Document background
The Secret Agreement is a crucial legal instrument used in Hong Kong business transactions where parties need to share sensitive or proprietary information while maintaining strict confidentiality. It is particularly relevant in scenarios such as business negotiations, due diligence processes, joint ventures, or consulting arrangements. The agreement defines what constitutes confidential information, establishes clear obligations for information protection, and outlines consequences for unauthorized disclosure. Following Hong Kong legal principles, it provides for both injunctive relief and damages as remedies for breach. The document should be used whenever parties anticipate exchanging sensitive information that requires protection beyond standard confidentiality clauses in commercial agreements.
