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Confidentiality agreements can run indefinitely, covering the parties' disclosures of confidential information at any time, or can terminate on a certain date or event. Whether or not the overall agreement has a definite term, the parties' nondisclosure obligations can be stated to survive for a set period.
This way, the agreement will protect past information, but you can also be accurate in having the date of signing on the agreement. It is not illegal to 'backdate' a Non-Disclosure Agreement, but it is not exactly common practice. However, as long as both you and the other party sign, then it will be effective.
In Florida, the confidentiality obligations cannot be indefinite. Florida specifically requires that employers limit how long the NDA obligations will remain in effect. That is often ?during the course of employment? or a finite time period thereafter.
This way, the agreement will protect past information, but you can also be accurate in having the date of signing on the agreement. It is not illegal to 'backdate' a Non-Disclosure Agreement, but it is not exactly common practice. However, as long as both you and the other party sign, then it will be effective.
As with any contract, a nondisclosure agreement can be legally broken or ended. For example, the agreement might not be legally enforceable, in which case you can break it because you'll win a lawsuit. Alternately, you might negotiate with the other party to end the agreement early.
A retroactive NDA will be required when the parties have exchanged confidential information before executing an NDA. This is a scary thought as the disclosing party's confidential information is, up until a retroactive NDA is executed, out in open and without any confidentiality protection.
If your company discloses confidential information without having the NDA agreed to first, ensure that the NDA applies retroactively by setting the effective date as the date on which confidential information was first disclosed, not the date on which the agreement was signed.
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.