Asked by Miguel Angelo on Apr 28, 2024
Verified
Which of the following is true of a nondisclosure agreement?
A) It requires employees to promise not to reveal any confidential trade secrets,should they leave their present employment.
B) It limits a worker's employment options after leaving his or her present job in order to protect the present employer's confidential matters.
C) It restricts the seller of a business to enter the same type of business during a reasonable time and within a reasonable geographical area.
D) It states that the party who wrote the contract will not be liable for any economic loss or physical injury,even if that party caused the loss or injury.
Nondisclosure Agreement
A legal contract between two or more parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes but wish to restrict access to or by third parties.
- Recognize and elaborate on crucial legal principles and contracts, including confidentiality agreements, excessive interest rates, and arrangements to avoid liability.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
A nondisclosure agreement requires employees to promise not to reveal any confidential trade secrets, should they leave their present employment. It is a legally binding agreement that restricts the disclosure of confidential information. Options B, C, and D are referring to different types of agreements like non-compete agreements, which are different from nondisclosure agreements.
Learning Objectives
- Recognize and elaborate on crucial legal principles and contracts, including confidentiality agreements, excessive interest rates, and arrangements to avoid liability.