Non-disclosure Agreement - Texas

Non-disclosure Agreement is a legal document that was released by the Teacher Retirement System of Texas - a government authority operating within Texas.

FAQ

Q: What is a non-disclosure agreement?
A: A non-disclosure agreement (NDA) is a legally binding contract that protects confidential information shared between parties.

Q: Why would I need a non-disclosure agreement?
A: You might need an NDA to protect sensitive information and trade secrets when sharing it with another party, such as during business negotiations or when hiring employees.

Q: Are non-disclosure agreements enforceable in Texas?
A: Yes, non-disclosure agreements are generally enforceable in Texas as long as they meet certain legal requirements.

Q: What should be included in a non-disclosure agreement?
A: An NDA should clearly define the confidential information being protected, specify the duration of the agreement, and outline the consequences for violating the agreement.

Q: Can a non-disclosure agreement be unilateral or mutual?
A: Yes, a non-disclosure agreement can be either unilateral (one-way) or mutual (both parties agree to keep information confidential).

Q: How long does a non-disclosure agreement last?
A: The duration of a non-disclosure agreement can vary, but it is typically between one to five years, although longer durations are possible.

Q: What happens if someone violates a non-disclosure agreement?
A: If a party breaches a non-disclosure agreement, the injured party may seek damages, injunctive relief, or other appropriate legal remedies.

Q: Do non-disclosure agreements need to be notarized?
A: In Texas, non-disclosure agreements do not necessarily need to be notarized, but having them notarized can add an extra layer of authenticity and can make them easier to enforce.