Non-disclosure agreements (NDAs) are an essential tool for companies seeking to protect their confidential information. While its illegality to prevent the disclosure of trade secrets, a clear and carefully drafted NDA can go a long way to deter potential misappropriation.

Chicago-based businesses wanting to safeguard proprietary information can benefit from understanding the nuances of the non-disclosure agreement so they can make the best decisions on their legal team. As it’s important to get NDAs right for the protection of the company’s IP, the following five considerations should take into account when drafting NDAs:

1. Specificity