Illinois Non-Disclosure Agreement
The Illinois Non-Disclosure Agreement is a contract used for preventing employees, business associates, patients, or other individuals or companies from disclosing confidential information to third (3) parties. NDA’s typically come in 2 versions, one being Unilateral and the other Bilateral. The Unilateral (also called a one-way agreement) is used when confidential information will be disclosed by one (1) party and learned by another. This is the version we offer directly below in either PDF or Word. The Bilateral agreement is used for situations in which both parties will be disclosing secret information to one another. This situation is far rarer and mostly used in business environments.
Illinois Trade Secret Law
Illinois’ law regarding misappropriation (embezzlement), titled “765 ILCS 1065 – Illinois Trade Secrets Act,” consists of nine (9) sections, which cumulatively cover how the illegal use of trade secrets are handled in the state. Below is a brief description of each section:
- § 1065/1 – The title of the act.
- § 1065/2 – Definitions of common terms used throughout the act.
- § 1065/3 – Covers when the court can issue an Injunction.
- § 1065/4 – Summarizes damages, and when they will be awarded.
- § 1065/5 – When the court will pay for the prevailing party’s Attorney’s Fees.
- § 1065/6 – The steps the court will take to ensure trade secrets are kept confidential.
- § 1065/7 – Statute of Limitations (5 years after the misappropriation is discovered).
- § 1065/8 – How the Act affects other laws and sections.
- § 1065/9 – States the act takes place for all misappropriation after Jan. 1st, 1988.
How to Write
Step 2 – Once downloaded, have both parties involved (Disclosing and Receiving Party) read through the document in its entirety. If there are any changes to the listed conditions that need to be made, make them before proceeding.
Step 3 – Once all necessary changes have been made, head to the top of the contract and start by entering the Date the NDA will go into effect. Then, starting with the Disclosing Party, enter the Name of the company (or individual) disclosing the confidential information followed by the Address. Next, repeat the same for the Receiving Party, which is the individual or group learning the secret information.
Step 4 – Next, head to the bottom of the document. Here, both parties will enter their Full Printed Names, their Titles (if none, leave blank or write ‘N/A’), and the respective Dates they are entering their info. Finally, have both parties write their handwritten signatures onto the document. Once the signatures have been recorded, the NDA will go into full effect.