Non-disclosure Agreements
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Frequently Asked Questions
Non-Disclosure Agreements
A non-disclosure agreement is a legal contract between two parties, which is generally used where one party is going to provide the other party with confidential information, or information not in the public domain.
a non-disclosure agreement (commonly referred to as an NDA), is frequently used in business transactions, such as where a one person wishes to buy a business, and that business wishes to protect its confidential information, such as financial records, from public disclosure.
NDAs are used in a variety of scenarios, such as employment, business negotiations, settlements, commercial dealings, and when sharing sensitive information such as trade secrets, financial data, client lists, or other business or corporate secrets, documents, know how, etc.
Yes, NDAs are usually enforceable in Australia in the same manner that any other contract is enforceable. However, they must usually be reasonable, proportionate, and clear and unambiguous as to what information is covered by the NDA, and what information is not.
NDAs are usually drafted to protect sensitive information, such as confidential information which is not in the public domain. This is information that is usually confidential to the business, such as trade secrets, intellectual property and know how, patents, financial information, pricing, customer data, and a wide variety of other commercially sensitive data and information.
A non-disclosure agreement cannot lawfully prevent disclosure of criminal or other unlawful conduct, information which is in the public domain, or information which is required to be disclosed by law or in accordance with a court order, such as a subpoena.
Yes. A standard non-disclosure agreement which covers most scenarios starts at a fixed price of $500.00.
If you or your business require a more detailed, or bespoke, tailor made non-disclosure agreement, get in touch today for a quote.