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The text discusses the importance of a confidentiality agreement, also known as a proprietary information and inventions agreement, for employees and consultants in a company. This agreement is crucial for protecting company secrets and inventions. It is advised that every company should have this agreement in place when forming the company, and all employees and consultants should sign it. Failure to do so can create complications, especially during M&A discussions, and may lead to legal issues if individuals involved in developing technology have not signed the agreement.
