Confidentiality and Non-Disclosure Agreements for Ontario Businesses

A confidentiality agreement (also known as a non-disclosure agreement) is a legally binding contract used in a variety of business contexts such as commercial lending, consulting agreements, employment relationships, or joint venture negotiations. 

Confidentiality agreements help to facilitate transactions by permitting parties to disclose private information without risk that the other party will harm their business by disclosing trade secrets or other proprietary information the disclosing party wants to keep private.

Protect your Trade Secrets with a Non-Disclosure/Confidentiality Agreement

Confidentiality agreements can be used with employees, contractors, business partners, clients, or suppliers, to keep internal information confidential and prevent others from taking advantage of sensitive business information that is disclosed during the business relationship.

$599.99 + HST.

Why do I need a confidentiality agreement/non-disclosure agreement?

A Canadian Confidentiality Agreement must be carefully worded and drafted to account for the particular transaction, or industry, you are doing business in. Without the proper restrictions governing the permitted use, disclosure, and return of confidential information, you take the risk that your sensitive business information like clients, suppliers, and pricing, will end up in the open market or that competitors may take advantage of a business opportunity before you can take advantage of it yourself. Confidentiality agreements provide protection by allowing a party to sue for damages in the event the agreement is breached or allow for other remedies such as for the breaching party to have to account to the disclosing party for any profits received from the unpermitted use of the confidential information.

A confidentiality agreement may also allow the disclosing party to obtain a court ordered injunction prohibiting the recipient of the private information from making further breaches or to cease making use of the confidential information. If your confidentiality agreement is not enforceable (or improperly drafted) you risk having no recourse against a party that breaches the agreement. This is why it is important to avoid downloading confidentiality agreement templates and have a confidentiality agreement drafted by an Ontario contract lawyer.

How to Draft a Confidentiality Agreement with Supply Law

1.

Submit your request for a consultation.

2.

A licensed Ontario contract lawyer will contact you and provide you with a questionnaire about your business and the confidential information you need to protect.

3.

Return your completed questionnaire and your lawyer will produce a draft version of your confidentiality agreement/non-disclosure agreement.

4.

Review your draft confidentiality agreement and provide your feedback.

5.

Your lawyer will review your feedback, make any necessary amendments, and provide you with a final draft version of your confidentiality agreement you can use right away.

From the Blog

Not sure what you need?

No Problem! Grab a time for a quick chat and some helpful advice.

* As with all legal matters, pricing will ultimately depend on the complexity of the situation and the time a lawyer spends working on a file. All references to pricing and flat rate fees reflect the standard rate in usual circumstances. In the event the complexity or time spent working on a file exceeds usual circumstances Supply Law reserves the right to provide you with a revised estimate and you may choose to accept the new estimate and continue with work or terminate the retainer agreement and only pay for those services already rendered.