A non-disclosure agreement is a legal contract between at least two parties that outlines confidential materials or knowledge the parties wish to share with one another for certain purposes, but wish to restrict access to. It is a contract through which the parties agree not to disclose information covered by the agreement.
A work made for hire is either: (1) a work prepared by an employee within the scope of his or her employment; or (2) a work specially ordered or commissioned and created by an independent contractor. An employer or other person for whom a work made for hire is prepared is considered the author for purposes of the copyright law and, unless the parties have expressly agreed otherwise in a written instrument signed by them, owns all of the rights comprised in the copyright. Under the work-for-hire doctrine, an employer owns the copyright on a product prepared by an employee within the scope of his or her employment, absent a written agreement to the contrary.
In Wisconsin, a Nondisclosure Agreement for Submitting Ideas is a legal document designed to protect the confidentiality of ideas, concepts, or information shared between parties. This agreement serves as a safeguard to prevent the unauthorized disclosure or use of sensitive intellectual property and trade secrets. A Wisconsin Nondisclosure Agreement for Submitting Ideas typically includes the following key elements: 1. Confidential Information: Clearly defines what information is considered confidential. This may vary depending on the nature of the agreement, encompassing ideas, concepts, business proposals, trade secrets, product designs, marketing strategies, or any other valuable information. 2. Parties Involved: Identifies the parties entering into the agreement, namely the disclosing party (individual, company, organization sharing the confidential information) and the receiving party (individual, company, organization receiving the information). 3. Purpose of Disclosure: Outlines the reason behind the disclosure. It may pertain to potential collaborations, partnerships, investment evaluations, project development, or any other mutually agreed objective. 4. Obligations of the Receiving Party: Establishes the responsibilities and obligations of the receiving party to maintain the confidentiality of the disclosed information. This includes restrictions on sharing the information with third parties, utilizing it solely for the agreed purpose, and employing adequate security measures. 5. Exceptions: Specifies any exclusions or limitations to the confidential information. This section might outline information that is already publicly available, independently developed by the receiving party, or obtained lawfully from other sources. 6. Term and Termination: Defines the duration of the agreement. Typically, the agreement remains in effect during the negotiations and for a specified period after the disclosure. It also outlines conditions that may lead to termination, such as mutual agreement or a breach of the agreement. 7. Governing Law and Jurisdiction: Specifies that Wisconsin laws will regulate the agreement and any legal disputes arising from it will be resolved in the Wisconsin state court system. It's important to note that there may be variations or specific types of Wisconsin Nondisclosure Agreements for Submitting Ideas, depending on the context, industry, or specific requirements of the parties involved. For example, there may be distinct agreements for technology startups, research and development collaborations, artistic endeavors, or any other specialized fields. These agreements will incorporate additional clauses or provisions tailored to address the unique circumstances and concerns related to those industries.
