Privacy Policy

A privacy policy is a statement or a legal document that reveals some or all of the ways in which a party collects, uses, discloses and manages a client’s or potential clients’ data.

The aforementioned statement may be in several ways, such as physical, electronic or sound, and preferably-regardless of the version that is given to the owner of the data must fulfill the legal requirements to protect the client’s or prospect’s privacy.

In this order of ideas, the information that protects the privacy policy can be anything that is used to identify a person, which is why the name does not constitute a broad enough spectrum for this protection, and so, for example, data such as address, date of birth, marital status, contact information, as well as the professional, documents that protect the personality of a legal entity or company, financial records, credit information, medical history, intentions to acquire goods or services, biometric data, and an endless number of identifications are protected under the privacy policy.

In the case of a business, or a company of significant size and presence, the privacy policy usually is a statement by which the collection, storage and release policy of the personal information collected is disclosed; likewise, the client and/or prospect is informed about what specific information is collected and if it is kept confidential, if it is shared with the partners, or if it is sold to other companies and for what purposes.

Privacy policies usually represent a broader and more generalized treatment, as opposed to statements of data use, which tend to be more detailed and specific.

The exact content of a particular privacy policy will depend on the applicable law and you may need to address the requirements across geographic boundaries and legal jurisdictions. Most countries have their own legislation and guidelines on who is covered, what information can be collected and what it can be used for.

Overall, data protection laws in Europe cover both the private and public sectors. Their privacy laws apply not only to government operations but also to private companies and commercial transactions.

In Mexico, the main applicable law is the Federal Law for the Protection of Data in Possession of Private Companies or Individuals, which is why, if companies collect, handle and manipulate data, they are required by law to have a privacy policy in at least one of the modalities indicated above.

Do not hesitate, avoid possible risks derived from non-compliance with the regulations applicable to personal data and contact us; we are experts in corporate law, and therefore experts in notifications and privacy policies.