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  • Home
  • Who We Serve
  • Practice Areas and Fees
    • General Counsel Service
    • Business Law >
      • LLC Formation
      • LLC Operating Agreements
      • Close Corporation Formation
      • Corporate Bylaws
      • Close Corporation Agreements
      • Other Business Law Services
    • Business Contracts >
      • B2B Service Agreements
      • Contract Review and Advice
      • Customer Agreements
      • Financial Agreements
      • Joint Venture Agreements
      • Lease Agreements
      • Noncompete Agreements
      • Nondisclosure Agreements
      • Waiver and Release Agreements
      • Website Privacy Policies
      • Website Terms of Service
    • Business Sales >
      • Business Purchases and Sales
      • Letter of Intent
      • Purchase Agreements
      • Buy-Sell Agreements
      • Membership Interest Transfer Agreements
      • Business Succession & Disaster Planning
      • Business Dissolutions
    • Raising Money From Investors >
      • Private Placement Memorandums
      • Investment Agreements
    • Franchising and Business Opportunities >
      • Franchise Disclosure Documents
      • Franchise Agreements
      • Ohio Business Opportunity Plans
    • Nonprofit Law >
      • Nonprofit Formation
      • Co-op Formation
      • Tax Exempt Status
      • Nonprofit Governance
      • Nonprofit MOUs and Agreements
      • Nonprofit General Counsel Service
    • Intellectual Property >
      • Trademark Search
      • Trademark Registration
      • Trademark Maintenance
      • Copyright Registration
      • Work For Hire Agreement
      • Licensing Intellectual Property
      • Assigning Intellectual Property
      • Proprietary Information and Invention Assignment Agreements
      • Confidentiality Agreements
      • Intellectual Property Audit
    • Employment Law >
      • Employment Contracts
      • Employee Handbooks
      • Employment Policies
      • Independent Contractors
  • Adding Value
    • Legal Audit Checklist
    • Legal Dictionary
    • 7 Common Legal Mistakes
    • Succession and Emergency Planning Worksheet
    • Business Contracts: Review Checklist
    • Webinars >
      • HR 101: Managing the Growing Pains That Come With Growing Your Business
      • Hiring Independent Contractors
      • Legal Audit and Risk Assessment
      • Structuring a Social Enterprise
  • Bio
  • Blog
  • Scheduling
    • Prospective Client Scheduling
    • Existing and Former Client Scheduling
    • Networking Scheduling

Nondisclosure Agreements

Nondisclosure Agreements

B2B Service Agreements 
Contract Review and Advice
Customer Agreements
Financial Agreements
Joint Venture Agreements
Lease Agreements
Noncompete Agreements
Nondisclosure Agreements
Waiver and Release
   Agreements
Website Privacy Policies
Website Terms of Service
What is a Nondisclosure Agreement (NDA)?
A nondisclosure agreement (or NDA) is simply a business contract to keep certain information confidential and not to share that information (or disclose it) with third parties. NDAs can be “one-way,” where one party is sharing confidential information with another, or “mutual,” where both parties are sharing confidential information with each other. 

What is the purpose of a Nondisclosure Agreement?
NDAs are used by businesses of all sizes to protect confidential and proprietary information. Our business clients use NDAs to protect information about their business that shouldn’t fall into the hands of others. For example:
  • You might use an NDA before sharing ideas with an app or software developer or product manufacturer. 
  • You would also use an NDA before sharing business information with a potential investor or strategic partner so that you can discuss confidential information about the business and business plans while deciding whether the investor or strategic partner is a good fit for the business. 

Should my business require our employees or independent contractors to sign an NDA?
Many employers require employees and independent contractors to sign nondisclosure or confidentiality agreements. If your staff will have access to confidential or proprietary information, then an NDA or confidentiality agreement will prohibit the worker from disclosing or misusing that information. For example, you probably don’t want your customer or client list or information about your unique business processes and procedures to fall into the hands of your competitors. A nondisclosure agreement would prevent your employees from sharing this information with anyone outside the company and would require your employees to follow your procedures for protecting this information. Learn more about Protecting Company Secrets.
​
How long does an NDA last?
Typically, the confidentiality requirements in an NDA last indefinitely. Even if the parties to the NDA decide to go their separate ways, they are still expected to keep any confidential information that was disclosed under the NDA confidential. However, the information might lose its confidentiality if it ever becomes publicly available for reasons other than a breach of the nondisclosure agreement or if a court orders disclosure of the information. 
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​Flat Fee Pricing:
Non-Compete / Non-Disclosure / Proprietary Information Agreements: $750
​Review and Advice: $500

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The information contained on this website is not legal advice or legal opinion and should not be relied upon. Furthermore, nothing contained in this website is intended to create or establish, and does not constitute, an attorney-client relationship. 

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