You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.
At the top, there are three types, unilateral, bilateral, and multilateral NDAs. The rest of the specific NDA types fall under these three categories. Most are based on who has to sign the NDA. Not all NDAs are created equally, and they can only demand so much secrecy from strangers when compared to their employees.
Yes, you can. NDA can be made between individuals like you would between independent contractors.
2. NDAs are enforceable when they are signed — if they are properly drafted and executed.
A 3-Way Non-Disclosure Agreement (NDA), also known as a Tripartite Non-Disclosure Agreement, is a legal contract that involves three parties. This agreement is designed to protect confidential and sensitive information that is shared among these parties.
The key elements of Non-Disclosure Agreements: Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.
In contrast, a mutual NDA, or two-way NDA, involves a shared exchange of confidential information between two parties. So unlike a one-way NDA, where only one party shares sensitive information, a mutual NDA has a double obligation with both parties committed to protecting each other's confidential information.
Three main categories of confidential information exist: business, employee and management information. It is important to keep confidential information confidential as noted in the subcategories below. Customer lists: Should someone get a hold of your customer list, they could steal customers from you.
An NDA requires the recipient to take reasonable measures to keep the information confidential and prohibits each recipient from disclosing it to any unauthorized party. This way, your information is only used by those who you want to use it, and then only for the purposes you want it used for.