Georgia Nondisclosure And Noncircumvention Agreement
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FAQ
disclosure agreement is a restrictive covenant that actually is valid and enforceable in California. NDAs received a fair amount of publicity in the midst of the #MeToo movement, as many women (and some men) who settled sexual harassment claims were prohibited from speaking out against their abusers.
Non-disclosure agreements (NDAs) and non-compete agreements, also called a non-competition agreement or covenant not to compete, have distinct purposes. Both documents, however, are restrictive covenants that limit what an employee can say or do, and (often) where they can and cannot work.
Non-disclosure agreements and non-compete agreements are both legal instruments that are regarded as restrictive covenants that limit what a person can say or do under certain scenarios.
Depending on your needs, you can choose from three types of NDAs: unilateral, bilateral, and unilateral. Unilateral NDAs only require one party to disclose confidential information, while bilateral NDAs require two parties to disclose private information.
A confidentiality (or nondisclosure) and non-circumvention agreement to be used by a party that wants to both prevent a counterparty's misuse of its confidential information and prevent the counterparty from working directly with the disclosing party's business contacts in a manner that damages the disclosing party.
Mutual or UnilateralA unilateral NDA means only one party is agreeing to protect the other party's confidential information; while a mutual NDA means both parties are agreeing to do so.
What is a unilateral NDA? A unilateral NDA allows you to limit how another party can use or share your company's confidential information. This information can be anything you want the other party to keep secret, such as business plans, trade secrets, designs, and unpatented inventions.
A bilateral NDA (sometimes referred to as a mutual NDA or a two-way NDA) involves two parties where both parties anticipate disclosing information to one another that each intends to protect from further disclosure. This type of NDA is common for businesses considering some kind of joint venture or merger.
The NDA ensures your secrets remain secret, and if they do not you have legal recourse against the person or entity that disclosed them. When an NDA is violated, you can ask the court to enjoin the party responsible from infringing or misappropriating your trade secrets, and you can sue for any resulting damages.
NDAs, or non-disclosure agreements, are legally enforceable contracts that create a confidential relationship between a person who has sensitive information and a person who will gain access to that information. A confidential relationship means one or both parties has a duty not to share that information.