Non Disclosure Agreement Template Washington State

What is a non disclosure agreement.

Non disclosure agreement template washington state. The washington non disclosure agreement is an agreement used to ensure that the trade secrets of the parties involved are not exposed to the general public or released to a competing company. The free non disclosure agreement in washington should also indicate that the receiving party can only disclose the trade secret if the court compels them and they should return all the materials relating to the nda when they receive a formal request from the disclosing party. This agreement shall be governed in accordance with the laws of the state of. The washington non disclosure agreement nda template supplies the wording necessary to obligate a signature party to guarding a company s trade secrets and other sensitive information. It s common for employers both in washington state and elsewhere to have their employees sign non disclosure agreements also known as ndas or confidentiality agreements.

Confidential information confidential information means information that is exempt from disclosure to the public or other unauthorized persons under chapter 42 56 rcw or other federal or state laws. Washington adopted the uniform trade secrets act rcw 19 108 010 through 19 108 930 to govern the use and construction of non disclosure agreements. Non disclosure agreement nda template sample. A non disclosure agreement nda is a binding contract that requires an individual or company known as the recipient to withhold confidential information from being released to any 3rd party or becoming public this type of agreement is common in workplaces when a company is fearful that an employee may leave and work for a competitor and share the. The purpose of these agreements which may take the form of either a clause in an employment contract or a stand alone agreement is to protect an employer.

A non disclosure agreement nda or confidentiality agreement is a legally binding contract which protects trade secrets or other sensitive information from being revealed. Agreement on nondisclosure of confidential information non employee this form is for contractors and other non dshs employees. Non disclosure agreements are legal contracts that prohibit someone from sharing information deemed confidential. Business sale non disclosure agreement template author. 9 contracts your business should but may not have.

In a dispute arising out of or related to this agreement the prevailing party shall have the right to collect from the other party its reasonable costs attorney fees and. Definition of trade secrets the purpose of a washington non disclosure agreement is to protect confidential information that is referred to as a trade secret. This agreement can be unilateral meaning one party has sole ownership of the confidential information in question employer employee relationship it can also be mutual in that neither party has sole.