Question
Companies run the risk of employees sharing trade secrets. Which two documents do many companies have their employees sign to help mitigate this risk? Non-disclosure agreement (NDA) Confidentiality agreement Employee handbook Trade secret contract
Answer
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Vance
Master · Tutor for 5 years
Answer
Non-disclosure agreement (NDA) and Confidentiality agreement.
Explanation
This question pertains to common legal measures that companies employ in order to protect valuable proprietary information. Two such preventatives that many firms use to hush up leakage of company secrets are a "Non-disclosure Agreement (NDA)" and a "Confidentiality Agreement". These documents generally bind signatories from ever unveiling certain confidential and proprietary business information to third parties."NDA" refers generally to a legal contract confining potential revelation of trade secrets and confidentialities. It works by legally binding signatories to silence with said subject matter. Whereas a "Confidentiality agreement" is also quite identical to an NDA, except that while the NDA is stereotypically uniformly-worded and wide-ranged addressing all confidentiality scenarios, a Confidentiality agreement is usually specifically structured per unique information privacy confidentiality needs.As a result, binding employees to these documents help limit the chances of the company's intellectual property, inside biz-information, or trade secrets leaking out