Sunday 22 December 2013

Confidentiality Agreement

This is a legal agreement between an employer and an employee made at the time the employment is finalized. This includes all the terms and conditions that bind an employee to maintain the confidentiality involved in a job. This stops a person from disclosing the important information that is crucial for a job or the whole business. This is also known as the Secrecy Agreement or the Confidential Disclosure Agreement or non-disclosure agreement.
The benefits to the employer from this agreement is in the form of security from the disclosure of their important information, trade secrets, strategic plans, business knowledge etc. from falling into the hands of the competitors.

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