Having all visitors to your company sign an NDA, or non-disclosure agreement, may seem like a novel concept. Silicon Valley tech companies have been requiring them for years though. More recently more firms in a variety of industries have followed.
Should your company require that every visitor sign an NDA before they enter your office? For some companies, it may be overkill. In other situations, though, it may make a lot of sense. Let's take a deeper look.
Having all visitors to your place of work sign NDAs as a policy prevents you from having to decide on individual cases, which may be borderline. Similarly, a blanket policy prevents individual visitors from taking offense to having to sign an NDA. Perhaps most importantly, if you need to pull a signed NDA, there is no question about whether the relevant party signed one.
The mere act of signing an NDA, even as a perceived formality, can make your visitors less likely to absentmindedly chat about what they saw at your visit. This gives you another informal layer of protection against losing intellectual property.
Physical NDAs must be organized and filed if they're ever to be of use to you in the future. Or digitized. Either way, there are significant administrative costs. The process will be time-consuming or unwieldy depending on how often you have visitors. And if you lose an NDA and are later faced with a lawsuit, you could be in trouble.
Immediately confronting a visitor with a legal document is not necessarily the greatest first impression. Although most will understand that the NDA is a normal step to protect your business, it may lead to a bit of awkwardness or even offense. Plus, don't you really want your personnel focused on a productive meeting? Not the admin tasks of registering a visitor?
If your company wins in the marketplace due to intellectual property, you need to protect it. In addition to world-class data security, you should legally protect any confidential information an office visitor might be exposed to. Requiring that each visitor eSigns an NDA during the digital visitor registration process is an easy and cost-efficient approach.