Dear Suresh,
You have asked a query on the non-disclosure agreement, especially the value of the bond that you would like to have with the employee. However, please confirm to us the nature of your industry, the type of work that the employees will do, what kind of sensitive data they will have in their possession etc.
Generally, a paragraph is included in the appointment letter on the non-disclosure of the information. Why is a paragraph in the appointment letter not sufficient? What is the need to have an exclusive NDA over and above the contents of the appointment letter?
Furthermore, many IT companies too obtain NDA from their employees. However, rather than relying on just the NDA, they also create an IT infrastructure to avoid data leakage. Have you created a similar IT infrastructure to protect your data?
Anyway, earlier there was a query on the inclusion of the NDA clause in the appointment letter. You may
click here to refer to it.
A senior member has given the first reply to the query. I agree with him that an exclusive NDA makes the issue of data security preponderant and also acts as a deterrent against even inadvertent leakage of information. In contrast, though an appointment letter is a legally valid contract under the provisions of the Indian Contract Act, 1872, the contents of it may not be viewed with due sensitivity.
Thanks,
Dinesh Divekar