Situations
that require a Non-Disclosure Written Agreement:
Every professional business
executive is the asset of his organization. Being an professional employee and valuable
person for your organization and business also you have many important points
key important financial and non-financial figures of sales, revenues and other
assets and liabilities related information. That all information is very
private and confidential to your business and company. That’s the reason your competitors
and other organizations in the business industry or market wants to know about
your secrets. That’s your responsibility to keep all that information in safe
and reliable hands.
The Situations
in which you require a NDA are follows:
1. Presentation’s
to public and authorities:
When a business enter in
the general market or in a sales promotion trip. At that time they face many
open questions form the professionals of the relevant industry and form the
customers. They are liable to answer about their question to satisfy them
regarding their product and service characteristics, materials and technology.
That is the time they need a proper non-disclosure agreement.
2. Employees
Access to Information:
When the new employees
join the business operations or when the old employees appointed to the new
levels at that time the whole information about the business production and
services are new for them. It is important to sign the new non-disclosure with
them to protect the organizational information and its assets.
3. Presentation
to Stakeholders:
The time when the
stakeholders, partners or the other persons visit the production plant or
processing units at that time business need a non- disclosure form them. That’s
helps the business to protect its confidential information.
4. Service
Providers Access:
Every business is not a
close setup it’s have a proper open link with the outer world, with its
industry and with market. That’s the reason business needs a proper agreement
of non-disclosure to protect its information and confidential statistical and
non-statistical figures
5. Buyers
Information:
The Buyer and seller relationship is
based on trust. Business need a proper written and signed non-disclosure
agreement form its product or services buyers. To protect its product or services
rights.
These are
the common situations where a business needs Non-disclosure written agreement
form its partners, stakeholders, service providers, employees and sometimes
form those who are showing interest in its production and services.
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