Non-Disclosure Agreements (NDA) are very important for businesses, the companies that use an NDA can be small, medium, or large. In this article, we will explain every detail of the Non-disclosure agreements and their importance.
What is a Non-Disclosure Agreement?
A Non-Disclosure Agreement is a document that can be digital or printed these mainly serve to protect business information, specifically, the enigmas, functions, trade, and how the business works internally. Usually, this is generated when a company shares its confidential information with another company or collaborator. Usually, these agreements are presented in negotiations, job offers, among others.
The Non-Disclosure Agreement allows protecting the privacy of the companies so that it is not disclosed by the person with whom it is shared. This agreement has to be signed by both parties. An example of a Non-Disclosure Agreement is when a US company outsources its service to another company abroad, this agreement is signed by both companies to have the confidential information secure and a promise that it will not be shared, this is also a benefit when outsourcing a service. You can review more Outsourcing benefits in our article
Electronic Non-disclosure agreement
Electronic Non-Disclosure Agreements are one of the best options if we send many agreements often or the participants are in different countries. Current technology allows us to send any Non-disclosure agreement in a matter of minutes, these can be done from any device such as a smartphone, desktop, or tablet, this will save you time since you will not have to venture into regular shipping.
On the Internet, there are many programs and applications that allow the realization of a Non-Disclosure Agreement, in my experience, one of the programs that are worth mentioning is Docusign, which will allow you to create different types of contracts and Non-Disclosure Agreements in minutes, We recommend you use their easy-to-use templates.
Many templates allow you to save the edited data and it allows you to reuse the template to make minor changes such as names, company names, dates, signatures, so the documents are reusable and will allow you to save time and effort in creating a new one, which allows any member of the company to edit, amend, correct the document, this option is a great advantage in case the documents have to be reviewed by management before sending.
Drafting a Non-Disclosure agreement can be complicated, many cases are different and it depends on the needs of your business, it is recommended that the documents are reviewed by a legal advisor. Many companies do not consult with a lawyer, since transactions are common and documents are duplicated, an example of this, it is property management businesses that handle many properties and has to send new lease contacts every month.
Empire Outsourcing understands the importance of a Non-Disclosure Agreement and it is a requirement for us, a confidentiality agreement is implemented in the hiring of our services. For more information, please feel free to reach us, we will be happy to answer your concerns.