11/09/2026
| BEFORE YOU SHARE CONFIDENTIAL BUSINESS INFORMATION, PROTECT IT |
Businesses regularly share valuable information with potential investors, partners, manufacturers, consultants, employees, contractors, and other third parties.
This may include business plans, customer information, pricing strategies, technical information, product designs, research, source code, processes, or other commercially sensitive information.
But an important question is often overlooked: what happens if the information is disclosed or used without permission?
According to the UK Intellectual Property Office, businesses should consider using a non-disclosure Agreement when they need to share confidential information with others. An NDA is a legal contract that establishes how information may be shared and used and can help protect confidential business information.
A well drafted NDA should clearly identify the confidential information, specify the permitted purpose for which it may be used, determine who may receive it, and establish appropriate confidentiality obligations.
Businesses should also consider how long confidentiality obligations should continue and what should happen to confidential materials when the business relationship ends.
Confidentiality should not be treated as an afterthought. Once sensitive information becomes public, protecting it as confidential information may become significantly more difficult.
Before disclosing valuable business or technical information to a third party, putting appropriate confidentiality protections in place can help reduce legal and commercial risks.
Source: UK Intellectual Property Office, Non-disclosure agreements.
Read more: https://www.gov.uk/government/publications/non-disclosure-agreements/non-disclosure-agreements
Kind regards,
Asif Sultan Bhuiyan
Barrister-at-Law, Lincoln’s Inn
Advocate, Supreme Court of Bangladesh
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