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LEGAL GLOSSARYWhat Is Confidentiality?
An obligation or arrangement concerning the protection and use of information that is treated as confidential.
What Does Confidentiality Mean?
Confidentiality is the protection of information that the parties agree, or the circumstances require, to be kept private. It commonly appears as a clause in agreements and as a separate arrangement such as an NDA.
Why It Matters
Business information is often commercially valuable. Clear confidentiality arrangements help define what information is protected, who may use it and what happens if the obligation is broken.
Related Information
Related legal terms: Non-Disclosure Agreement, Contract
Related practice area: Corporate & Commercial Law →
Dealing With a Related Matter?
This explanation is a general starting point. If the term matters in a specific situation you are facing, a conversation about your facts can help you decide the right next step.
Contact Gyanendra Singh →This definition provides general information and does not constitute legal advice. Laws change, and their application depends on the facts of a matter. For advice on your specific situation, consult a qualified lawyer.