When you sign an employment contract, you may be asked to agree to a non-disclosure clause. This clause is meant to protect the company’s confidential information. But what does that mean for you? And can you still talk about your experience working at the company after you leave? Here’s a look at non-disclosure agreements and what they mean for employees.
What are Non-Disclosure Agreements
A non-disclosure agreement (NDA) is a contract between an employer and employee that outlines what information the employee can’t share. Non-disclosure agreements are meant to protect a company’s interest and prevent its competitors from getting an unfair advantage. This may include trade secrets, confidential business information, or proprietary information. NDAs are meant to protect a company’s interest and prevent its competitors from getting an unfair advantage.
There are two types of NDAs: mutual and one-way. A mutual NDA means both parties agree not to share confidential information. A one-way NDA only binds the employee not to disclose the company’s confidential information.
Most NDAs will contain a confidentiality clause, which outlines what information is to be kept confidential. The clause may also identify a specific period of time during which the information must remain confidential. For example, the clause may state that the information must remain confidential for two years after the employee leaves the company.
The NDA may also have a non-compete clause, which prohibits the employee from competing with the company during and after their employment. The clause may state that the employee cannot work for a competitor or start their own business in the same industry.
Why Do Companies Ask Employees to Sign NDAs?
Companies ask employees to sign NDAs for a variety of reasons. They may want to protect their business interests, trade secrets, or other confidential information. For example, if an employee is working on a new product, the company may want to prevent them from sharing that information with competitors.
As an employee, it’s important to understand what you’re agreeing to when you sign a non-disclosure agreement. This agreement can have a big impact on your ability to speak about your experience with the company, even after you leave.
Can You Still Talk About Your Job After You Leave?
If you’ve signed an NDA, you may be wondering if you can still talk about your job after you leave the company. The answer is it depends. If the NDA contains a non-compete clause, you may be restricted from working for a competitor or starting your own business in the same industry. But if the NDA only has a non-disclosure clause, you should be able to discuss your experience working at the company.
If you’re not sure what your NDA says, it’s best to speak with a non-disclosure agreement attorney. They can help you understand the agreement and what it means for you.
Non-disclosure agreements are becoming more common in employment contracts. If you’re asked to sign one, it’s important to understand what it means. An NDA can restrict your ability to work for a competitor or start your own business. But it shouldn’t prevent you from talking about your experience working at the company. If you’re not sure what your NDA says, speak with a non-disclosure agreement attorney for clarification.