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  • Secrecy/nondisclosure Agreement ... - Auburn University - Auburn

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Technology Transfer, 570 Devall Drive, Suite 102, Auburn, Alabama 36832. Whereas, AUBURN has developed technology related to ( Technology ) and COMPANY wishes to evaluate the same for possible collaboration and/or commercialization; and Whereas, the parties recognize that in order to accomplish this purpose, it may be necessary or appropriate for one party to disclose to the other, information or technology which is considered by the disclosing party to constitute its confide.

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Whereas NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data, confidentiality agreements are typically devised in employment or personal situations to protect sensitive information.

NDAs typically last from 1 to 5 years, with some requiring indefinite confidentiality for trade secrets. The duration of an NDA is critical for protecting confidential information effectively. Specifying the terms, including the duration and conditions for trade secrets, is essential for legal protection.

Since NDAs are civil contracts, breaking one isn't technically a crime. However, it could come with severe financial penalties. Violating an NDA leaves you open to lawsuits from your employer, and you could be required to pay financial damages and possibly associated legal costs.

Understand that the NDA we sign is a lifetime agreement with the federal government.

Confidential obligations in commercial agreements usually last a period of between two and five years from the date of disclosure. However, if you're not sure, it's always a good idea to seek legal advice to avoid stumbling into hot water.

The term of the NDA indicates how long the NDA will remain in effect. Typically, the standard use for NDAs ranges from one to five years.

An NDA could be unenforceable if it is too broad, is not for a defined time period, covers information that is not confidential, or asks for illegal conduct.

NDAs can be very effective and they can last indefinitely. The Coca-Cola recipe, for example, has been kept secret for well over 100 years by the continuous use of secrecy procedures, including NDAs.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232