Data & Privacy
As a startup it is becoming increasingly vital to establish effectual data and privacy protection policies and procedures. This is particularly important in today’s technological landscape as most private information is collected and stored online. Without the proper legal protection in place, your startup will run the risk of breaching privacy laws, exposing your venture to hefty fines and irreparable damage to your brand. Some startups choose to develop their own privacy and data protection agreements; however, this may leave some aspects of your venture vulnerable if the right legislation is not included. At Allied Legal, we suggest consulting a commercial lawyer to draft the necessary documents for your Australian startup. Depending on the nature of your startup, we recommend the following agreements as a starting point:
A startup’s confidentiality agreement protects your startup in the event an employee or client is no longer involved with your startup. An employee confidentiality agreement, also called a non-disclosure agreement, is a contract between your startup and your employees. The contract should protect the confidential aspects of your venture such as manufacturing processes, price lists, marketing plans, customer lists, business plans, financial information, software, and other types of information.
Why Do I Need a Confidentiality Agreement?
Your startup needs a confidentiality agreement to protect what makes your startup your startup. An agreement will also help you to identify what categories of your startup’s information are secret. For example, some businesses may view their client lists as confidential whereas others may wish to protect their internal processes. Once identified, these aspects will need to be outlined in a startup’s confidentiality conditions.
A good confidentiality agreement will specify that your Australian startup will be irreparably harmed if there were to be a breach of the confidentiality agreement. This will make it easier to obtain an injunction to stop a team member from disclosing your startup’s confidential information. To learn more about injunction reliefs you can select the link.
Terms and Conditions
Should I Prepare Terms and Conditions for my Startup’s Website?