Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What are the advantages and disadvantages of a noncompete clause as opposed to a nondisclosure clause?
A: Nondisclosure Agreements Most businesses have valuable information that they don't want competitors and others to know about - marketing plans, customer lists, new product information, financial data, research results, manufacturing techniques, [ and more. These kinds of valuable, proprietary information are known as trade secrets. Most businesses are understandably careful not to let
competitors and other outsiders find out about their trade secrets. They have many ways of keeping those secrets under wraps - marking documents "confidential" and locking them away when not in use, requiring passwords for company computers, and restricting photocopying are common methods. But the most popular way to protect trade secrets these days is the nondisclosure agreement, or NDA. Also called confidentiality agreements, NDAs are contracts in which the signing parties promise to protect the confidentiality of trade secrets that one discloses to the other. If you sign an NDA with a client and you then disclose their secrets without authorization, you can be sued for damages, and the client can ask a court to stop you from blabbing any further. NDAs can be used to protect any information that isn't generally known and that gives a business a competitive advantage in the marketplace. For example, an NDA can prohibit you from disclosing a client's product design, an idea for a new website, or copyrighted software code. These agreements can be included as clauses in an employment or independent contractor agreement, or they can be separate agreements. Whatever form NDAs take, they're increasingly common. Many companies - particularly those in the Internet or computer business - now routinely require employees and independent contractors to sign them. Take Sabeer Bhatia. Founder of Hotmail, he made everyone who knew about his startup company sign an NDA. In two years, he collected more than 400 NDAs from employees, friends and roommates. He believes that his efforts to keep a lid on his startup's secrets helped him protect a crucial six-month lead on the competition. ]
Expert answered|markdeacker|Points 10|
Question
Asked 10/14/2012 5:21:47 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,917,401 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
Phototropism
Weegy: Geotropism is the growth response of a plant in response to gravity. User: Which type of plant was the last to ...
5/16/2018 8:45:28 AM| 2 Answers
2. Which of the following is not an example of a nontraditional ...
Weegy: Law firm is not an example of a nontraditional health information technology setting. User: 3. Good coding ...
5/16/2018 10:46:59 AM| 2 Answers
Given the formula E = IR what is the formula for R? A. ...
Weegy: Given the formula E = IR, the formula for R is R = E/I. User: Solve this equation: 80 = 3y + 2y + 4 + 1. ...
5/16/2018 11:47:29 AM| 2 Answers
Strike-slip fault
Weegy: In a strike-slip fault, the rocks on either side of the fault slip past each other sideways. TRUE.
5/17/2018 3:51:47 PM| 2 Answers
Which is not a responsibility of the president
5/18/2018 10:17:31 PM| 2 Answers
S
L
Points 226 [Total 237] Ratings 0 Comments 226 Invitations 0 Offline
S
R
L
R
P
R
Points 216 [Total 658] Ratings 0 Comments 26 Invitations 19 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 20 Invitations 11 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 121 [Total 13206] Ratings 0 Comments 111 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
L
1
R
Points 11 [Total 1416] Ratings 0 Comments 1 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.