New York Non-Disclosure Agreement
The New York Non-Disclosure Agreement (“Confidentiality Agreement”) is a binding contract that is used in situations in which one (1) party will be disclosing confidential information to a second (2nd) party, and the disclosing party needs to ensure the party learning the secret information will keep it safe from third (3rd) parties. New York is a notable state in regards to NDA’s because they have not accepted the Uniform Trade Secrets Act (UTSA), which was designed to be adopted by the states to make Trade Secret laws consistent across the country.
Trade Secret Law
Although New York has not adopted the Uniform Trade Secrets Act, trade secrets that have been stolen are covered by common law. Here you can New York’s Definitions, Remedies, and the Statute of Limitations regarding cases involving misappropriation of trade secrets.
How to Write
Step 2 – Before having the parties begin completing the contract, it is essential that they agree on all conditions laid out in the document. If necessary, add or remove conditions until the parties agree on all the terms and conditions of the agreement.
Step 3 – The parties can now complete the agreement. Start by entering the Date that the agreement will be going into effect. Then have each party write their Name and Address. Tip: Having the Receiving Party sign as an LLC can put the liability on the company instead of the person in the event of a breach of contract.
Step 4 – Head to the table at the bottom of the last page. Here, the parties will need to enter their Printed Names, Titles (within their companies), and Dates they are signing the contract. Then, to make the contract official, both parties will need to Sign their names. This can be done either by hand after printing the document, or by using a digital key with our PDF version of the NDA.