confidencialidad
Definition
Confidencialidad is the Spanish term for confidentiality, which is the legal obligation to keep certain information private and not share it with unauthorized people. When you sign a contract with a confidentiality clause, you are promising to protect specific information and can face legal consequences if you disclose it.
Example
If you hire a contractor to help build your new software product, a confidentiality agreement ensures they cannot share your proprietary code or business strategy with your competitors.
Watch Out
Make sure any confidentiality agreement you sign clearly spells out exactly what information is protected and for how long, because vague language can either leave you exposed or accidentally restrict you from sharing information you need to run your business.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.