A non-disclosure agreement (NDA) is a type of contract a company may enter into with a supplier, employee, or customer. The purpose of an NDA is to protect confidential information that another party may have access to through a service agreement, strategic alliance, or other type of business relationship. The NDA bars the other party from releasing this information to a third party or the general public. This type of agreement can cover a wide range of proprietary company information, including:
- Budgets and financial statements
- Business and marketing plans
- Employee records
- Customer lists and customers’ personal information
- Proprietary research, blueprints, or product designs
- Overall business strategy
Sharing this kind of information despite an existing NDA is considered a breach of contract and puts the breaching party at risk of a lawsuit. NDAs can exist as freestanding agreements or as part of a larger contract. For example, if an e-commerce business hires a freelance graphic designer, they may include a non-disclosure provision in the freelancer’s contract.
An NDA may be unilateral or bilateral. In unilateral NDAs, only one party discloses confidential information. But in bilateral NDAs, each party discloses confidential information to one another, and each is bound to the terms of the agreement. For example, two software companies that collaborate on a product may enter into a bilateral NDA to protect their proprietary technologies.
QuisLex has extensive experience creating custom-built NDAs and legal contracts for a wide range of industries and corporate structures. We leverage our prebuilt proprietary content, validated by an Am Law 100 firm, to quickly create client NDAs. Our system uses smart intake forms and review tools powered by artificial intelligence to balance precision and efficiency.
If your company has an internal template or process for NDAs, you can still utilize QuisLex’s expertise. We can review your drafts or existing NDAs to identify any areas of concern or provisions that should be revised. QuisLex has negotiated thousands of confidentiality agreements, drawing on our legal expertise and technology-enabled solutions. As a result of our experience, we can deliver an NDA solution for a client in a matter of days.
When you partner with QuisLex, you’ll not only benefit from a team of experienced attorneys, but you’ll also have access to cutting-edge technology tools. Our team is made up of full-time statisticians, technologists, and programmers who work collaboratively with our lawyers to provide robust client services. We leverage legal technology to implement solutions that include:
- Contract lifecycle management
- Workflow design and implementation
- Metadata analysis
- Predictive coding
QuisLex is well-versed in multiple legal platforms, allowing us to tailor our NDA services to your existing setup. As a technology-agnostic firm, we provide clear and straightforward advice, never pressuring our clients to use one specific software or tool.
When it comes to protecting your company, even the smallest details count. That’s why so many enterprises rely on QuisLex for turnkey non-disclosure agreement services. Since our founding in 2004, we’ve worked with clients all over the world and across a range of industries. To learn more about how QuisLex can support your team, contact us today.
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