A Pennsylvania divorce can be a complicated process when there are many financial issues at stake. Some or many documents involved may be private and deserve protection.
According to Forbes, here are some reasons why you might need a confidentiality agreement for your divorce.
Err on the side of requesting confidentiality agreements
Whether you are an employee of a company or own your own business, you may be privy to sensitive business documents. In the course of your job, you need to keep this proprietary information from being disclosed. When you are going through a divorce, sometimes these documents become part of the proceedings and you might wonder whether or not to ask the court to issue a confidentiality agreement.
If you are not sure whether or not this is necessary, it is best to err on the side of requesting one. Courts are generous in extending this protection.
Understand the purpose of confidentiality agreements
There is a reason that confidentiality exists in the business world with respect to matters like client records, proprietary information, and company financials. Those reasons do not disappear just because you are going through a divorce. By protecting these matters in a confidentiality agreement, you are prescribing the appropriate treatment for this delicate data.
Generally, these agreements limit disclose of their contents to the court, any experts retained for the divorce proceedings, you and your former spouse and both of your attorneys. They also prohibit the sharing of information contained therein and dictate consequences if a party breaches the confidentiality. This may include financial penalties for violation of the agreement. Additionally, there are directives for how to dispose of the documents at the culmination of the case.