Oregon Mutual Non-Disclosure Agreement Dealing with Technical and Business Information
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FAQ
Private and Confidential Information means any form of information, including, without limitation, documents containing data, student, employee, alumni and vendor file information, health information, software programs, marketing and financial data, that is shared with the EMPLOYEE subsequent to the date of this
Oregon State Laws This means that the employee or contractor will have access to specific information that the company considers a trade secret. Businesses have the legal right to use the court to enforce a valid NDA to protect their trade secrets.
NDAs are common across numerous industries. However, such agreements can be used to silence whistleblowers in order to keep illegal activity under wraps. Additionally, NDAs may prohibit the employee from informing the government about the existence of the NDA and the restrictions placed upon them.
The information not protected by a confidentiality agreement includes: Information the recipient knew prior to signing the agreement. Information the recipient learns from alternative sources or information that is public knowledge.
Confidential Information means any information that is proprietary or unique to the Company and that is disclosed by the Company to the Recipient during the term of this Agreement, including the following: trade secret information; matters of a technical nature such as processes, devices, techniques, data and
Violating an NDA leaves you open to lawsuits from your employer, and you could be required to pay financial damages and possibly associated legal costs. It's illegal to reveal trade secrets or sensitive company information to a competitor.
Generally, confidentiality agreements are enforceable when they meet the general requirements of a contract.
Oregon's statute prevents employers from proactively or retroactively using NDAs to cover up information relating to employment-based discrimination, harassment, and retaliation. ORS 659A. 370 promotes transparency and accountability in employment contracts, severance agreements, and settlement agreements.
The Key Elements of Non-Disclosure AgreementsIdentification of the parties.Definition of what is deemed to be confidential.The scope of the confidentiality obligation by the receiving party.The exclusions from confidential treatment.The term of the agreement.
Confidential information is personal information shared with only a few people for a designated purpose. The person who is receiving the information from you, the receiver, generally cannot take advantage and use your information for their personal gain, such as giving the information out to unauthorized third parties.