Non-disclosure and non-compete agreements are designed to safeguard the trade secrets or proprietary information that give an enterprise its competitive advantage. However, they are not blanket panaceas for intellectual property pains. Like all agreements, they are only worth the amount of effort and money the enterprise is prepared to invest in order to uphold them.
Non-disclosure agreements (NDAs), also known as confidentiality agreements, prohibit the communication of certain non-public business information by individuals. They are typically applied to employees, consultants and contractors, or business partners. In the event of provable disclosure of protected information, the enterprise can seek damages in a court of law. Non-disclosure agreements include: