you’re sharing with another person or organization won’t become public. Having a Non-Disclosure Agreement helps protect your intellectual property, like your trade secrets, from getting into the wrong hands. Get it in writing before sharing any confidential information, so both parties understand their duties and privileges. Obviously, not all of a business’s dealings are confidential. If a Non-Disclosure Agreement is breached, the party who revealed the confidential information could be sued for damages, be forced to pay back lost profits, and in some cases, be held in contempt of court.
To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.