List three ways the need for confidentiality can arise when communicating and negotiating with internal and external parties

Sensitive Information: When dealing with internal and external parties, there may be sensitive information such as trade secrets, financial data, or personal employee details that need to be protected to prevent misuse or unauthorized access.

Competitive Advantage: Confidentiality is crucial to maintain a competitive edge. Sharing strategic plans, marketing strategies, or product development details with unauthorized parties can compromise a company's position in the market.

Legal and Regulatory Compliance: Many industries are governed by strict laws and regulations regarding data protection and privacy. Ensuring confidentiality helps in complying with these legal requirements and avoiding potential legal repercussions.