Oklahoma Non-Disclosure Agreement
Use our Oklahoma Non-Disclosure Agreement (NDA) if you plan on sharing confidential information to another party for a business purpose or other special circumstance. NDA’s are typically used to protect business plans, to keep patent rights, protect patients in a medical setting, and to ensure those that are learning the information are clear on exactly what they can and can’t share. Below we have outlined Oklahoma’s law regarding trade secrets as well as given a how-to for completing the contract.
Trade Secret Law
The law dictating how misappropriation (embezzlement) of trade secrets are handled in the state is the “Oklahoma Trade Secrets Act.” Consisting of ten (10) sections (§§ 85 through § 95), the act should be understood by those entering into an NDA to ensure protection in the case of a breach of contract. The following is a brief description of all ten sections:
- § 85 – The act’s title
- § 86 – Definitions of the words “Improper Means,” “Misappropriation,” “Person,” and “Trade Secret”
- § 87 – When the courts will order an injunction (and when they stop them)
- § 88 – This section goes over Damages, and when the complainant can recover them
- § 89 – In certain situations, the courts will pay for the winning party’s attorney’s fees, which this section covers
- § 90 – What the courts will do to protect any trade secrets during litigation
- § 91 – States a victim of misappropriation must bring a case within three years of discovering the wrongdoing
- § 92 – Covers what laws the act does and does not interfere with
- § 93 – States Oklahoma’s act is meant to be in-line with the other states adoption of the act
- § 94 – Misappropriation that occurred before the act being enacted does not apply
How to Write
Step 1 – Start by downloading the contract in either Adobe PDF or Microsoft Word. Have all parties involved read through the agreement, ensuring all are clear on the terms and conditions contained in it. If any changes need to be made, make these now.
Step 2 – Enter the Date at the top of the first page. Then, starting with the party releasing information (the “Disclosing Party”), have them enter their Full Name (or company name) and Address. Repeat this for the party acquiring the confidential info, called the “Receiving Party.”
Step 3 – Heading to the second (2nd) page, have both parties enter their Names in print, their Titles within their companies (leave blank if not applicable), and the Dates they are completing their portions of the contract. Then, have the parties write their Signatures. Once both signatures have been recorded, the contract will be in full effect.