question about keeping the outcome confidential

[circuit]

does anyone know how a bank would penalise someone for breaking a confidentiality agreement? are they likely to bother - and what form would it take? surely they could not demand the payment back?

 

alo, if someone's account was closed after they had promised confidentiality, how would they go about complaining to the OFT (for example) and explaining the events that lead up to it?

[neilloffhagen]

Hi circuit,

 

I'm no lawyer, but I'd have thought a confidentiality agreeent should say what you're supposed to keep confidential and also outline or detail the penalties. For example, I'd expect if it was to do with the amount you received, it would say maybe that if you revealed the amount you'd have to give some or all, of it back?

 

Surely it can't just be a blanket agreement that you're not allowed to discuss any of your dealing with the bank again in public?

 

Neil.

[circuit]

that's the kind of thing people are getting, yes. "sign here to agree you will keep this amount and case confidential". it's very vague - i can't say much about why i'm asking, but i probably don't need to!

[Alleycat]

To be honest I just wouldn't sign any sort of confidentiality clause. You don't have to and therefore there would be no penalty if you did accidentally let something slip.

[circuit]

hm, well i guess it's too late for some... and to be honest it's probably convenient for a lot of people to sign a confidentiality clause rather than battle on even longer? it may not be advisable, but a lot of people are wary of court action and glad to see the back of the dispute.

[padi777]

Don,t sign it they will pay up after a week in my case,I asked for £250 to keep quite did,nt get it, they just sent me a cheque for full amount claimed (Cheltenham & Gloucester)

[circuit]

you are problably right. but my original questions were - what form would punishment take? how does confidentiality affect the right to complain in the future? how much can you disclose, and at what point do you have to 'shut up'? i'm starting to wonder why banks are not providing terms and conditions with these confidentiality agreements.

[neilloffhagen]

i'm starting to wonder why banks are not providing terms and conditions with these confidentiality agreements.

Probably to cover as wide as possible any circumstances, so you can't wriggle round the agreement, so you think you have to keep everything quiet and not reveal a little bit here and there, which eventually gives the whole thing away.

 

I've not had an offer yet, still at the first letter sent stage. I hope when I get an offer, if it contains any confidentiality agreement, I'll remember to ask for specific terms and that it's worthwhile signing, ie that they offer me a lot more than the amount I'm actually claiming, otherwise what's the point? The fact that they are trying to keep things quiet to me again admits we are in the right.

 

Neil.

[circuit]

This topic was closed on 08 March 2019.

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