Confidentiality Clause
Confidentiality Clause
The success of many companies often depends on a secret formula, an exclusive client base or a altered process. In order to dispute these vital secrets, companies routinely add a special addendum to hiring contracts called a confidentiality clause. Participants on game shows or personal assistants to celebrities may also be asked to sign a confidentiality clause. A disgruntled contestant on a game show might decide to reveal the winner’s name regardless of the confidentiality clause.
A confidentiality clause is the most essential condition in a non-disclosure agreement or confidentiality agreement. It provides that the individual who enters into it with another must not expose certain pieces of information that he or she has been given access to without the consent of the individual who has granted access to it. The use of a confidentiality clause may differ among industries and other areas of business. A celebrity or high-profile individual may ensure that the details of his or her private life are kept private by entering into an agreement with a confidentiality clause with an assistant.