Single-use confidentiality agreements contain only obligations of one of the parties. This type of agreement is common when you are developing a new product or service and looking for potential suppliers or partners. If you disclose confidential information, you should keep the information secret forever. However, confidentiality agreements generally set a period during which the recipient is required to keep this information confidential. The period may depend on the nature of the operation, because in a rapidly changing sector such as technology, the reality is that information can lose its business value quite quickly. As a general rule, it is generally unrealistic to expect your recipient to be required to keep the information confidential indefinitely. Most recipients of confidential information will want to make sure there is a specific date to exempt them from their obligations. However, using and trusting the 2018 rules can be difficult if you are not able to easily prove that this information was confidential. Therefore, it is recommended to use confidentiality agreements to ensure that all parties are aware that the information is confidential and what are the contractual consequences of a breach of the information confidentiality agreement. It is important that the content of the confidentiality agreement is negotiated in order to identify confidential information and ensure that the recipient of the information can comply with the terms of the agreement. Some UK business owners feel they don`t need a confidentiality agreement, either because they can trust the party to whom they provide economically sensitive information, or because they believe the law protects their business without the need for a confidentiality agreement. In summary, the two main factors you need to consider if you`re thinking about how long you`re in the business of your privacy are the type of information you`re trying to protect and the jurisdiction you`ll use for your agreement.
While this may not be the clearest answer, the most important conclusion here is that the „duration“ of an NDA and the „duration“ of the duty of confidentiality are two separate issues that should be clearly addressed and clarified in your agreement. Parties in an emergency situation often feel that they are not in a position to advance the issue of indefinite confidentiality and that they end up agreeing on a limited period of time. There are both legal and commercial justifications for including deadlines in confidentiality agreements. The agreement should continue to provide that information made public through no fault of the parties is no longer protected under the agreement. . . .