Non-Disclosure Agreements: An Overview
If you watched the Democratic debate last Wednesday, you heard a lot about non-disclosure agreements. In the days following, Elizabeth Warren has been pressuring Michael Bloomberg to release former employees from non-disclosure agreements. With all this talk about non-disclosure agreements, many people might be wondering what exactly a non-disclosure agreement is? A non-disclosure agreement is an agreement between two or more parties where one or more parties agree to keep some information confidential. These are often used by employers as part of the agreement to settle a lawsuit by an employee before it has been brought. The employer wants the employee to sign the non-disclosure agreement to keep the employee’s allegations against the employer confidential. Even if these allegations are untrue, employers may not want to go through the time, expense, and potentially negative publicity of a lawsuit and choose to settle instead. The non-disclosure agreement ensures that the emplo...