What are the differences between non-disclosure and confidentiality agreements?

What are the differences between non-disclosure and confidentiality agreements?

Non-disclosure agreements (NDAs) primarily focus on preventing the sharing of specific information, while confidentiality agreements can cover a broader range of obligations regarding the handling of sensitive information.

Can you give me examples of when to use each?

Sure! Use an NDA when discussing trade secrets with a potential partner. Use a confidentiality agreement when sharing sensitive information with employees.

Are there legal implications for breaking either agreement?

Yes, breaking either agreement can lead to legal consequences, including lawsuits for damages or injunctions to prevent further disclosures.

How long do these agreements typically last?

The duration can vary; NDAs often last for a specific period, like 1-5 years, while confidentiality agreements may last indefinitely or until the information is no longer sensitive.