What is a Non-Disclosure Agreement?
In the U.S., a non-disclosure agreement is a separate document or a clause included within another employment agreement, such as a separation or non-compete agreement. (Non-disclosure agreements often go hand-in-hand with non-compete agreements.) Other names for it include nondisclosure agreement, NDA, trade-secrets agreement and confidentiality agreement.
Regardless of what your employer chooses to call their non-disclosure agreement, it's a contract that typically includes at least the following, general conditions.
A trade secret is a formula, process, device or any information that is not published, divulged or otherwise generally known, and gives a business a competitive advantage.
Your employer might ask you to sign a non-disclosure agreement when you hire in, resign or get laid off, during your employment, or all of the above. But your employer can't rightfully ask you to sign without a legitimate business reason.
Next Page > Is
a Non-Disclosure Agreement Legal?
|"Non-Disclosure Agreement" is just a guide and not intended as legal advice. Neither the author nor publisher are engaged in rendering legal services. Please see an attorney for legal advice. Because laws vary by state and are subject to change, neither the author nor publisher guarantees the accuracy of this article.|
Searching: Technical supports Equal
Copyright © 2002, J. Steven Niznik. All Rights Reserved.