Florida Non-Disclosure Agreement
The Florida Non-Disclosure Agreement is a document that legally requires an individual or party from disclosing secrets learned by another party, and is designed around Florida’s Uniform Trade Secrets Act. Companies and individuals alike can hold trade secrets which have both monetary and intrinsic value, and come in the forms of business plans, products, recipes, designs, automation, know-how, and patterns. The document offered below (in both PDF & Word), is a Unilateral agreement, meaning it is used when 1 party is required to keep the secret private, and the other discloses the secret. The other type, called a Bilateral agreement, is a far less popular contract that is used when both parties will be sharing confidential information with each other.
Trade Secret Law
Before completing and signing the Florida NDA, it is recommended that you familiarize yourself with the following, which is a section-by-section breakdown of Florida’s Uniform Trade Secrets Act:
- § 688.001 What sections 688.001 through 688.009 can be cited as
- § 688.002 Definitions of commonly used terms for Chapter 688
- § 688.003 Situations where Injunctive Relief can/will be ordered by the court
- § 688.004 How damages can be recovered
- § 688.005 When the court will cover the winning party’s attorney fees
- § 688.006 What the court will do to preserve the secrecy of the trade secret(s)
- § 688.007 The statute of limitations (timeframe)
- § 688.008 How Chapter 688 affects other laws
- § 688.009 Generally stating that Florida’s UTSA law is meant to be inline to the general UTSA
How to Write
Step 2 – Enter the Date at the top of the document. Then enter the Names and Addresses of both the Receiving Party (individual(s) learning the trade secret) and the Disclosing Party (company or individual disclosing the confidential information). Once done, have both parties read through the entirety of the contract, making any changes to the conditions if required.
Step 3 – At the bottom of the second (2) page, once both parties have agreed to abide by the conditions in the contract, have the Disclosing Party write their Printed Name, Company Title (if applicable), and the Date they are writing their signature. Repeat this for the Receiving Party. Then, have both parties Sign the contract. Once signed, the agreement will be in full effect.