Architectural Drafting Services: Intricacies Of NDAs (contd.)
The AEC Associates Architectural Drafting Services constantly face a threat of a theft or leakage of their classified design data, especially while dealing with other professionals or outsourcing vendors. We discussed the need for entering into some sort of a confidentiality agreement with these outsiders to safeguard the interests of Architectural CAD drafting services in our last post. Let us take a closer look at the features of a non-disclosure agreement here.
Salient features of a non-disclosure agreement:
- One needs to specifically define the term “confidentiality” to make it absolutely clear about which information is not to be disclosed without taking the prior permission of the company.
- It is essential to clearly state in the agreement whether both parties are bound by the non-disclosure clause or whether only one of the parties is bound by it. In case both parties stand to lose in case of a theft or leakage of the classified information, a mutual agreement should be formed. However, if only one of the parties stands the risk of losses in case of a disclosure of information, the contract will be made legally binding for only the party that doesn’t stand the risk of losing anything in case of a theft of data.
- The Time period for the non-disclosure of the information must be stated clearly in the agreement to avoid any confusion at a later stage. This may depend on the laws of the region.
Working of an NDA:
A non-disclosure agreement ensures the safety of the classified data information and allows the Architectural CAD drafting services to do their work without worrying about any theft or leakage that might harm their prospects. An NDA includes some contractual obligations by the disclosing party. In case of a disclosure, whether it is intended or unintended, a civil action may be pursued by the aggrieved party as per the manner agreed upon in the agreement.
Architectural drafting services can ensure the safety of their classified design data by entering into a non-disclosure agreement with the vendors that is drafted carefully. A confidentiality agreement is not only a buffer against unwanted theft or loss of classified information, it also saves you from heavy financial losses and helps you keep good relations with your business partners.