Why You Need an NDA Lawyer
Business owners often wonder, “Do you need a lawyer for a non-disclosure agreement?”. The answer is: only if you want to ensure that your trade secrets don’t make it into the public domain. You need a lawyer from an NDA law firm to help ensure that your company’s trade secrets, intellectual property, and other private information stay protected.
Without an NDA in place, you’re left to rely on the law of confidence if a business partner or employee shares your company’s confidential information. Establishing that the information in question was confidential and shouldn't have been shared is often difficult to prove in court.
An NDA is the safest way to protect sensitive information. There are two options for creating non-disclosure agreements: Find an online template or engage an NDA attorney to draft one for you.
Using an online template often leaves serious loopholes. Without a lawyer on your side, it’s hard to recognize how an NDA template puts your proprietary information at risk.
A non-disclosure agreement attorney creates an NDA specifically tailored to your company’s needs.
Buffalo NDA Lawyers You Can Trust
The legal protection offered by a well-crafted NDA is an essential element of protecting your trade secrets, and by extension, your entire business. At Lawyer for Business, we understand that a business owner’s livelihood and finances depend on keeping business information protected.
The NDA attorneys at Lawyer for Business work with business owners in Buffalo and across the state of New York to draft tailored legal documents that protect your confidential information and your business as a whole.
How We Can Help
If you need legal services to ensure that certain information belonging to your company stays protected, Lawyer for Business can help. We provide personalized service, drafting each confidentiality agreement from the ground up.
We work with businesses of all sizes and industries across the state of New York, and we understand that a non-disclosure agreement that works for one company might not be right for another.
Different businesses have different types of sensitive information. We work with clients who need non-disclosure agreements designed to guard protected information, including:
- Trade secrets
- Business data
- Business plans
- Other intellectual property.
At Lawyer for Business, we get to know you and your company so that we can draft the agreement that best protects the confidential information you need to keep safe.
How Much Do Non-Disclosure Agreements Cost?
There’s no set price for a non-disclosure agreement. The cost of an agreement depends on several factors, including:
- Scope of the agreement;
- The complexity of the confidential information;
- Rates of the non-disclosure lawyer you choose.
You’ll need to consult with a non-disclosure agreement lawyer for an estimate on the cost of a non-disclosure agreement. However, one thing is certain: The cost of a non-disclosure agreement lawyer is much lower than the cost of putting your company’s trade secrets and other confidential information at risk.
Our NDA Attorneys Serve a Wide Range of Industries
Lawyer for Business works with clients across New York State. We’ve drafted personalized NDA documents for companies of all sizes and industries, including:
- Parts suppliers
- SaaS companies
- Tech companies
- Audio-video integrators
- Retailers and distributors
- Venture capital companies
- Transportation and logistics
- Real estate holdings and leasing
- Telecommunications companies
- Social media marketing and production
- Engineering and construction contractors.
Our experience working with clients from a range of industries means we’re well aware of how agreement specifics can vary across sectors. Our experience and industry knowledge go to work for you, whatever your business specialty.
Why Trust Your Confidentiality Agreement to Lawyer for Business?
At Lawyer for Business, our primary concern is protecting the interests of your business. There are many reasons why our clients trust us to handle their NDAs. Some of these include:
- We get to know you and your business needs to create a personalized NDA;
- Our industry expertise means we know what to consider when creating your NDA;
- We’re based in Buffalo with the resources to serve clients across New York State.
Clients who choose Lawyer for Business to handle their non-disclosure agreements know that they’re placing their company’s confidential information into experienced, trustworthy hands.
Schedule Your Initial Consultation
Contact Our Buffalo NDA Lawyers Today
If your business needs a non-disclosure agreement, you need a non-disclosure agreement attorney to protect your legal and financial interests.Lawyer for Business works with clients across New York State to draft, review, and negotiate the terms of confidentiality agreements. Give us a call today.
What is an NDA?
An NDA is a legal contract that restricts other parties from sharing confidential information, like a trade secret, related to a business.
An NDA document protects the confidentiality of all parties involved by identifying the information that’s protected, clarifying what would constitute a breach of confidentiality, setting a time period for the contract, and specifying the obligations of the parties involved.
When members of a business relationship sign NDAs, they can be held legally responsible in court for the damage that comes from a breach of confidentiality.
When are NDAs used?
NDAs are used in various situations to hold all parties accountable when confidential information is shared in a business relationship. NDAs offer protection when a company is concerned about maintaining the confidentiality of items like:
- A trade secret
- Customer data
- Intellectual property
- An attorney-client relationship.
NDAs offer protection from and provide legal remedies for privileged information becoming common knowledge. An NDA document can be signed by another company, a client, employees, or other third parties.
Any time you’re concerned that a business partner, client, or employee might disclose protected information, you need to have an attorney write up an NDA on your behalf.
How long do confidentiality agreements last?
The duration of an NDA is set forth in the document. The time period often depends on factors specific to the need for an NDA. If the contract exists to protect trade secrets that will remain in use for years to come, the confidentiality agreement will likely last longer than one protecting information that sees a high rate of change.
One example is the software industry, which sees new developments at such a fast rate that protected information can quickly become obsolete.
What information does an NDA not cover?
Typically, an NDA can only protect items that meet the definition of “confidential”. Information that's a matter of public record or is available for public access, such as a business address or SEC filings, isn’t considered confidential.
Similarly, information that’s already a matter of public knowledge can’t be protected in such an agreement. Another point to be aware of is that if a contract breach leads to legal action, the law can interpret an NDA in a way that surprises a business owner. That’s why it’s essential to have an attorney identify possible legal interpretations during the drafting process.
What is the difference between unilateral and bilateral NDAs?
A unilateral NDA protects the information of one party from a confidentiality breach by the other party, while a bilateral NDA offers protection to both parties.
A unilateral NDA is more commonly held between a company and a client or employee, while a bilateral NDA is typically used when two parties agree to protect one another’s sensitive information.