The following Information Law Q&A provides comprehensive and up to date legal information covering:
The legal definition of confidential information is information that is (i) confidential in nature, and (ii) disclosed in circumstances that give rise to a duty of confidentiality. What does this mean in practice? In many cases it will be obvious that information is confidential eg a customer database, a trade secret such as a new chemical formula or a business sales strategy. Sometimes it won't be obvious, eg oral communications at a work social event or informal email communications can constitute confidential information. Therefore it is vital to have (i) a system in place to protect confidential information, and (ii) ensure employees are aware of the risks and discouraged from using information unlawfully.
Many employment contracts will include provisions on confidential information. However, one size might not fit all and it is a good idea to seek legal advice to ensure that your employment contracts are suitable for your business and the different categories of employee. For example, different contractual measures may be required for home or mobile workers versus officer workers. It is important to review confidentiality provisions regularly as employee take on different roles, new technologies emerge and legislative framework changes. See Practice Note: Confidential information and trade secrets in employment.
Confidential information needs to be recorded and shared cautiously; a
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of association, and•any resolutions and agreements affecting a company’s constitutionThe CA 2006 definition of 'constitution' is not exhaustive and also
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.