Wisconsin Non-Disclosure Agreement
Download our Wisconsin Non-Disclosure Agreement (also called a “Secrecy Agreement”) if you will be sharing confidential information to another party, and need to ensure the information isn’t disclosed to competitors or third parties. The contract typically comes in two formats, Unilateral and Bilateral. The free template we offer, which is the more frequently used version of the two, is the Unilateral Agreement, which is used when only one party will be disclosing secret information. The Bilateral version is used when two (or more) parties will be communicating secret information, requiring each other to remain confidential about the info learned.
Trade Secret Law
Wisconsin adopted the Uniform Trade Secrets Act (UTSA) in 1985. The act overs how the state handles confidential information that has been stolen. Understanding the seven sections of the act can help when editing the free NDA we provide. Below you can find a brief overview of each part of the act, Chapter 134.90.
- Section 1 – Gives the definitions of three (3) terms commonly seen throughout the proceeding sections
- Section 2 – Goes over what the state views as committing ‘Misappropriation’
- Section 3 – The remedy of injunctive relief. Injunctions are orders by the court that require an individual or party stop performing a certain action
- Section 4 – This section breaks down when the court will award damages to the victim of misappropriation
- Section 5 – During litigation, the court will take certain steps to ensure trade secrets are not exposed to the public – which this section encompasses
- Section 6 – How Chapter 134.90 affects other laws (within the state of Wisconsin)
- Section 7 – States the act is meant to fall in line with the other states that adopted the Uniform Trade Secrets Act
How to Write
Step 2 – It is suggested that the parties read through the document to ensure all the terms and conditions are agreed upon. If changes need to be made, make them before heading to the next step.
Step 3 – Begin at the top of the first page. In the first three fields, enter the Current Day, Month, and Year. Next, have both parties write their Names and Addresses.
Step 4 – Head to the bottom of the last page. In the tables, both parties will need to enter their Names (in print), Titles, and their Signatures and Dates in which they are signing, making the contract official.