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

Multitenant

What is Multitenant?    ‘Multitenant’ is a kind of software that is able to serve multiple customers simultaneously. The most common example of a multitenant

Insubordination

What is Insubordination?   ‘Insubordination’ refers to the disobeying of the orders of a superior in an organization. It might be done implicitly or explicitly

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