In your role working as a paralegal or legal assistant for eHarbour, draft a memorandum to Daniel Hudson, the eHarbour general counsel, discussing the need for all eHarbour employees and independent contractors to sign a new confidentiality agreement and non-competition agreement as a condition of continued employment and business relationship with eHarbour.

1. What are the basic elements for a valid contract?

2. What are the benefits of a confidentiality agreement and non-competition agreement for eHarbour?