Confidentiality Agreement

Payroll Definitions

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Confidentiality Agreement Definition

Term Definition:

A legally binding agreement (generally written and signed) made between a prospective or current employee or client and a company or human resource department to maintain secrecy about the company.

Extended Definition:

A formal confidentiality agreement restricts the sharing of information. The information protected under the agreement must be spelled out in the contract at the time it was signed. Often, this will include confidential information about the company’s workings, salary information, infrastructure, and management within the company, but may contain anything from a secret formula to pending patents.

Related Blog Article:

Why are Confidentiality Agreements Important?

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