Utah Non-Disclosure Agreement
Our Utah Non-Disclosure Agreement (NDA) is a contract that protects against information being stolen and used wrongfully. Typically formed between two parties, the binding contract clearly outlines what can and cannot be shared, and can be used to bring a party to court in the case information is put into the wrong hands. The version we offer is “One-way,” meaning only one of the parties will be sharing information, and the other learning it. Directly below you will find an overview of Utah’s law regarding Trade Secrets to aid you in completing our free documents.
Trade Secret Law
When signing an NDA in the state of Utah, understanding how the state views and punishes those that steal and misuse trade secrets can prove invaluable. As one of the states that adopted the Uniform Trade Secrets Act (UTSA), Utah kept the general structure typically found in trade secret chapters by including sections that cover injunctions, damages, the statute of limitations, and other important facets. To give you a general understanding of Utah’s UTSA (Title 13 Chapter 24) we have listed each section along with a summary of each below.
- § 13-24-1 “Short Title” – The citeable title of the act, which is the “Uniform Trade Secrets Act.”
- § 13-24-2 “Definitions” – Gives four (4) definitions commonly found throughout the chapter.
- § 13-24-3 “Injunctive relief” – An injunction is an order by the court forcing a certain action to be stopped. This section covers when injunctions will be issued, stopped, and other important injunction-related information.
- § 13-24-4 “Damages” – Consists of two (2) points, the first covering when damages will be awarded and what the damages can include, the second being the award given if the misappropriation that occurred was malicious (purposeful).
- § 13-24-5 “Attorney’s fees” – If misappropriation was willful or malicious, a request to have an injunction terminated was made unjustly, or the misappropriation was generally made in “bad faith,” the court can pay for the winning party’s attorney’s fees.
- § 13-24-6 “Preservation of secrecy” – What the court will do to protect trade secrets during proceedings.
- § 13-24-7 “Statute of limitations” – Upon discovering misappropriation, the victim has three (3) years to make it a case
- § 13-24-8 “Effect on other law” – What the law does and does not apply to.
- § 13-24-9 “Uniformity of application and construction” – A general section referring to Utah’s efforts of making their Uniform Trade Secrets Act consistent with the other states that adopted the act.
How to Write
Step 2 – Begin completing the contract by entering the Date at the top of the first page. Then, have both parties write their Names and Addresses into the sections provided.
Step 3 – Head to the last page. In the table, have both the Disclosing and Receiving parties write their Printed Names, Company Titles, Signatures, and the Dates in which they signed the document. Once all signatures have been written, the contract will be in full effect.