This agreement is between an employee and a certain company. The employee desires to be employed by the company in a capacity in which he/she may receive, contribute or develop Confidential and proprietary information. It is agreed that such information is important to the future of the company and the company expects the employee to keep secret such proprietary and confidential information and not to compete with the company during his/her employment and for a reasonable period after employment.
Confidentiality Agreements Form Template With Time Slots
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Multi-State
Control #:
US-00569
Format:
Word;
Rich Text
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How to fill out Confidentiality Agreements - Noncompetition In Employment?
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FAQ
Signatories to your NDA generally prefer for the document to expire at some point. For this reason, it is rare to see NDAs operating indefinitely as it unfairly prejudices the contracting party. Ideally, NDAs will cover an appropriate amount of time to protect the disclosing party's interests.
A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.
An NDA can last indefinitely if there is no end date included within the agreement.
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.
Whether or not the overall agreement has a definite term, the parties' nondisclosure obligations can be stated to survive for a set period. Survival periods of one to five years are typical. The term often depends on the type of information involved and how quickly the information changes.