Non Disclosure Agreement In South Africa

A buyer may impose confidentiality conditions on suppliers to cover their own proprietary information when potential suppliers review existing procedures and procedures to determine how their products and services meet buyers` requirements. When companies are acquired and sold, the review and valuation of INTELLECTUAL property assets has become an essential task in due diligence, a thorough investigation conducted by the company`s purchaser to identify, test and quantify this part of the purchase against the price. With respect to the disclosure of plans, there is a trend for people requesting the signing of confidentiality or confidentiality agreements. An NDA is useful: in all these circumstances, the use of ARAs must strive to provide some protection and to show that no general disclosure is provided. There are two issues that I would like to address in this article: a Confidentiality Agreement (NDA), also known as a Confidentiality Agreement, is a two-party legal agreement that describes confidential documents, knowledge or information that the parties wish to share for specific purposes, but which wish to restrict access to third parties or third parties. It is a contract by which the parties agree not to disclose the information covered by the agreement. As part of this process, it is very important to correctly identify the information that needs to be protected and to plan for disclosure. At a high level, you have to decide whether you want to: if you choose the path of an NOA, I always find that the care given by companies to the introduction of an NDA before coming into contact with a potential business partner is inversely proportional to the level of thought and effort devoted to developing the requirements of the NOA to actually protect confidential information and the risk of non-disclosure – the main objective of the exercise (the main objective of an NDA is to ensure that confidential information remains confidential and is not disclosed to competitors, disseminated to the general public or exploited in competition with the owner). Home > General > Ten things to know about confidentiality agreements In South Africa, there is currently no general privacy law and, therefore, confidentially disclosed information is not necessarily protected by law. The Privacy Act (POPI), currently being drafted by the South African Law Commission, is such a general law, but it is not yet in force. See our article “Privacy: Will the Wait Be Over Soon?”. However, some statutes (for example.

B the National Credit Act) protect “confidential information.” In addition, confidentiality clauses in confidentiality agreements are the only way to commercially protect confidential information. Once the law is popular, confidential information will form part of the definition of “personal information” that is protected by law.

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