Non-disclosure agreements, or NDAs, are a helpful tool for many businesses. They allow you to enter into business relationships with the knowledge that any trade secrets or potentially damaging information will not be revealed. However, this can make it all the more damaging when one of these agreements is subject to a breach of contract.
Tom Bradley has the experience and knowledge to help you determine how best to remedy a breach of your non-disclosure agreement. To schedule a legal consultation with Mr. Bradley today, give his Nevada offices a call at (775) 323-5178.
What to Do If Your NDA Is Violated
NDAs can exist for a variety of business agreements. You may ask an employee to sign an NDA in order to protect trade secrets and sensitive information about your business. You may require an NDA from another business working with your company so that trade secrets and sensitive information are not available to your competitors. Breaking a non-disclosure agreement can cause financial losses for which you may seek repayment.
Examples of violating a non-disclosure agreement include:
- Giving information to competitors in exchange for money or jobs.
- Publishing confidential information.
- Leaking confidential information to the media, verbally or nonverbally.
- “Losing” a prototype, only for it to end up in the hands of a competitor.
- Giving information on formulae, recipes, or instructions for creation of the product.
Violation of a non-disclosure agreement can overlap with intellectual property violations if your product is copyrighted or trademarked. Unauthorized sharing of company information and the violation of a non-disclosure agreement could potentially cause losses and damages to your company, along with weakening advantages the company may have on the open market.
Legal Remedy for Breaches of NDAs
As with other breaches of contract, a party breaching a non-disclosure agreement is expected to compensate the wronged party for any expected profits that it can show have been lost as a result of the breach. This is one reason it’s important to hire a lawyer who can prove that such losses have taken place.
Nevada business attorney Tom Bradley has the understanding and experience to know how best to pursue these claims, and will be happy to seek restitution on your behalf. To schedule a review of your NDA breach and other claims, contact Mr. Bradley by calling (775) 323-5178.