What Is A Breach Of Confidentiality?

Here at Burgh Thorpe Solicitors in Peterborough we have a team of commercial solicitors that help business owners with a wide range of legal concerns, queries and protection. One of the things that our commercial law specialists can help your business with is Confidentiality Agreements. These help to avoid a breach of confidentiality and protect your business going forward.

So, what is a breach of confidentiality?

A breach of confidentiality will occur when sensitive business information is disclosed without proper authorisation. A breach could take place in a number of different ways. For example, it could be an employment relationship, a client contract or a business partnership. The consequences of a confidentiality agreement breach can be severe. This is because they not only affect immediate business parties. The breach could also negatively impact the broader business environment.

If your business is faced with a breach of confidentiality, you will be faced with a number of options to consider. Firstly, you will need to assess the breach and the situation. Find out how the breach occurred, and the information involved. You need to be aware of the parties affected by the breach, as this will help you decide what to do next.

It may be necessary to take legal action. This is especially the case if the breach has resulted in significant harm to the business or parties involved. You could sue for breach of confidentiality. This is where the aggrieved party files a law suit against the offending party. The aim is to seek damages for losses incurred. The other option is an injunction. This is where a court will issue an injunction which prevents further information being disclosed. This helps to protect the interests of the aggrieved party.

You may also want to consider negotiating a settlement as this can be more beneficial that pursuing a lengthy legal proceeding. Negotiating a settlement can be done through mediation. This is where a third party facilitates discussions between the parties with an aim to reach a resolution for both parties. The other option could be with a settlement agreement. This is where parties agree to specific terms to reach a resolution. This could be financial compensation or commitments to prevent future breaches of confidence.

Worried about a breach of confidentiality agreement in your business? Call our commercial lawyers in Peterborough now to see how we can help you. Our commercial law specialists will give honest and professional guidance to help protect you and your business.