New Jersey Non-Disclosure Agreement
Our One-way New Jersey Non-Disclosure Agreement is a contract that requires an individual that learned confidential information regarding a company to keep the learned info only between those allowed in the contract. When business professionals, employers, and those in the medical field truly need to keep information from being publicly known, they rely on NDA’s to ensure those learning the information understand what they can and can’t share, how long they are required to keep the information secret, and any other provision the party sharing the information would like to add. Below you will find both New Jersey’s law regarding exposure of confidential information (“Trade Secrets”) as well as a brief how-to for completing the contract in both PDF and Word.
Trade Secret Law
Since January 5th, 2012, New Jersey has adopted the Uniform Trade Secrets Act, which was an act designed to make the states have similar laws in regards to how misappropriation of trade secrets are prosecuted. For companies that do business nationally, the act has made creating an enforcing NDAs far less confusing, as the contract can be interpreted the same in most states. We have outlined the act (Title 56. Chapter 15) page-by-page below.
Page 1 – Gives the definitions of commonly used terms throughout the chapter
Page 2 – Gives the remaining definitions, covers when the courts can/will issue an injunction, and discusses when damages will be awarded to the complainant
Page 3 – Says the defendant (to misappropriation) cannot use the fact that they acquired the trade secret(s) through “proper means” as a defense. Additionally, it covers when the prevailing party’s attorney’s fees will be paid for, the statute of limitations (how long after discovering misappropriation, it can be brought as a case), and the law’s relation to other New Jersey Laws (continues to the 4th page).
Page 4 – States the law does not apply to misappropriation before the effective date (Jan. 5th, 2012), and gives the citeable title for the act, which is the “New Jersey Trade Secrets Act.”
How to Write
Step 2 – Starting at the top of the contract’s first (1st) page, enter the Date followed by the Name and Addresses of both the Disclosing and Receiving parties. “Disclosing Party” refers to the entity sharing the confidential information, whereas “Receiving Party” specifies the individual learning the secret information.
Step 3 – Head to the bottom of the second (2nd) page. Have the parties enter their full Printed Names, Company Titles, and the Dates in which they are completing the agreement. Then, have the parties record their Signatures in the spaces provided on the contract – thus putting the NDA into full effect.