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 Format For Employees In Virginia
State:
Multi-State
Control #:
US-00457
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In Virginia, non-compete and non-solicitation agreements are enforceable only if they are narrowly drawn to protect the employer's legitimate business interests, are not unduly burdensome on the employee's ability to earn a living, and are not against public policy.
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.
Employee inclusive of his/her direct beneficiaries in business, interest and title in recognition of the transfer of Confidential and Proprietary Information to ​Company Name hereby agrees not to directly or indirectly compete with the business of Company name and its successors and assigns during the term of the ...
Employee agrees that, except in promoting the Company's business, and as necessary in performing the duties of his/her employment with the Company, Employee shall not use in any manner, directly or indirectly, any Confidential Information.
Virginia courts generally enforce NDAs ing to their terms, so long as they comply with several common law requirements. You can avoid inadvertently drafting an unenforceable NDA by seeking the counsel of a Richmond employment contract attorney.
Under § 40.1-28.01 of the Virginia Code, employers are prohibited from requiring employees or prospective employees to sign a non-disparagement agreement that has the effect or purpose of concealing the details of a claim related to sexual assault or harassment.
If you need an NDA, looking at templates online isn't a bad place to start, but ideally you should work with a lawyer who can write a simple NDA for you or tweak the one you have. You may be able to find someone in your community who can do it for a few hundred bucks.
The Receiving Party agrees not to issue or release for publication any articles or advertising or publicity matter relating to this Agreement which mention or imply the name of the Disclosing Party any of its affiliates, or subject matter hereof, unless prior written consent is granted by the Disclosing Party subject ...