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Non-disclosure Agreement Template - Alabama
Alabama Non-Disclosure Agreement: What is it?
An Alabama Non-Disclosure Agreement is a formal agreement signed by two parties with one or both of them promising not to disclose confidential information they have learned during their collaborative work or professional relationship. It is often used by employers that want to make sure their former employees, especially those involved in making essential decisions on behalf of the company, do not share trade secrets with their competitors on the market or the general public.
While it is allowed to insert a non-disclosure clause in the document confirming the termination of employment or the suspension of your partnership, it is recommended to compose a separate agreement to protect the interests of both parties and update the list of confidential details.
You may download an Alabama Non-Disclosure Agreement Template below.
Alabama NDA: How to Make?
To make sure the Alabama NDA you draft is legally binding and recognized by authorities and courts, you need to follow these steps:
- Name the parties to the agreement . In some cases, both parties are under the obligation to keep their affairs confidential; however, generally, there is a disclosing party and the person or entity that received confidential information - such as the employer and the employee.
- List the confidential information that cannot be disclosed to any third parties . It is important to be precise and avoid vague wording otherwise the conditions of the agreement become confusing and open to interpretation. For instance, you may make a reference to the marketing strategy developed by the company with the help of the former employee - there is no need to quote the entire document in the text of the contract as long as you specify the date the strategy was drafted. Mention the obligation of the parties to give back the sensitive documentation if needed.
- Determine the duration of the agreement - it is possible the party disclosing information will not mind if the particulars of the collaboration are shared ten years after the relationship is ended.
- Sign and date the document . It is advised to find witnesses that will verify the identity of the parties and confirm the papers were not signed under duress. Alternatively, you may obtain a notary seal for the NDA - the notarization is the safest way to know the conditions you have indicated in writing will stand for an indefinite period.
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