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Both parties need to sign the NDA for it to be legally binding. In the past, this process has been accomplished by printing out the document, signing it, scanning it, and then emailing it back.
Five other key features must be included in your NDA to ensure it's legally binding, including a description of confidential information, obligations of the parties involved, any exclusions, the term of the agreement and consequences of a breach.
You do not need a lawyer to create and sign a non-disclosure agreement. However, if the information you are trying to protect is important enough to warrant an NDA, you may want to have the document reviewed by someone with legal expertise.
Non-Disclosure Agreement Signing Requirements To be valid, a Non-Disclosure Agreement only needs two signatures ? the disclosing party and the receiving party. It doesn't need to be notarized or filed with any state or local administrative office.
Typically, a legal professional writing the NDA will complete these steps: Step 1 - Describe the scope. Which information is considered confidential? ... Step 2 - Detail party obligations. ... Step 3 - Note potential exclusions. ... Step 4 - Set the term. ... Step 5 - Spell out consequences.
Before you sign an NDA, keep the following seven points in mind. Parties to the agreement. ... Identification of what information is confidential. ... Time frame of the agreement. ... Return of the information. ... Obligations of the recipient. ... Remedies for breaches of agreement. ... Other clauses.
NDAs are not standard practice in publishing (though they may be more common in some other industries). This means the author who wants an NDA before showing anyone their book is announcing their lack of familiarity with this industry.
In short, to sign an NDA without regrets, pay attention to these key points: Scope and definition of confidential information; Duration of the agreement; Exclusions; Obligations of the parties; Permitted disclosures; Consequences of a breach; Rights to intellectual property; Indemnification;