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And while every non-disclosure agreement is as unique as the parties and the agreement involved, terms of 1 10 years are standard, with the duration of confidentiality lasting indefinitely on trade secrets and as long as possible (or as is necessary) for other forms of IP.

Don't forget the 'nondisclosure period': Most NDAs have a defined period of time during which confidentiality obligations will apply to confidential information. Once the period ends, your information is no longer considered confidential by the other party.

Distinguish Between Confidential Information and Trade Secrets.This is important because many NDAs have an expiration date after which the receiving party is free to use and disclose the confidential information.

NDAs are legally enforceable contracts, but they're now coming under increased scrutiny from lawmakers, attorneys and legal experts.Companies often use them as part of an employment contract or settlement agreement to protect sensitive information like trade secrets.

A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or

Read the Duration clauses. Good NDAs will have two different terms of duration. Read the termination clause. Like any other relationship, business partnerships can come to an early end unexpectedly. Read the Return of Information clause.

Regardless of whether you're being asked to sign an NDA or asking someone else to, a nondisclosure agreement means your secrets will stay underground, and if information leaks, there can be serious legal repercussions.