Appropriate Confidentiality Agreement For An Industry

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Also known as the non disclosure agreement, the confidentiality agreement is something that is to be found permeating across all borders and in almost all multinational companies across the world. This is not an agreement that is to be found specific only to local companies, or for that matter companies of a certain country.

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Appropriate Confidentiality Agreement For An Industry:

Appropriate Confidentiality Agreement For An Industry

Slide 2:

Also known as the non disclosure agreement, the confidentiality agreement is something that is to be found permeating across all borders and in almost all multinational companies across the world. This is not an agreement that is to be found specific only to local companies, or for that matter companies of a certain country. This is to prevent any sensitive data of a company getting leaked onto the proper to the medium. This is more or less a legal contract between two parties, but in this case happens to be the employer and the employee, and it simply states that the employee, when leaving a company would not be able to disclose any of its secrets to any other company that he or she is employed.

Slide 3:

Furthermore , there are also clauses such as not working in any other company that is perceived to be a competition or not working in the same industry for a specific amount of years. This is to ensure that most of the technology that is undergoing research and development by one company is not taken up on by that particular employee on another company. This could end up resulting in copyright issues, Patent frauds and also contention that could run into billions of dollars.

Slide 4:

So , confidentiality agreement is basically a legal agreement that would have lasting implications on the employee in case he or she manages to circumvent these features, and goes about parading the secrets of one organization to another one . For more information about non disclosure agreement ,visit this website.

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