Michigan Non-Disclosure Agreement

The Michigan Non-Disclosure Agreement (One-way NDA) is used for situations in which an individual or company will be sharing one or more of their Trade Secrets (confidential information) to an entity, and would like to ensure the information they are disclosing will not be shared with a third (3rd) party. This is common in business situations where a company may need to share their business plan or valuable business process. If the sensitive information is shared with the general public or a competitor, the entity disclosing the knowledge can bring the other party to court, and can potentially claim damages or have the court stop the act by means of an injunction.

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Trade Secret Law

Michigan adopted the Uniform Trade Secrets Act (UTSA) in 1998, which was an act designed to make trade secret laws more homogenous to aid companies that operated in multiple states. To ensure the confidentiality agreement(s) you sign can hold up in a court of law, it is highly recommended that you and the parties involved understand what the sections of the act entail. To aid in your understanding, we have provided an outline of the provision (Act 448) below:

How to Write in PDF & Word

Step 1 – Have the parties involved go through the contract, making any changes if needed. Ensuring everyone involved agrees to the terms now helps to reduce complications in the case that the contract is broken.

Step 2 – Download the NDA in either Adobe PDF or Microsoft Word.

Step 3 – First (1st) page: Enter the Date and the Names and Addresses of both the entity disclosing the sensitive information (“Disclosing Party”) as well as the party learning it (“Receiving Party”).

 

Step 4 – Second (2nd) Page: Before signing the document, the parties will need to enter their Printed Names, their Company Titles, and the Current Dates. Once complete, have both parties record their Signatures. This can be done digitally using the PDF version, or manually after printing the Word version.