Michael Morgan
Director
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Trade secrets, customer data, strategic plans. The right agreements and practices keep your confidential information secure.
Confidential information comes in many forms. All of it needs appropriate protection. What gives your business its competitive edge could walk out the door.
Your unique methods, formulas, and processes that give you competitive advantages. Once disclosed, they lose their protection forever.
Personal information, purchase history, preferences - all subject to strict privacy obligations under the Privacy Act 2020.
Expansion plans, pricing strategies, market analysis - information competitors would value. Premature disclosure can kill deals before they happen.
M&A discussions, partnership proposals, investor conversations. Premature disclosure can kill deals and damage valuations.
Before you share financials, reveal your business model, or open your books, the right non-disclosure agreement (NDA) establishes clear boundaries.
Protect information flowing in one direction. Use these when you are the only party sharing sensitive information - for example, with contractors or during investor pitches.
Best for Pitches & ContractorsProtect both parties when both sides share confidential information - for example, in business partnership discussions or joint venture negotiations.
Best for Partnerships & JVsWhat information is confidential (be specific)
What the recipient can use it for
Who can see and use the information
Information already public or independently developed
Release information in stages relating to other party's conditions (eg finance, state of physical assets, employee review, IP). Release the most sensitive last.
How long obligations last (usually 2-5 years)
What happens when the relationship ends
An NDA only works if you can enforce it. Consider whether the other party has assets in New Zealand, whether you would be willing to take legal action, and whether the damage would already be done before any court case. For truly sensitive information, consider whether you should share it at all.
Principles 1-4
Principle 5
Agencies must protect personal information using security safeguards that are reasonable in the circumstances.
Principles 6-7
Individuals can request access to their information and ask for corrections. You must respond within 20 working days.
Principles 8-9
Principles 10-11
Principle 12
Special rules apply when disclosing personal information to overseas recipients - particularly relevant for cloud services.
Data breaches happen. How you respond matters. A privacy breach posing serious harm risk must be notified within 72 hours - or face fines up to $10,000.
Stop the breach from continuing. Change passwords, revoke access, secure systems. This is immediate - within hours, not days.
ImmediateWhat information was exposed? How many people affected? What could someone do with this information? This determines notification obligations.
Within 24 hoursIf there is risk of serious harm, notify the Privacy Commissioner and affected individuals within 72 hours. We can help you determine what to say.
Within 72 hoursCommunicate clearly with affected people. Offer practical help (like credit monitoring if financial data was exposed). Document everything.
OngoingConduct a post-incident review. What went wrong? What would have prevented this? Update your systems and practices accordingly.
Post-IncidentTailored to your specific situation and enforceable in practice. One-way, mutual, or embedded in commercial contracts.
Assessing your current practices against the 13 Information Privacy Principles. Identifying gaps before they become problems.
Immediate advice when a breach occurs, including notification requirements and stakeholder communications.
Practical steps to maintain the secrecy that makes information valuable. Policies, contracts, and internal controls.
Clear policies and agreements for your team. Exit procedures that protect your information when employees leave.
Any existing documents relevant to your situation: company records, contracts, agreements you are considering, or details of issues you are facing. But if you are just at the thinking stage, that is fine too.