A company and a contractor are negotiating a possible transaction. The contractor has requested information concerning the business of the company. As a condition of the contractor being furnished with the requested information, the contractor agrees to treat such information as being confidential and the information will be used solely for the purpose of evaluating the tentative transaction between the parties.
Non Disclosure Agreement Template For Small Business In Georgia
State:
Multi-State
Control #:
US-00457
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Q: Are non-compete agreements enforceable in Georgia even if signed after employment commences and/or without any additional consideration? A: Yes, continued employment is generally considered sufficient consideration for a non-compete in Georgia.
To enforce an NDA, you typically have to file legal action against the person for breach of contract if you believe they disclosed information they shouldn't have. Employers can also ensure that breaching an NDA is a fireable offense in their employment contracts and handbooks.
NDA is also commonly used in an employee-employer relationship where employees need to have access to confidential information in course of their employment and the employer prepares a non-disclosure agreement to prevent the use or disclosure of the information for any other purpose.
If you are giving someone access to trade secrets, private customer information, or the plans and ideas for your business, you are typically legally within your right to demand they sign an NDA.
2. NDAs are enforceable when they are signed — if they are properly drafted and executed.
Typically, a legal professional writing the NDA will complete these steps: Step 1 - Describe the scope. Which information is considered confidential? ... Step 2 - Detail party obligations. Step 3 - Note potential exclusions. Step 4 - Set the term. Step 5 - Spell out consequences.
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.
How are NDAs enforced internationally? NDAs can be enforced internationally depending on the jurisdiction and the laws that will apply to the NDA.
