Non-Disclosure Agreement (NDA)
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Facts
A unilateral NDA where "Disclosing Party" shares confidential information with "Receiving Party".
Obligations
Receiving Party must protect the information and not disclose it to third parties for a period of 3 years.
Rights
Disclosing Party retains all rights to its confidential information.
Deadlines
The agreement is effective immediately and obligations survive for 3 years post-termination.
- What if the Receiving Party accidentally discloses information? They must notify the Disclosing Party immediately and take steps to mitigate damage.
- Uniform Trade Secrets Act
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