How Common Are NDA's Used By The Wealthy?.....

[global1]

I've heard that Trump used NDA's. I've heard that Roger Ailes used NDA's. Both these guys used them to sweep sexual harrassment charges under the rug.

I know that in business NDA's are used in situations to prevent people from leaking company secrets. I've seen NDA's used between inventors and companies.

What's the story on NDA's and their use?

[The Velveteen Ocelot]

1. They are commonly used in businesses that want to protect their trade secrets,

intellectual property or client lists, along with non-compete agreements (which are intended to prevent an employee from working for a competitor after leaving the business), but typically there are a lot of limitations regarding contents, how long they are in effect, and geographic locations (especially non-compete agreements). They can be difficult to defend in court because sometimes they infringe on people's rights of free expression or their ability to make a living. But most people don't challenge NDAs because they can't afford the litigation costs.

[SCantiGOP]

5. I'm retired now

But in my business career I probably signed 5-10 every year. Any time I was dealing with a company where they had to disclose proprietary information they would require an NDA, and we would also require one of them on occasion.
That way, if anyone passed on sensitive information, the company had the right to sue the employee’s company, not the individual, for substantial damages.

[Proud Liberal Dem]

2. TBH I don't know

but I think they're super-shady in general when it comes to personal relationships.

[beachbumbob]

3. used with many settlements of lawsuits as well as condition of employment

not just a tool of "wealthy"

[Renew Deal]

4. It's probably an NDA with the company.

And they are very common.

[maxsolomon]

6. As a firm, we have to sign them when we have big corporate clients

In some cases, we can't even tell our families about the project, and we can't take photos of the completed building.

It's ridiculous. When I have to go to Beaverton, OR multiple times in a year, it's not too hard to guess who we're working for.

[ooky]

7. NDA's were standard procedure in my experience.

I was involved in new product development. My company required it and the companies we dealt with required it. We didn't sit down for the first meeting and subsequent exchange of information until we exchanged NDA's protecting each other's confidential information.