Time Limits in Confidentiality Agreements: Traps for the Unwary
Public Company Forum: Fall 2013
October 30, 2013
Confidentiality Agreements, Non-Disclosure Agreements, Secrecy Agreements – whatever the name, these ubiquitous and seemingly simple agreements are so common in today’s business environment that many business people routinely sign them without much, if any, actual review or consideration. A common justification for the cursory handling of these legal agreements is that they are often precursor to a subsequent, more comprehensive agreement that presumably will receive more careful review. Besides, the story often goes, the agreement only lasts for 1 year (or 2, or 3).