What is a confidentiality agreement?
A confidentiality agreement is an agreement that is a legally binding document between one or more people to proprietary details or to non-disclosure of confidential information. This is usually available in circumstances where knowledge is not available to incorporate information or proprietary to the general public or to competitors.
- A confidentiality agreement is also known as a non-disclosure agreement.
- In a workforce, someone that has sensitive information about an employee or a company is legally bound to sign a confidentiality agreement. This to ensure the competitive information is disclosed to stop harm to the company.