Many business owners in Georgia use non-disclosure agreements. They do so to protect themselves. Some employees, potential partners and investors are wary of signing such contracts or take issue with what is in them, particularly when it comes to how it will affect them if they decide to move on. When contract disputes arise over non-disclosure agreements, a business law attorney may be able to help resolve the issue as swiftly and smoothly as possible.
Non-disclosure agreements do not make sense for every business. Company owners who are trying to push them when they really are not appropriate may find themselves facing legal claims. Non-disclosure agreements make sense when needing to protect company secrets and inventions, financial data, employee information and other sensitive materials.
Non-disclosure agreements can either be mutual or one-sided. A good NDA includes the identities of the signing parties, information about the confidentially obligation, exclusions and contract terms. In order to be upheld in court, the terms need to be fair and reasonable.
NDA contract disputes may happen for a number of reasons. When they do, the issues may need to be resolved in court, or it may be possible to resolve them through out-of-court negotiations. It all depends on the details of the case and what each party is hoping to achieve. An experienced business law attorney can assist company owners, employees, investors, distributors and anyone else in Georgia who has an NDA concern find a solution to the problem and, if necessary, seek compensation for any losses resulting from the NDA dispute.
Source: Forbes, “The Key Elements Of Non-Disclosure Agreements“, Richard Harroch, Accessed on Nov. 29, 2017