Every once in a while, we as attorneys will be asked by a client to sign a nondisclosure agreement prior to a meeting or initial consultation. These nondisclosure agreements—commonly referred to as NDAs—serve the purpose of protecting a party’s confidential business and financial information by placing a contractual duty on the other party not to use or disclose that information. Clients have been told again and again by lawyers and other advisors that anyone they share confidential business information with should first be asked to sign an NDA to protect them.
