Wick & Trautwein, LLC
Call Today
Local
970-237-5694
Toll Free
866-686-1410
Broad Based Experienced Legal Help Since 1972

Creative Solutions, Exceptional Results

The law firm of Wick & Trautwein, LLC, has a long history of partnerships with the people and businesses of northern Colorado and southern Wyoming

Some basics of confidentiality agreements

Whether you're signing a nondisclosure agreement as part of your latest business partnership, or you're a new employee agreeing to hold your employer's information confidential, it's a good idea to understand what you're putting your name to. Confidentiality agreements have become a standard course of business over the years, but they do include some important fine print.

First, both sides to a confidentiality agreement must understand that most such agreements are limited in nature. For example, if the confidential information becomes public knowledge without any action or disclosure from the person singing the agreement, then that person cannot be held accountable for the disclosure. At that time, the information is usually not considered protected under the agreement any longer, though related information and the individual's relationship to the information might still be protected.

A confidentiality agreement usually states who owns the information. The reason for this is because the person disclosing the information -- such as the employer -- has rights and control over the information. They might be sharing the information with someone else because of a business need, but they are not conveying the ownership or control of that information to the other person.

Finally, a confidentiality agreement typically includes information about how disputes under the agreement will be handled. This might include a requirement for mediation or what consequences might be faced if confidentiality is breached. Consequences could include loss of employment, termination of contracts, and even lawsuits and fines.

Understanding every contract you sign is important. Contracts and agreements in a business setting are usually complex, which means assistance in understanding contract language from a legal professional might be helpful.

Source: Iowa State University, Extension and Outreach, "Overview of Confidentiality Agreements," accessed Feb. 05, 2016

No Comments

Leave a comment
Comment Information
Watch More Videos

We Take Your
Emails Seriously

Bold labels are required.

Contact Information
disclaimer.

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.

close

Privacy Policy

Wick & Trautwein, LLC BBB Business Review
FindLaw Network
Firm Locations
Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
Fax: 970-482-8929
Fort Collins Law Office Map
Wick & Trautwein, LLC
513 Big Thompson Ave
Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
Estes Park Law Office Map

Windsor Office
(by appointment only)
421 Main Street
Windsor, CO 80535
Toll Free: 866-686-1410
Map and Directions