In recent decades, the nondisclosure agreement (NDA) has become ubiquitous in the workplace. Nondisclosure agreements are used for a variety of purposes including employment agreements, sales, procurement and other functions, ensuring businesses protect their intellectual property and trade secrets from competitors. Over time, these documents have grown in popularity as a way to ensure the wheels of commerce stay greased.
Read MoreNoncompete agreements are legal contracts between a business and another person—typically an employee or independent contractor—to bar a worker to compete with the business. Noncompete agreements may also be used by a business to bar a person who sold his or her interest in it to go into a new business in competition with the former one. Noncompete agreements are common, but they are increasingly coming under pressure from some state and local governments.
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