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Nondisclosure Agreement

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  • Nondisclosure Agreement

    A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. Nondisclosure agreements are often used when a business discloses a trade secret to another person or business for such purposes as development, marketing, evaluation or securing financial backing. Although nondisclosure agreements are usually in the form of written contracts, they may also be implied if the context of a business relationship suggests that the parties intended to make an agreement. For example, a business that conducts patent searches for inventors is expected to keep information about the invention secret, even if no written agreement is signed, because the nature of the business is to deal in confidential information.

    Here is just another reason that we ask you don't share your employer's name, even past employers, or some of their methods of operation or prices. It's for your protection as well as ours. You may have signed a nondisclsoure agreement. We heartily recommend all pet grooming business owners to require one of their employees.