Purpose
A nondisclosure agreement is a written legal contract between an employer and employee. This agreement prohibits the employee frorn disclosing company's confidential and proprietary information.
A nondisclosure agreement is in effect for the duration of an employee's employment and for a period of time following employment termination.
Confidential information can be the most valuable asset of a business.
Except where it qualifies for intellectual property rights (lPRs) information will usually be protected as a business asset if it is kept confidential. Confidential information can relate to any subject matter and be stored in any
form fwhether hard copy, electronic or even stored in people's minds).
Confidential information is often only valuable if it can be used. Such use of information will invariably invplve, (a) storage of the information in an accessible form; and (b) its disclosure to others.
Storage and disclosure should be carried out in circumstances which physically protects the information and allows it to maintain its status as protected confidential information.
If any information is disclosed by the employee, they will be terminated immediately without any notice or conduct any enquiry.
