Non-disclosure Agreement Template - Arkansas
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Arkansas Non-Disclosure Agreement: What is it?
If you want to prevent the disclosure of a trade secret, unique marketing strategies, or manufacturing processes developed within your company, you and the person with whom you share these particulars need to negotiate and sign an Arkansas Non-Disclosure Agreement . Whether you work for a large corporation that has been in the industry for many years or you represent the interests of a startup and want to build a solid client base, it is important to protect the confidential information your employees, customers, and business partners have learned during your collaboration.
You can find an Arkansas Non-Disclosure Agreement Template via the link below.
Arkansas NDA: How to Make?
Make sure the Arkansas NDA contains several essential elements to be considered valid - without these details, your contract may be challenged in court and you will remain without much-needed legal support for your business:
- Include the names and addresses of the parties to the contract.
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Define the confidential information that is covered by this agreement . Avoid ambiguous wording and cover all the bases by indicating what details you have disclosed to the individual that will have to keep them secret from any third party.
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Agree upon a timeframe for your NDA - it has to be realistic, and even though the business may want to opt for indefinite protection, most companies should offer a contract that stays in force for several years.
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In case the recipient of the confidential information has to return documentation that contains it, the agreement has to mention this obligation and give the person in question reasonable time to comply with this requirement - alternatively, the parties may indicate physical and electronic media are already in possession of the organization that legally owns it.
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State which laws will be applied in the event either of the parties violates the terms of the contract - it is advised to mention the amount of compensation that will be paid to the non-breaching party and the measures to take whenever the confidential information is leaked.
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Sign and date the document . You should get the NDA notarized - not only the notary seal will confirm the identities of the parties but also add an extra level of protection to the deal which may be a wise decision especially if the information that was shared is of significant value.
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