3 Salient Features of Non-Disclosure Agreements: CAD Outsourcing Services
It has become a necessity in the recent years to hire reputed companies offering CAD outsourcing services like The AEC Associates as it allows you to focus more on your core competencies.Many older companies are still sceptical to outsource their design or drafting job to CAD outsourcing services provider. They feel a threat of their design getting leaked or stolen before the completion of a project.The possibility of some other organization or individual taking the credit for your work (outsourced to a third-party vendor)can be ahuge financial and professional loss to your company.
It is important to safeguard your interests:
It is important to safeguard your professional and financial interests and you must make sure there is no chance of your vital data being leaked or stolen when you are working with a vendor offering CAD outsourcing services. Using confidentiality agreements to act as a buffer against data theft or leakage is a good idea since these non-disclosure agreements (NDAs) can go a long way in ensuring safety of your classified information.
Following are some salient features of NDAs: CAD Outsourcing Services
- Defining the term confidentiality
It is essential to define the term confidentiality in very specific terms.One must make it absolutely clear which information is not to be disclosed without prior permission from them.
- Stating who is bound by the agreement
It is essential to state whether both parties are bound by the agreement or it binds only one of the parties. If both parties have an equal stake in the information, a mutual agreement should be formed. However, if only one party stands to lose,in case the information is leaked, the agreement should state this clause specifically.
- Mentioning the time period
Stating the time period for the non-disclosure of information is mandatory in the agreement to avoid confusion at a later stage. This helps both parties maintain good relations for future projects.
It’s advisable to enter into a carefully drafted non-disclosure agreement when you decide to work with CAD outsourcing services in order to effectively avoid losing classified data or design information at any stage. Non-disclosure agreements help businesses against property, information and financial losses,and help you maintain good relations with your vendors.