Non-disclosure agreement – NDA

When conducting their business, companies often encounter situations, in which a business partner gives them an NDA to sign. The NDA is meant as a commitment to honor or safeguard a trade secret that will be uncovered during the course of their business collaboration. Abroad, non-disclosure agreements or NDAs are common in every new business collaboration. But in Slovenia, they were not that common (until recently).

When conducting their business, companies often encounter situations, in which a business partner gives them an NDA to sign. The NDA is meant as a commitment to honor or safeguard a trade secret that will be uncovered during the course of their business collaboration. Abroad, non-disclosure agreements or NDAs are common in every new business collaboration. But in Slovenia, they were not that common (until recently).

The obligation of professional secrecy is not regulated by legal provisions that would regulate a bilateral contract. Existing legal basis enables a specific company to unilaterally enforce the obligation of professional secrecy and the responsibility of persons who are obligated to protect trade secrets, thus committing shareholders, workers, members of company bodies and other persons to professional secrecy.