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The role of confidentiality agreements in divorce

On Behalf of | Aug 7, 2020 | Divorce |

Ending a relationship is usually a deeply personal matter. Many people in Alabama prefer to keep the personal details of their divorce private, but there are also a number of individuals who also want to protect sensitive financial information from being made public. For these people, it might be appropriate to consider asking for a confidentiality agreement.

If financial information was not available to other people before divorce, then it is usually safe to say that it should remain inaccessible after the process is completed. This is usually a concern among business owners, members of LLCs and employees who have access to proprietary information. But what is most often the case is that these individuals must disclose company financials and other data that does not need to be shared.

A confidentiality agreement specifies which documents and financial information are not to be disseminated to outside parties. This generally excludes those who are involved in the divorce, including the court and attorneys. An agreement will also specify the consequences of disclosing that information and the appropriate methods for disposing of confidential documents.

It is important that everything is on the table during divorce, and it is understandable that some people may feel worried about what an ex-spouse might do with certain information. Unfortunately, few realize that it is entirely possible to ask for a confidentiality agreement. With sensitive financial information and other data on the line, it may be helpful to reach out to an attorney who is knowledgeable in Alabama family law.