Here at Nash & Co Solicitors, we understand how vital commercially sensitive and confidential information is to your business. However, the laws protecting this kind of information don’t always offer the level of protection you may expect.
With this in mind, it’s crucial to understand what will be protected as confidential information and learn how you can enforce your rights if this information is misused.
“A wide range of sensitive information – from your business processes, business plan, analytics, statistical information to client lists and financial information – may be protected as confidential information and there is often a significant risk to a business in that information becoming public knowledge. Therefore, it is important that stakeholders understand how they can protect valuable information.”
Jamie Carr, Head of Dispute Resolution Team
Non-Disclosure Agreements & protecting your confidential information
In situations where confidential information is disclosed (either deliberately or inadvertently), it’s crucial to act quickly. Therefore, you should seek legal advice as soon as it becomes apparent that the information is in the hands of third parties.
Information falling into the wrong hands can have a detrimental and harmful effect on businesses. This is why taking legal advice at an early stage is crucial.
Our team of legal experts are here to help. We can advise our clients on the options that are available to them and advise on how to move forwards.
In many cases, the most effective step is to apply to the court for an injunction. An injunction will prevent the disclosing party from any further disclosure. Alternatively, it can prevent the recipient from acting upon or retaining the information. However, injunctive action has little benefit in circumstances where the confidential information has already leaked. In these cases, pursuing financial compensation is often the route forwards.
Binding agreements such as non-disclosure agreements (NDAs) are typically seen as a secure way to ensure that information remains confidential. An NDA can be between employees and employers, or between parties of a transaction. However, NDAs pose some issues. In some cases, they aren’t a practical solution. As a result, this means businesses need to take other measures to demonstrate that the information they want to keep private is protected at law. Our team can help you with this by establishing the best ways to protect your confidential information and intellectual property. We can also advise on restrictive covenants as a means of protecting your commercial interests.
Why choose us?
Our team of commercial solicitors have decades of combined experience. They’re highly experienced in advising businesses about what kind of information may be protected by law. Additionally, we will also recommend practical steps that can be taken to ensure that your confidential information is protected.
We have worked with a wide range of businesses from a number of sectors. This includes SME’s, family businesses, local authorities and large multi-national companies. Our diverse experience means that we’ve got the skills and knowledge to help you. We’ll deliver practical and lasting solutions that best suit your company’s needs.
Do you feel that commercially sensitive or confidential information has been put at risk? Would you like to know more about taking action against a third party? Are you in need of advice on how to keep your confidential information safe and protected? We can help you. Please contact Jamie Carr from our Commercial Dispute Resolution team on 01752 827014 for an initial discussion. You can also email Jamie at [email protected] or request a callback by filling in our contact form.