How To Handle An NDA Dispute
Otherwise known as non-disclosure agreements, NDAs are more common than ever before in the modern business world. In the age of social media and instant digital connections, companies must be incredibly careful about disclosing certain information. In theory, a non-disclosure agreement can help protect companies who don’t want certain information to be released. But what happens if something goes wrong? What happens if the non-disclosure agreement is disputed?
If you find yourself dealing with this situation, you should probably get in touch with a qualified business law attorney as soon as possible. These legal professionals can help you strive for the best possible results, whether you wrote the NDA or you signed it. With assistance from a business law attorney, you can resolve disputes, protect your intellectual property, and stand up for your rights. It’s best to get in touch with a qualified, experienced attorney as soon as possible if you’re serious about achieving results.
While there are many things you can do after the NDA has been breached to address this difficult situation, it’s always best to avoid this situation in the first place (1). You can do this with a range of simple yet effective strategies, including:
- Make sure your employee actually reads the NDA and is aware of the terms
- Secure all confidential information as much as possible
- Clearly label all confidential information to avoid accidental leaks
Once the NDA has been breached, it’s time to start collecting evidence. You might have to do some digging in order to figure out how the information was released and who released it. This is why it’s always a good idea to carefully document the activities of anyone who has access to sensitive information. For example, you might want to task a trusted employee with taking notes whenever a piece of information is accessed or used in any way. This can provide clues as to how the leak occurred at a later date. Of course, a qualified, experienced business law attorney can help you gather evidence and hold the guilty party accountable.
File for Damages
The next step is to file for damages. Depending on the type of leak, there may be considerable financial losses to contend with. You’ll need a qualified attorney to add up these losses, ensuring that you’re pursuing a settlement that adequately reflects the total damages. Misappropriation of trade secrets, breach of fiduciary duty, and patent infringement can all result in millions of dollars in losses (2).
Enlist the Help of a Qualified Attorney Today
For help from a skilled Miami business & financial dispute attorney, look no further than Alhalel Law. Over the years, we have helped numerous organizations and professionals with a variety of business law issues, including contract disputes. These situations may seem daunting at first, but they can be easily resolved with the right legal representation. Get in touch as soon as possible, and we can help you get started with an effective action plan.