The Importance of NDAs in Business
Your confidential information is the lifeblood of your business, a vital asset that, if mishandled, could severely compromise your competitive standing and future opportunities. As such, every disclosure - to service providers, potential partners, or even your own employees - requires stringent measures of protection.
You may need to share information while:
- Seeking funding for a new product, app, or service.
- Discussing key aspects of your business with potential suppliers or manufacturers.
- Collaborating with essential service providers like IT support or outsourced functions.
- Considering a potential sale, acquisition, or investment of a business or company. (our corporate department deals with all types of these transactions).
- Sharing critical business details with your employees to aid their performance (our employment department deals with all aspects of employer/employee confidentiality agreements)
Although information sharing often leads to fruitful collaboration, it's paramount to shield your business from potential misuse of such data. At Myerson Solicitors, we help you navigate these waters safely with carefully crafted, legally enforceable NDAs and Confidentiality Agreements, securing your proprietary information during all business discussions.
The Need for Tailored Agreements
Generic templates often fall short of providing the depth of protection your business requires, leaving you vulnerable to potential breaches without appropriate recourse. At Myerson Solicitors, we firmly believe in the need for an NDA that is not only legally enforceable but also tailored to the specific context of each disclosure.
Our confidentiality and non-disclosure agreement specialists excel in advising on, drafting, and negotiating NDAs that provide the maximum level of protection for your business. We address key considerations, including:
- Defining what constitutes 'confidential information' and outlining exceptions.
- Establishing the 'purpose' that the confidential information can be used for to prevent misuse.
- Assessing whether the agreement should be unilateral (where only one party discloses confidential information) or mutual (where both parties share confidential information).
- Specifying the duration of the confidentiality obligations.
- Outlining penalties and remedies for any breach of the agreement.
Trust Myerson Solicitors Commercial lawyers to help safeguard your business information with comprehensive, effective confidentiality and non-disclosure agreements tailored to your unique business context.
Why Work With Our Commercial Team
- We provide a partner-led service to ensure you receive the best commercial legal advice and support.
- We have a large and proactive commercial team which can meet your deadlines.
- You will receive city-quality commercial legal advice and commercial services at regional prices.
- As part of a full-service commercial law firm, our commercial solicitors work closely with our Dispute Resolution, Employment, and Commercial Property departments to provide our clients with a seamless service.
- We have been ranked as a Top Tier law firm by the Legal 500 for the last seven years and recognised as a Top 200 Law Firm in 2022.
- Our commercial solicitors are easy to deal with and understand that a common-sense approach is often required.
- We give our clients an estimate of the costs involved in undertaking any work at the outset and provide cost updates regularly.
- We understand that each matter is unique to your circumstances and that you need support from a commercial lawyer experienced in dealing with various clients and types of work.
- We are a full-service law firm operating from a one-site office, which means our teams communicate effectively and efficiently.
- Our commercial team use the latest technology to ensure that we are working as efficiently as possible and that geographical distance does not prevent us from providing excellent legal advice and client service.
Testimonials
Why Choose Myerson In-House+?
Reputation for excellence
Myerson is a Top 200 UK law firm with a strong reputation for delivering exceptional service and results. We’re highly ranked in Legal 500 and Chambers and have an impressive 4.8 score on Review Solicitors, reflecting our clients’ consistent satisfaction. When you choose us, you're choosing a trusted, respected partner.
Recognised leading individuals
Many of our lawyers are recognised as Leading Individuals in Legal 500, meaning you’ll have direct access to highly regarded experts in their field. In-house legal teams value working with specialists who provide tailored, high-level advice in their areas of expertise.
Comprehensive and expert legal services under one roof
Myerson In-House+ provides access to highly specialised lawyers across a full range of legal services, including corporate law, property, IP, employment, disputes, and data protection. As your trusted partner, we ensure you have the expertise you need in key areas, offering seamless support and eliminating the need to look elsewhere.
City-centre quality at competitive rates
With our out-of-city location, we provide city-level expertise at much more favourable rates. At Myerson, you get the high-quality legal services you need, without the high costs, allowing in-house teams to stay within budget while accessing top-tier support.
Industry Expertise
We bring specialist knowledge across multiple sectors, including Technology, Financial Services, Retail, Hospitality, Manufacturing, and more. We don’t just know the areas of law; we understand the specific intricacies of your industry.
Decades of experience supporting in-house teams
Myerson has been supporting in-house legal teams for over 40 years. We work closely with many in-house lawyers, working as a seamless extension of their legal function. Many of our solicitors have also worked in-house or on secondments, giving us first-hand insight into your challenges.
Flexibility and adaptability
Myerson In-House+ offers flexible collaboration options. On a retainer, project basis, or matter-by-matter, our adaptable service ensures we support you the way you want.
A strong network and valuable connections
At Myerson, we’re more than just legal experts; we are a well-connected partner. Our strong industry network enables us to offer valuable referrals, insights, and connections that can support your in-house team beyond legal advice.
Meet Our Commercial Solicitors
Home-grown or recruited from national, regional or City firms. Our specialists are experts in their fields and respected by their peers.
Contact Our Experts
You can contact our lawyers below if you have any more questions or want more information: