Confidentiality Clause

Confidentiality Clause

January 22, 2020

Confidentiality clause is that part of an agreement that prevents the other party to the agreement from revealing vital information that they became privy to as a result of being a part of the agreement without proper authorization. This is also in some cases referred to as a “Non-disclosure Agreement”.

A confidentiality clause is essential in an agreement and cannot be overlooked and this is because a confidentiality clause protects commercial trade secrets or information that are valuable to the company or the party that owns it.

Also, a confidentiality cause gives parties to an agreement the freedom to deal with each other freely by revealing information of the company for the advancement of the contract with the assurance that the information disclosed is safe and unexploitable. In such an agreement, parties must maintain the information conveyed and not reveal it to a third party for their benefit or the benefit of a third party.

Finally, including a confidentiality clause in an agreement or contract makes you legally protected. This is because you have a valid cause of action before a court of competent jurisdiction. Disclosure of a confidential information can cause a breach of the contract/agreement and the defaulting party may be asked to pay for such a breach.

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.

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