When to use confidentiality agreements

Confidentiality agreements are typically used at the start of a joint venture or other business where both parties exchange confidential information.

An example of a confidentiality agreement is between an original equipment manufacturer (OEM) and a supplier. Both parties disclose information that could be harmful if leaked.

When drawing up a legal contract to protect confidentiality, using the appropriate legal document is essential.

Two documents are used to protect confidentiality:

1. The confidentiality agreement. It is a legal tool that binds one or more partie...