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Non-disclosure agreements (NDAs) are one of the most used legal tools for IP protection, yet over 60% of companies lack centralised tracking systems for managing them. This creates compliance blind spots, where employees and external partners may access sensitive IP without clear records of their obligations. Mismanagement of NDAs can lead to costly legal disputes, regulatory penalties, and accidental disclosures.
A 2023 report by ContractWorks found that 47% of legal teams still use spreadsheets or email trails to track NDAs, leading to lost agreements, poor version control, and difficulty enforcing terms. Furthermore, 40% of companies fail to properly offboard employees, leaving them with access to trade secrets long after they've left the organisation.
Peerdweb integrates NDA workflows as smart contracts, ensuring that employees, contractors, and partners acknowledge their confidentiality obligations at the point of access. These blockchain-backed agreements are automatically assigned to specific assets, creating a tamper-proof, legally enforceable record of acceptance and access. Peerdweb tracks compliance in real time, provides audit-ready reports, and automates alerts on potential violations, eliminating manual tracking inefficiencies and reducing legal risks while maintaining full transparency over IP protection.
Stop chasing down NDAs. Automate compliance and ensure legal clarity with Peerdweb.