Non Disclosure Vs Confidentiality In Washington

State:
Multi-State
Control #:
US-00456
Format:
Word; 
Rich Text
Instant download

Description

The document is a Confidentiality Agreement tailored for discussions surrounding potential purchases, emphasizing the distinction between non-disclosure and confidentiality within Washington's legal framework. It stipulates that the Contractor's proprietary information must be kept confidential by the Company and its personnel, outlining clear definitions of 'Confidential and Proprietary Information' and the obligations of both parties. The form includes instructions for filling and editing, such as ensuring clarity on the scope of information shared and the necessity for confidentiality among employees. Key features involve provisions for return or destruction of information upon request, exceptions for public domain information, and legal consequences for breaches. This form is particularly useful for attorneys, business partners, owners, associates, paralegals, and legal assistants who may require confidential agreements to protect sensitive information during negotiations. Its structured approach helps ensure all parties understand their responsibilities regarding shared information.
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  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase
  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase
  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase
  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase
  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase
  • Preview Nondisclosure and Confidentiality Agreement - Potential Purchase

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FAQ

2. NDAs are enforceable when they are signed — if they are properly drafted and executed.

Washington's Silenced No More Act limits all Washington employers' use of nondisclosure and nondisparagement provisions in employment agreements.

Completing the Confidentiality Agreement The "Receiving Party" is the person or company who receives the confidential information and is obligated to keep it secret. You'll need to fill in information specific to your circumstances in the spaces provided, such as the parties' names and addresses.

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

In unilateral NDAs, only one party agrees not to disclose classified information. A mutual NDA means that both/all parties agree not to share any confidential information. For this article, the term “NDA” equates to a unilateral NDA and the term “confidentiality agreement” equates to a mutual NDA.

Only employees or independent contractors who earn more than the thresholds established by law can be held to non-competition agreements. If an employee or independent contractor has earnings less than the threshold specified under law, the non-compete agreements is considered void and unenforceable under RCW 49.62.

Washington Law Civil Penalties Against Employers In addition to allowing employees to speak if they reasonably believe the act was illegal, and making non-disclosure agreements for these activities unenforceable, the act also includes $10,000 in civil penalties for employers who violate the law.

The law prohibits nondisclosure and nondisparagement provisions in agreements concerning conduct that occurred at the workplace, at work-related events coordinated by or through the employer, between employees, or between an employer and an employee, whether on or off the employment premises.

Non-disclosure agreements (NDAs) are legally binding agreements to keep information confidential.

Altogether Mighty Frightening? While the 2018 law prohibited Washington employers from requiring an employee to sign an NDA, the Act now prohibits an employer from even requesting an employee to sign a prohibited agreement.

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Non Disclosure Vs Confidentiality In Washington