Hillsborough Florida Non-Disclosure Agreement for Software Development

Name: Hillsborough Florida Non-Disclosure Agreement for Software Development
Brand: US Legal Forms
Rating: 4.8 (421 reviews)

Category:

Confidentiality and Nondisclosure - Employment

State:

Multi-State

County:

Hillsborough

Control #:

US-01760-7

Format:

Instant download

Description

The parties desire to exchange confidential information for the purpose described in the agreement. Except as otherwise provided in the agreement, all information disclosed by the parties will remain confidential.

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FAQ

For an enforceable NDA in a Florida court, the NDA must define the time limit in which the NDA binds the signer. It is possible, however, to have an NDA last indefinitely. For this to happen, the NDA needs to specify that the terms of the NDA are indefinite and there has to be a valid reason for it.

Information that may require NDAs includes secret recipes, proprietary formulas, and manufacturing processes. Protected information also typically includes client or sales contacts lists, non-public accounting figures, or any specific item that sets one company apart from another.

5 Situations That Require a Non-Disclosure Agreement Discussing the sale or licensing of a product or technology.When employees have access to confidential and proprietary information.Presenting an offer to a potential partner or investor.Receiving services from a company that has access to sensitive information.

Lack of consideration. Like other contracts, an NDA is valid only if there is consideration. This means both parties must be induced to enter the agreement. In the case of NDAs between employers and their employees, the consideration requirement is met if the NDA was executed when the employee was hired.

Depending on the circumstances surrounding the confidentiality breach and how badly it impacted the company, the employer may even have a case for criminal charges against the employee.

Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.

The Key Elements of Non-Disclosure Agreements Identification of the parties. Definition of what is deemed to be confidential. The scope of the confidentiality obligation by the receiving party. The exclusions from confidential treatment. The term of the agreement.

NDAs are generally required when two companies enter into discussions about doing business together but want to protect their own interests and the details of any potential deal.

In Florida, NDAs are enforceable so long as the disclosing party has a legitimate business interest that justifies its existence. Florida law will look to the specific geographic and trade area when determining the enforceability of an NDA.

NDA stands for a non-disclosure agreement. This document ensures that when you share your proprietary information (ideas, trade secrets, etc.) with another person, they will keep it a secret.

Hillsborough Florida Non-Disclosure Agreement for Software Development

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