Confidentiality contract: importance, regulations and data that must be included

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A confidentiality contract is a legal agreement between two or more parties that establishes terms and conditions regarding the handling of information considered confidential and shared between them. This type of contract can be used to protect intellectual property, trade secrets, business strategies, financial information or any other type of confidential information that is considered valuable and that needs to be protected from unauthorized disclosure. Below we tell you everything you need to know about the confidentiality contract: what it is, what its importance is and how to improve its implementation with the help of technology. Confidentiality contract in HR This type of contract is of great relevance for Human Resources professionals, since they are responsible for handling confidential and personal information of both employees and the company. Some of the reasons why a confidentiality agreement is important are: Information protection This type of document is a tool that allows you to protect the confidential information.

of the company and employees, ensuring that it is not disclosed or shared without authorization. Regulatory Compliance In many cases, laws and regulations require companies to protect the confidential information of their employees and the company as a whole. The confidentiality agreement is one way to ensure that these regulations are followed. Confidence Building When emp America Cell Phone Number List loyees know that their confidential information is protected, they feel more secure and confident working at the company. This can improve morale and job satisfaction. What regulations exist in this regard? In Mexico there is a specific regulation related to confidentiality contracts. The Federal Law on the Protection of Industrial Property (LFPPI) establishes the legal provisions related to the protection of industrial and business secrets, as well as the way in which these can be protected through the use of confidentiality contracts. The LFPPI defines industrial and business secrets as exclusive property information of a company that is not public knowledge and that can be economically exploited due to its commercial value.



The information of an industrial secret may be contained in documents, electronic or magnetic media, optical discs, microfilms, films or in any other medium known or to be known. Federal Law for the Protection of Intellectual Property The law establishes that the owner of an industrial or business secret can require third parties to sign a confidentiality contract to protect their information. However, it must be emphasized that the personal data of collaborators must receive the same treatment as this is established by the Federal Law on Protection of Personal Data. The person responsible or third parties involved in any phase of the processing of personal data must maintain confidentiality with respect to them, an obligation that will subsist even after ending their relations with the owner or, where applicable, with the person responsible. Federal Law on Protection of Personal Data A confidentiality contract must seek to protect the information of all parties involved since this is established by Law and in this way a level playing field is established for both companies and collaborators.