Non-disclosure Agreement Template - South Dakota

South Dakota NDA: How to Make?

Follow these steps to draft a South Dakota NDA that will remain valid even if either of the parties decides to challenge this contract or some of its provisions:

1. Indicate the full names of the parties and their contact information - telephone numbers and physical addresses; it will help to facilitate identification in the event of a later disagreement.
2. List the sensitive details protected by the agreement in question . It is up to the parties to decide what will be safeguarded by the NDA and what is excluded from the protection. As a rule, intellectual property, schemes, designs, product specifications, customer lists, and financial records of the company must be mentioned in writing. However, the parties should note that the information received by the parties prior to their collaboration cannot be considered confidential.
3. State the duration of the contract . In rare cases, it makes sense to opt for indefinite protection. Nevertheless, most entities tend to protect trade secrets, strategies, and patterns that have an expiration date and have no value after a few years, so five or ten years can be the middle ground both parties may agree on.
4. Determine what remedies are available to the non-breaching party that discovers the contract violation . Traditionally, the dispute can be resolved via a formal notice or a lawsuit with the breaching party paying compensation to the owner of the information.
5. Sign the papers and write down the actual date of signing . It is necessary to book an appointment with a notary public who will verify the identities of the counterparts or their legal representatives.

Still looking for a particular template? Take a look at the related templates below:

• (Generic) Non-Disclosure Agreement Template;
• Employee Non-Disclosure Agreement Template;
• Mutual Non-Disclosure Agreement Template.