skip to content
blog home Confidentiality Confidentiality and Noncompete Agreements

There are many ways you can protect your business. While most small businesses don’t need a policy to protect confidential information and trade secrets, others can benefit from creating confidentiality and non-compete agreements. Confidentiality policies prevent current and former employers from sharing certain information. Non-compete agreements keep employees from working with a business competitor for a certain length of time.

You’ve spent a lot of effort developing your customer lists, your operating procedures, and your technology, and you want to protect it. A confidentiality agreement will keep people with access to your information from sharing it with your competitors. Here are a few things that you can protect with a confidentiality agreement:

• Inventions
• Discoveries
• Data
• Trade secrets
• Formulas
• Methods of conducting business
• Manufacturers you use
• Processes
• Compositions
• Machines

You can even protect information about your customers. Depending on your type of business, you could have sensitive information about your clients that needs to stay private. If this is true for your business, you should have a confidentiality policy in place.

If you believe that you have information worth protecting, there are steps you can take. While developing your confidentiality agreement, explain to your employees the need to protect information. Define the type of information that you are trying to protect. Educate your employers how to avoid revealing private information. Explain what penalties will result from violating the company policy.

Then, it would be in your best interest to have them sign a non-compete agreement. Make sure all future employees sign the agreement when they’re hired. When writing a confidentiality agreement and non-compete policy, make sure you have an experienced New York City business lawyer by your side who can help you create a policy that protects the best interests of your company.

Related Articles:

By admin October 19, 2015

Franchising Guides

The Ultimate Guide to Franchising Your Business

New to franchising? Do you want to learn more about franchising your business, where to start, the steps, and how to know if you are doing it right?

Learn More

Is Your Business Franchisable and Should You Franchise?

Franchising may be the next big step for your business and represents an opportunity to grow your brand. So, how do you know if franchising is right for you? How do you know if your business is franchisable and, if it is, whether or not you should franchise your business? To answer these questions you must evaluate whether or not your business is franchisable and, if it is, whether or not your individual goals and your business goals align with franchising and establishing a franchise organization responsible for on-boarding, training, and supporting franchisees.

Learn More

Licensing Vs. Franchising

When considering expanding a business both franchising and licensing are possible options. Each option however comes with different rules and regulations. Prior to moving forward with franchising a business or licensing a business it is important to understand the differences and how each may have an affect on you.

Franchise Lawyer Charles N. Internicola wrote “Licensing versus Franchising” for the very purpose of allowing successful business owners to understand the difference between licensing a business and franchising a business.

Learn More

Guide to Selecting a Franchise Lawyer

If you have questions about franchise lawyers, what they do, how they can help, the cost, and how to select the right franchise lawyer for you, then this guide will help.

Franchise lawyers advise and represent individuals and businesses on legal issues that involve franchising a business, preparing an FDD, filing and renewing FDD registrations, buying a franchise, and litigation involving the franchisor and franchisee relationship. The role of a franchise lawyer varies depending on whether he or she represents the franchisor or the franchisee.

Learn More

Item 19 Financial Performance Representations

Check out our guide where we discuss how to plan and properly disclose Financial Performance Representations in your FDD.

Learn More

Franchise Sales Compliance Guide

Are you a franchisor or a part of a franchise sales team? Do you want to learn more about franchise sale compliance and ensure that your sales practices comply with franchise laws and are consistent with best practices? Then this guide is for you.

In this guide you’ll learn the fundamentals of franchise sales compliance including the franchise laws, regulations, and best practices that your team should have in place for every franchise sale.

Learn More
Close Overlay

Let’s Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.

Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.