Rhode Island Non-Disclosure Agreement
Our Rhode Island Non-Disclosure Agreement (“Secrecy Agreement”) is for companies or individuals that plan on disclosing confidential information, and need to ensure the party learning the info doesn’t share it with third parties or competitors. Signing the agreement binds the parties together, requiring both follow the terms and conditions laid out in it. To aid you in completing our NDA, we have included information regarding Rhode Island’s Trade Secret Law as well as a how-to for completing the document in both PDF and Word.
Trade Secret Law
Rhode Island’s Uniform Trade Secrets Act, Chapter 6-41, went into effect on July 1st, 1968, and consists of eleven sections which together cover how cases of misappropriated trade secrets are handled. Topics include the repercussions one can face for wrongly using a trade secret, the time a victim has to bring a case, and other relevant issues that are important to understand if you are signing an NDA in the state of Rhode Island. Below is a list of the sections of the chapter along with a brief description of each.
- § 6-41-1 – Covers the definitions of four (4) commonly used terms throughout the chapter
- § 6-41-2 – When injunctive relief will be ordered by the court. An injunctive relief is an order by the court to stop an action (in this case, the order would be to stop a trade secret from being used)
- § 6-41-3 – What grants the victim of misappropriation to claim damages. Damages can be rewarded for both the loss directly due to misappropriation as well as the benefit the misappropriation gave to the entity that used the trade secret(s)
- § 6-41-4 – This section gives the three situations in which the winning party will have the cost of their attorney’s fees covered
- § 6-41-5 – Goes over the steps that the court will take in order to protect all trade secrets during litigation
- § 6-41-6 – The length of time a victim of misappropriation has to bring the case, which is three (3) years
- § 6-41-7 – How the act affects other laws. States the act does not affect contractual, civil, and criminal remedies (if not based upon misappropriation)
- § 6-41-8 – A brief statement saying the act is meant to be consonant with other state’s adoption of the act
- § 6-41-9 – The title of the act, which is the “Uniform Trade Secrets Act”
- § 6-41-10 – Statement of severability, generally saying if portions of the chapter are invalid, it doesn’t affect the other sections of the act
- § 6-41-11 – States the chapter went into effect on July 1st, 1986, and any misappropriation before that date does not fall under this chapter
How to Write
Step 2 – If necessary, make any changes to the document until all parties agree on the terms and conditions listed in it.
Step 3 – At the top of the first page, enter the Date followed by the Full Names and Addresses of the Disclosing and Receiving parties.
Step 4 – On the third (3rd) page, have both parties write their Printed Names, Company Titles, followed by their Signatures and the Dates they are recording their signature. Once all signatures are written, the NDA will be in full effect.