For Roedel Parson’s response to COVID-19 click HERE

Roedel Parsons Blache Fontana Balhoff & McCollister, A Law Corporation

Two important components of a non-disclosure agreement

If you are a business owner or executive in Louisiana and you are in a position where you must share potentially sensitive information about your business with someone outside your company, you should know about the benefits of a confidentiality agreement. These contracts are also commonly referred to as non-disclosure agreements.

As the name implies, these contracts focus on maintaining confidence around information. However, Forbes explains that there really are two very and equally important aspects of these agreements. Certainly the first one is for the agreeing party or parties to not disclose or keep in confidence the details identified in the contract. In addition to that is the requirement that a party being given this confidential information does not actively use that information for their own benefit.

A good nondisclosure agreement will outline parameters for both of these elements. It should specify exactly what information is to be kept confidential and may even detail the manner in which information may be provided. Some agreements may be mutual and therefore both parties to the contract will be sharing sensitive information and be required to keep that in confidence. Others will be non-mutual if only one of the parties needs to share confidential information. Choosing wisely here is important to ensure that the right type of contract is created.

If you would like to learn more about how and when a non-disclosure agreement may be needed for your business, please feel free to visit the confidentiality agreement page of our Louisiana business and contract website.

No Comments

Leave a comment
Comment Information

Connect With Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Baton Rouge Office
8440 Jefferson Highway
Suite 301
Baton Rouge, LA 70809

Phone: 225-929-7033
Fax: 225-928-4925
Map & Directions

New Orleans Office
1515 Poydras Street
Suite 2330
New Orleans, LA 70112

Phone: 504-566-1801
Fax: 504-565-5626
Map & Directions