Jones & Walden Attorneys At Law

Get sound legal advice
678-701-9235

  • Home
  • Our Law Firm
    • Aaron Anglin
    • Tyler W. Henderson
    • Leon S. Jones
    • Kelley Killorin
    • Thomas T. McClendon
    • Cameron M. McCord
    • Leslie M. Pineyro
    • Nathan T. Juster
  • Practice Areas
    • Bankruptcy Services
    • Corporate Formation
    • Real Estate
    • Creditor Bankruptcy Representation
    • Intellectual Property
    • Wills & Estate Planning
  • Additional Resources
  • Blog
  • Contact
  • Home
  • Our Law Firm
    • Aaron Anglin
    • Tyler W. Henderson
    • Leon S. Jones
    • Kelley Killorin
    • Thomas T. McClendon
    • Cameron M. McCord
    • Leslie M. Pineyro
    • Nathan T. Juster
  • Additional Resources
  • Blog
  • Contact
  • X Close
CONTACT

Businesses can increase their value by enforcing NDAs

On Behalf of Jones & Walden, LLC | Dec 18, 2019 | Business Formation And Litigation

Businesses often have to share private information with other parties. However, they must do so safely. One way companies can protect private data is through nondisclosure agreements. NDAs can make sure intimate details like a business’s performance, intellectual property and access to various accounts are maintained and handled responsibly by outside entities.

How these agreements can be beneficial

Companies often have to disclose private data in various situations. If an owner presents an idea to a potential partner, investor or distributor, they’re usually giving away critical details about their organization. An NDA may be necessary for this type of interaction. That’s because an NDA can lower the chance of others stealing their ideas or telling competitors about their business’s financial standing.

Another example would be if a business hired a marketing agency to increase their reach. In many instances, the agency may need access to customer data, social media accounts and other confidential information. By using an NDA, business owners can better state their expectations so that their data gets utilized appropriately.

Considerations when drafting an NDA

Some may think such agreements have to be dense and complicated to be enforceable. However, most NDAs only need to be a few pages long. Here is some information owners may want to include:

  • Identification of all parties involved in the agreement.
  • Defining what information is and is not confidential.
  • The receiving parties’ obligation to maintain that confidentiality.
  • Specific exclusions from the confidentiality agreement.
  • Terms of the agreement.

Data protection is crucial for prosperity

Business owners often put in years of long hours and hard work to build a sound and profitable brand. They also hold a legal obligation to keep private information about their customers, intellectual property and finances from harmful exposure. That’s why having a legally enforceable NDA is crucial for long-term business success.

 

  • Facebook
  • Twitter
  • LinkedIn

Categories

  • Bankruptcy (33)
  • Business Formation And Litigation (31)
  • Creditor Representation (8)
  • Estate Planning And Administration (10)
  • Intellectual Property (17)
  • Real Estate Law (18)
  • Uncategorized (11)

Archives

  • May 2022 (2)
  • April 2022 (2)
  • March 2022 (4)
  • February 2022 (2)
  • January 2022 (3)
  • December 2021 (2)
  • November 2021 (3)
  • October 2021 (2)
  • September 2021 (3)
  • August 2021 (2)
  • July 2021 (4)
  • June 2021 (3)
  • May 2021 (3)
  • April 2021 (3)
  • March 2021 (2)
  • February 2021 (3)
  • January 2021 (4)
  • December 2020 (2)
  • November 2020 (2)
  • October 2020 (3)
  • September 2020 (2)
  • August 2020 (5)
  • July 2020 (4)
  • June 2020 (6)
  • May 2020 (5)
  • April 2020 (5)
  • March 2020 (2)
  • February 2020 (2)
  • January 2020 (1)
  • December 2019 (2)
  • November 2019 (3)
  • August 2019 (1)
  • July 2019 (3)
  • June 2019 (2)
  • May 2019 (2)
  • April 2019 (3)
  • March 2019 (3)
  • February 2019 (2)
  • January 2019 (3)
  • December 2018 (3)
  • November 2018 (2)
  • October 2018 (3)
  • September 2018 (1)
  • August 2018 (4)
  • July 2018 (2)
  • June 2018 (2)

Recent Posts

  • Evaluating estate planning options as a business owner
  • Protecting one’s interests by addressing property title concerns
  • Creating a thorough strategy as a first-time business owner
  • Addressing common reservations about bankruptcy
  • Succession planning for business owners

Subscribe To This Blog’s Feed

findlaw-network

Your Future Is Our Business

Contact Us

Award Winning Atlanta Attorneys

peer-rated-preeminent
peer-rated-marindale-hubbell
super-lawyers
georgia-trend-2021-1
bar-register

Put The Future Of Your Business In Our Capable Hands

Whether you need help forming your business, protecting intellectual property, resolving a business dispute, understanding your debt relief options or something in between, we are here to help. Contact us online or call our Atlanta office to schedule a consultation today: 678-701-9235.

Contact Us
Jones & Walden Attorneys At Law

Jones & Walden LLC
699 Piedmont Ave NE
Atlanta, GA 30308

Phone: 678-701-9235
Fax: 404-564-9301
Atlanta Law Office Map

Review Us
  • Follow
  • Follow
  • Follow

© 2022 Jones & Walden LLC • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters