Is there a way to prevent technology leaks?

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Hello. I'm an employee at a company. There was nothing said until a few days ago, and suddenly they said the company's situation is bad and told me not to come to work starting next week. I know we recently got a big order — management deterioration? Feeling so wronged, I looked for solutions and learned about unfair dismissal lawsuits. I want to prepare an unfair dismissal lawsuit too — could you tell me how?

technology leak

M&A security

small and medium enterprise M&A

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作者: 김국일

You asked about security maintenance methods to prevent technology leaks.

During the M&A process, since security-critical information such as the company's core technology and trade secrets are exchanged, concerns about leaks are bound to be significant.

A representative method to prevent technology leaks during the M&A process is first to conclude a Non-Disclosure Agreement (NDA).

An NDA specifies at what stage and what level of information will be exchanged between seller and buyer, and is an agreement on maintaining confidentiality of information.

Through specific provisions such as the scope of information provided, the obligation to dispose of information, and damages liability in case of leakage, you can prepare for technology leaks.

Such confidentiality content is typically included not only in NDAs (Non-Disclosure Agreements) but also in LOIs (Letters of Intent), MOUs (Memoranda of Understanding), and SPAs (Stock Purchase Agreements).

Also, using a Dataroom can further enhance information security.

It has the advantage of being able to restrict access privileges or encrypt files to control access.

By utilizing these measures, you can proceed with M&A while minimizing the risk of technology leaks.

To prevent legal risks, we recommend preparing after receiving legal advice from an M&A attorney.