The employee may be receiving from the employer information of a non-public nature for use by the employee in connection with his or her employment. The employee receiving any information will keep such information confidential and agrees not to disclose such information, in whole or in part, to any person without the express consent of the employer, either during or after the employment of the employee has ended. In addition to its obligation of nondisclosure, the employee agrees that he or she will not, directly or indirectly, attempt to appropriate or otherwise take for its or other parties' benefit the business opportunity of employer or information learned either during or after the employment of employee is ended.
New Mexico Employee Nondisclosure Agreement
State:
Multi-State
Control #:
US-00502
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Employee Nondisclosure Agreement?
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FAQ
The Law prohibits employers from requiring, as a condition of employment, that an employee agree to an NDA in a settlement agreement relating to a claim of sexual harassment, discrimination, or retaliation whether occurring in the workplace or at a ?work-related event[s] coordinated by or through the employer.? In ...
What is an Employee Non-Disclosure Agreement? An NDA is a contractual agreement (also known as a ?restrictive covenant?) to protect sensitive information. An employer can ask that a new employee sign an NDA to protect legitimate, confidential business interests such as trade secrets and business practices.
The Purpose of a Non-Disclosure Agreement An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges.
Simply put, a breach of NDA can have a range of consequences that are outlined in the NDA itself, or in the non-disclosure clause of your employment agreement. You may be subject to legal liability, monetary fines and criminal charges in extreme cases.
Non-Disclosure And Confidentiality Policy The employee will preserve the confidentiality of information obtained during their employment at the Company. During the course of employment, the employee will have access to information concerning the Company which is not accessible to the public.
With an NDA, employers can hold employees to holding on to secrets and information, whether it be client contact information, sales figures, formulas, etc. If the NDA is signed but not abided, legal action can follow.
In some cases, failing to sign an NDA could even lead to a breach of contract. As such, it is important to be aware of the potential legal implications of not signing an NDA before engaging in any business or other activities that require the exchange of confidential information.
By signing the agreement, the employee acknowledges that the disclosure of confidential information is a breach of his or her employment contract, a fact that has serious and wide-ranging consequences. Moreover, the agreement's existence allows the parties to enter into an open discussion about company business.
