What are non-disclosure agreements (NDAs) and are they legal binding?
NDAs are a legitimate way to protect commercial interests and business confidentiality. A company’s secrets are protected against unauthorised disclosure by another party and the company will be entitled to damages for any breach.
NDAs can be used to seek an injunction to prevent disclosure. Such confidentiality clauses prohibit the disclosure of information and, in the vast majority of cases, they comply with the law. Such agreements, provided they have been drawn up by an advisor and properly executed, will be legally binding. A party that breaches an NDA can be sued for damages and the injured party can also apply for an injunction to prevent further loss.
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