Virginia Non-Disclosure Agreement
The Virginia Non-Disclosure Agreement (NDA) is a binding contract designed to ensure secret information is kept confidential. Situations in which the agreement is common include the hiring of a new employee that will have access to secret company information, the sharing of technology that is not patented, or when the medical information of a patient needs to be kept safe. To better assist you in editing and signing our free NDA template, we have included a summary of Virginia’s Trade Secret Law below.
Trade Secret Law
To better aid you in completing our NDA, and to give you useful knowledge in the event you go to court regarding a case of misappropriation, we have listed each section of Vermont’s Uniform Trade Secrets Act (Title 59.1 Chapter 26) below.
- § 59.1-336 – Gives the title of Chapter 26 as well as definitions for words and terms commonly used throughout the act
- § 59.1-337 – When an entity is wrongly using another’s trade secret for their own, or another’s gain, the victim can request the court order an injunction, which forces the party employing the secret to cease use immediately. This section covers when injunctions will be ordered and stopped, along with other pertinent information
- § 59.1-338 – Depicts when the courts will allow the complainant to recover damages and the maximum amount rewarded when malicious misappropriation exists
- § 59.1-338.1 – Gives the three (3) situations in which the court will award the winning party’s attorney’s fees
- § 59.1-339 – Lists the four (4) steps the court will make to ensure trade secrets are protected during litigation
- § 59.1-340 – Gives the statute of limitations for cases of misappropriation. After discovering the wrongdoing (or when it should have been discovered), the victim has three (3) years to bring a claim against the misappropriator
- § 59.1-341 – Generally states that civil misappropriation is covered by Chapter 26 and that both contractual and criminal remedies are not affected by the chapter
- § 59.1-342 – Repealed in 2015
- § 59.1-343 – The chapter was put in place on July 1st, 1986. Any misappropriation that began before that date, including misappropriation that occurred before the date and continued past, does not apply
How to Write
Step 2 – At the beginning of the first page, fill in the fields that ask for the Current Date as well as the Names and Addresses of the Disclosing and Receiving Parties.
Step 3 – On the last page, the Printed Names, Signatures, Dates of signing, and the Titles should be entered into the corresponding tables. Once this is complete, the contract will be in effect.