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Why confidentiality? (Part 3)

By David J. French Confidentiality-Agreement-Template

In the previous two postings (here and here) on the above topic, we addressed why disclosures relating to inventions, for which patent applications have not yet been filed, should only be made on a confidential basis. The last posting ended with an observation that confidentiality agreements or nondisclosure agreements — NDAs — can be much more extensive than simply prohibiting the disclosure of information. This post explores examples of further restraints that can be included by lawyers who prepare NDA documents.

By Googling “confidentiality agreement 3M,” two useful hits arose at the top of the list. The first was a document entitled, “3M In-House Confidentiality Policy and Guidelines.”

This document is a concise summary of how this large corporation requires its employees to handle confidential information. Two aspects of confidentiality agreements are addressed: 1) protecting the special trade information that is advantageous to 3M in the competitive marketplace and 2) engaging in commitments to maintain the confidentiality of information received from third parties. Every business manager should carefully review this document for what it teaches. It has been professionally prepared. Read More

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