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Confidentiality agreement: Difference between revisions
→Possibility of injunctions
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Like I say, whatever floats your boat. | Like I say, whatever floats your boat. | ||
====No [[representations]] or [[warranties]]==== | |||
Another one for the “[[I never said it was]]” file, a clear [[disclaimer]] that when giving you this information, I never said it was accurate or good for anything. so you can’t sue me if you rely on it and lose money. | |||
====Term==== | ====Term==== | ||
Some folks will insist on a hard stop, say two years, after which supplied information ceases to be confidential. [[Inhouse lawyer|Inhouse lawyers]] may profess themselves to be immutably bound to have such a term by internal [[policy]]]]. While the commercial value of much information does go stale over time (blueprints fo a BetaMax, anyone?), this isn’t universally true — a client list is valuable however long you hold it — and the usual justification for the hard stop (“we don't have the systems to indefinitely hold infoirmation subject to confidence and don't want indeterminate liability for breach”) is a canard. Whatever information security systems you do have don’t suddenly stop working after three years. And as for indeterminate liability — well, [[no harm no foul]]: if the information really is stale then no loss follows from a breach, right? No loss, no damages. | Some folks will insist on a hard stop, say two years, after which supplied information ceases to be confidential. [[Inhouse lawyer|Inhouse lawyers]] may profess themselves to be immutably bound to have such a term by internal [[policy]]]]. While the commercial value of much information does go stale over time (blueprints fo a BetaMax, anyone?), this isn’t universally true — a client list is valuable however long you hold it — and the usual justification for the hard stop (“we don't have the systems to indefinitely hold infoirmation subject to confidence and don't want indeterminate liability for breach”) is a canard. Whatever information security systems you do have don’t suddenly stop working after three years. And as for indeterminate liability — well, [[no harm no foul]]: if the information really is stale then no loss follows from a breach, right? No loss, no damages. | ||