What Are The Benefits Of Confidentiality Agreements

A confidentiality agreement can provide you with legal protection as you enter into a business relationship and wish to keep your intellectual property confidential. At Coodin & Overson, PLLP, we work with clients to identify solutions to meet their business needs.

To learn more about confidentiality agreements and how they can help minimize your risk of loss, please call our Lake Elmo law office to schedule a consultation.

What Is a Confidentiality Agreement?

A confidentiality agreement is a type of contract that protects intellectual property, trade secrets, or other information from being disclosed. In many professions, employers require their employees to sign confidentiality agreements to protect their proprietary information. Inventors, entrepreneurs, and other professionals may require business partners to sign confidentiality agreements as well.

A confidentiality agreement can be customized to offer the specific type of protection that is needed. At Coodin & Overson, PLLP, we work with our clients to understand their needs, then we customize a confidentiality agreement accordingly.

What Are the Benefits of a Confidentiality Agreement?

There are many benefits of a confidentiality agreement:

  • Protection from disclosure of intellectual property (including trade secrets, proprietary information, and other confidential information)
  • More legal protections and options if another party does infringe on a patent or otherwise use protected information

In order to be most effective, a confidentiality agreement must be specific and detailed. These types of contracts can be used to protect a wide variety of information, from formulas, recipes, inventions, trade secrets, and much more. We can help you draft a nondisclosure agreement that prohibits improper use of your intellectual property while setting you up for success in your business or entrepreneurial endeavor.

We also help clients draft noncompete agreements.

Contact a Lake Elmo Nondisclosure Agreement Attorney

If you are interested in talking to a lawyer about preparing a confidentiality or nondisclosure agreement, please do not hesitate to contact our law office online. We are located in Lake Elmo, Minnesota, and represent clients throughout the Twin Cities metro area.