Confidentiality Agreement

What is Confidentiality Agreement?

 

A ‘Confidentiality Agreement’ is a contract between the employer and the employee which restricts the employee from sharing any kind of sensitive information about the company to anyone outside the company.

 

It is also called a ‘Non-disclosure Agreement (NDA)’ or Proprietary Information Agreement (PIA)’ in some companies. However, their function is the same: to protect the internal company secrets to safeguard the welfare of the organization.

 

Although these agreements are signed when a new employee joins the organization, some employers go a step further by making the contract valid for a lifetime so that the employee is required to maintain secrecy even after termination.

More HR Terms

Employer Brand

What is Employer Brand?   ‘Employer Brand’ refers to the brand of the employer as perceived by the candidates applying for jobs as well as

HR Compliance

What is HR Compliance?   ‘HR Compliance’ refers to the fact that HR policies and processes are developed keeping in mind the local laws and

Satisficing

What is Satisficing?   ‘Satisficing’ is a neologism of ‘satisfy’ and ‘suffice’, which refers to a decision making process that aims to satisfy all parties

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