Alaska Non-Disclosure Agreement
The Alaska Non-Disclosure Agreement (also called a “Confidentiality Agreement”) is a state-specific contract that creates a relationship between an individual sharing a company secret and the one learning the secret. The contract makes it mandatory for the party learning the secret to not share the secret with any other party. NDAs can be used for any situation when a secret needs to be protected. Examples of when NDAs are typically signed include when:
- A new employee is hired who will have access to company secrets,
- A company’s business plan will be discussed during a potential merger, and
- A patient’s test results must be protected from any other party than the medical staff.
Trade Secret Law
Alaska’s Trade Secret Law, or more specifically the Alaska Uniform Trade Secrets Act, covers Alaska’s take on the Uniform Trade Secrets Act, which was developed to make the trade laws uniform across the states. The sections and a brief overview of each are listed below:
- AS 45.50.910: Notes the three (3) ways in which the state can use injunctive relief for cases regarding misappropriation of trade secrets.
- AS 45.50.915: States how the complainant can recover from the damages caused by misappropriation.
- AS 45.50.920: Says the court will preserve the secrecy of the trade secret.
- AS 45.50.925: States the time window that must be met for a misappropriation case to be brought up.
- AS 45.50.930: Explains how the different sections of the law affect each other.
- AS 45.50.935: Implies that Alaska’s version of the Uniform Trade Secrets is meant to be in line with other states trade secret laws.
- AS 45.50.940: Provides definitions of the legal terms used through the sections.
- AS 45.50.945: States that sections 45.50.910-45.50.945 make up the Alaska Uniform Trade Secrets Act.
How to Write
Step 1 – To start, download the NDA in either Adobe PDF or Microsoft Word. For a more user-friendly option, the PDF version is suggested for its fillable fields. For a more editable version, the Word format should be downloaded.
Step 2 – Enter the Date the agreement is going into effect, the Name of the company disclosing the confidential information (also called the “Disclosing Party”), the Address of the company, the Name of the company (or individual) receiving the secret(s), and their Address.
Step 3 – The final fields that must be filled out are located at the document. Here, both parties must Sign the document, write their Printed names, their company Titles, and the Dates they are signing the document. Once this step is completed, the NDA will become valid and active in the eyes of the law.