Oregon Non-Disclosure Agreement
Our Oregon Non-Disclosure Agreement is a legally binding document frequently used in Business and other fields that restricts a party learning confidential information about another from sharing that information with anyone outside of the agreement, such as the public or competitors. Also called a “Confidentiality Agreement,” the contract can be used to protect a company’s trade secrets, which can consist of recipes, business plan, processes, or competitive advantages. Below we have given an outline of Oregon’s law regarding trade secrets as well as a how-to for completing the contract.
Trade Secret Law
Oregon’s Chapter 646 Sections 461 – 475 covers how the courts handle misappropriation of a trade secret, which is when an individual or company uses another’s confidential information while knowing the information was acquired using improper means. Understanding the law can help with editing an NDA as well in court (if a breach of contract were to occur). Below are the sections of the act with a brief description of each.
- § 646.461 – Gives the definitions of terms frequently used throughout the sections
- § 646.463 – Covers when the court will issue injunctions, which are orders requiring an entity stop a certain action (such as misappropriation)
- § 646.465 – Breaks down damages, namely when the victim is entitled to recover them and what is included in the damages
- § 646.467 – Gives three (3) requirements for attorney’s fees to be paid for by the court
- § 646.469 – What the court will do to protect the secrecy of trade secrets. Includes granting protective orders and ordering those involved with the litigation to not disclose information
- § 646.471 – The statute of limitations for bringing a case of misappropriation. After discovering it, the victim has three (3) years to bring the case
- § 646.473 – What Oregon’s Trade Secret Law affects and does not affect
- § 646.475 – States the act is meant to be uniform with the other states that have adopted the act, gives the citable title for the act, and states if one section is not applicable, it doesn’t affect the other sections
How to Write
Step 2 – Have the parties make any changes to the contract until all parties agree on the terms and conditions of the agreement.
Step 3 – Now begin completing the document by entering the Date at the top of the first page. Then, have both the Disclosing and Receiving Party’s write their Full Names and Addresses.
Step 4 – Go to the last page of the agreement. In the table at the bottom of the page, have both parties enter their Printed Names and their Company Titles. Then, have the parties Sign and Date the contract. Once all necessary signatures have been recorded, the contract will be complete and fully active, binding the parties into the conditions listed in the agreement.