Search Site
Menu
Can I Tell You A Secret?

Information is everywhere.  We are inundated with information on a daily basis, and in the world of business, information is king.  Information drives business decisions, and generally speaking, the more information you have, the more likely your decisions will result in positive outcomes.  Therefore, information is valuable, information is a commodity, and information must be properly protected.

For many business, there may come a time when an opportunity presents itself to pursue a new transaction, whether it be through a major purchase or sale, a merger with another entity, or perhaps a partnership that allows both parties to work and grow together.  In each of these scenarios, it is critical that you have as much information as possible before deciding to move forward.  Naturally, the party on the other side of the proposed transaction is also seeking information from you, and it is imperative that each party simultaneously share its necessary information, while insuring that such valuable information is protected from unwanted disclosure to outside parties.  Enter the confidentiality agreement (also commonly referred to as a non-disclosure agreement).

Besides a term sheet or letter of intent, the execution of a confidentiality agreement should be one of the first steps in investigating a potential business transaction with another party.  Confidentially agreements are binding contracts that dictate the terms by which the parties agree to share certain information, while setting restrictions on how that information may be used.  While the specific terms of a confidentiality agreement may vary from transaction to transaction, most confidentiality agreements will address at least four core issues: (1) the parties disclosing and receiving the information, (2) the definition of what is and isn’t “confidential information,” (3) the rights and obligations of the party receiving the information, and (4) the term of the confidentiality obligations.

Whether you are the disclosing party, the receiving party, or both, confidentiality agreements are vital to your ability to further investigate the prospects of a potential transaction, and you must understand what your rights and obligations are under the agreement.  Negotiate and execute confidentiality agreements early on in the process, and don’t let your valuable information go unprotected.

Brian Albert

Phone: 281-367-1222

Fax: 281-210-1361

[email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact a Dedicated Texas Business Lawyer To Schedule a Consultation
Call 281-367-1222 or contact us online to schedule a meeting.

Strong In Action

  • Spring 2019

    The Strong Firm represents borrower in $42.3 million HUD construction loan for multifamily real estate development in Walton County, Florida.

    Read More
  • Spring 2019

    The Strong Firm acts as legal counsel for borrower in $32.1 million HUD construction loan for multifamily real estate development in Conroe, Texas.

    Read More
  • Spring 2019

    The Strong Firm aids borrower in $31.7 million HUD construction loan for multifamily real estate development in Nueces County, Texas.

    Read More
  • Spring 2019

    The Strong Firm represents borrower in the refinancing of a $3.57 million commercial mortgage-backed security for a commercial office facility in Montgomery County, Texas.

    Read More
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  • Peer Rated 2019 Award

Recent Blog Posts

“So…What Happens to My Bitcoin When I Die?” Modern Estate Planning for Digital Assets and Cryptocurrencies

Millennials have complicated everything. Socializing in person wasn’t enough, so they created Facebook. Dollars weren’t enough, so they created Bitcoin. Every new app, technology or cryptocurrency brings with it more uncertainty legal uncertainty around these digital assets. Are they currency? Are they property? Can they be gifted? Can they be
Read More
“So…What Happens to My Bitcoin When I Die?” Modern Estate Planning for Digital Assets and Cryptocurrencies

A Win for Property Owners: New Texas Law Makes it Difficult for Forced Annexation

The State of Texas is a strong advocate for protecting property owners from the forced taking of land, including eminent domain, foreclosure or annexation. This year, the Texas Legislature enacted a bill that protects landowners for decades to come from forced annexation. In 1858, Texas passed the first statute allowing incorporation
Read More
A Win for Property Owners: New Texas Law Makes it Difficult for Forced Annexation

Wait… Lawyers Do That?

Since the founding of the Strong Firm P.C. in 2004, we have prided ourselves on not only providing excellent legal services, but also playing a large role in our community. Every year I have the opportunity to speak to area students from first grade through college grad students on legal-related
Read More
Wait… Lawyers Do That?

Part II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title

Texas law provides several options to transfer ownership of a deceased person’s (usually called a “decedent”) property. We previously discussed the difference between a dependent and an independent administration. The dependent and independent administrations are used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such
Read More
Part II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title
  • Video Vault


    Watch videos done by our legal team to gain a better understanding of your legal needs. Our lawyers give video insight into areas such as Real Estate, Business Law, Mergers & Acquisitions and much more.

Pay Retainer Online

Use our easy-to-use and secure online payment feature.
We accept all major credit cards.

Pay Your Retainer

Contact us

Quick Contact Form