Short Answer: An NDA, or Non-Disclosure Agreement, is a contract designed to protect confidential business information.
Why It Matters: If employees will have access to confidential information, customer information,trade secrets, pricing, proprietary processes, or other sensitive information, an NDA should be considered. It should clearly define what information is protected and the employee's obligations.
Common Mistakes: Using overly broad language; assuming confidentiality is implied; failing to tailor the agreement.
Michelle's BottomLine: Protecting confidential information should be a deliberate part of your hiring process.
