If this is not acceptable to the target entity, investment bankers may make a confirmation in which they agree to be bound by the confidentiality obligations of the agreement between the client and the objective. If an investment banker is required to obtain such confirmation, it must be verified and approved by the legal team before it is signed. For example, potential problems include downtime, unsolicited provisions for employees, and regulations requiring the destruction of all documents (including due diligence files from the BankDue Diligence ChecklistEThe due diligence checklist includes more than 25 items containing financial, legal and operational elements that need to be verified). The use of confidentiality agreements increased in India and was subject to the Indian Contract Act 1872. In many cases, the use of an NOA is essential, for example. B to hire employees who develop patentable technologies when the employer intends to apply for a patent. Confidentiality agreements have become very important due to the growth of the Indian outsourcing industry. In India, an NDA must be stamped to be a valid enforceable document. A confidentiality agreement can protect any type of information that is not known to all. However, confidentiality agreements may also contain clauses protecting the person receiving the information, so that if they legally receive the information through other sources, they would not be required to keep that information secret.  In other words, the confidentiality agreement generally requires that the receiving party process confidential information only if that information has been transmitted directly by the publishing party.
However, it is sometimes easier to get a recipient party to sign a simple agreement, which is shorter, less complex and does not contain security rules to protect the recipient. [Citation required] The standard used by banks to determine confidentiality is quite broad. It includes all non-public information, such as business plans, annual accounts, client lists, commercial contracts, projects and other proprietary information belonging to the bank.