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

Candidate Relationship Management (CRM)

What is Candidate Relationship Management (CRM) ?    ‘Candidate Relationship Management’ is the term used to manage the relationships with the current and future candidates.

Gender Pay Gap

What is Gender Pay Gap ? ‘Gender Pay Gap’ refers to the difference that has been existing in the compensation packages provided to males and

In-house Solutions

What is In-house Solutions?   ‘In-house Solutions’ refers to the products or services developed fully within a particular company. It is usually developed to address

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