Company Types_ All partners should make it clear the possible involvement of the primary business in the future. They should find the ways or possibilities from such idea. This will prevent future conflicts with regards to business growth.
The confidentiality agreement is in many ways the equivalent of a non_disclosure agreement in that it is intended to protect the company from the loss of any confidential information or intellectual property. While the two agreements may be similar in nature, you will find that the major difference between the two are the penalties should an employee breach the contract and divulge any confidential information. The more serious penalties are reserved for a confidentiality agreement and can result in criminal lawsuits and very large fines if not prison sentences.