What can be penalty in case of violation of
confidentiality agreements?
There can
be a strong penalty if the secret information or data is disclosed in violation
of the confidentiality agreement. The provisions of the agreement determine the
penalty in most of the cases. In absence of any such provisions the damages can
be in accordance with the loss faced by one or more than one parties.
In some of
the confidentiality agreements there is a time period mentioned. The parties
are bound to keep the data and information secret till that time period if it’s
mentioned. Such data and information should not be shared in any way with the
third parties if no such time period is mentioned in the agreement.
