Non-disclosure agreements, or NDAs, give you the ability to protect what makes your business special. Major multinational corporations use NDAs to keep their trade secrets confidential, but small and medium-sized businesses may need these agreements too. Below are answers to the most common questions about these contracts and how your attorney can protect some of your most valuable assets.

Top Questions About NDAs Answered 

What does an NDA do?

A non-disclosure agreement prevents others, including employees, partners, and clients, from revealing the confidential information that sets your company apart. The contract also provides legal recourse if a violation occurs, allowing you to reach a resolution through mediation or file a lawsuit for damages with the help of an attorney. 

What do NDAs cover?

Almost any aspect of your business can be protected by an NDA, as long as it isn’t known to the general public. For instance, you may use an NDA to protect your inventions, plans for new products, or copyrighted software programs.

Do small businesses need NDAs?

In highly competitive fields, your trade secrets may be the keys to your company’s success. In fact, most small businesses can’t afford the loss of income often caused by confidential disclosures, so you may need an NDA even more than large, well-funded corporations.

Should I hire an attorney?

Like any other business contract, NDAs need to be extremely detailed without actually disclosing the confidential information. While many websites offer templates, hiring a business law attorney to draft your NDA ensures it’s tailored to your specific needs and offers comprehensive protection. 

Since 1946, the legal team at Zangari Cohn Cuthbertson Duhl & Grello P.C. in New Haven, CT, has provided sophisticated solutions and sound legal advice to business owners throughout the state. No matter what industry you’re in, rely on their attorneys to help protect your confidential information and other valuable assets. Visit their website for a sample of their business law services, follow their Facebook for news and updates, or call (203) 789-­0001 to arrange a consultation with a respected professional.