Non-disclosure Agreement Template - Wisconsin
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Wisconsin Non-Disclosure Agreement: What is it?
If you are searching for the safest way to protect the sensitive information you have disclosed to your investors, advisors, business partners, employees, and customers, you need to offer them to discuss and sign a Wisconsin Non-Disclosure Agreement .
This legally binding contract is necessary to safeguard the data valuable to any company - intellectual property, financial records, inventions and formulas, product specifications and business practices. In the event the details listed in the agreement are leaked by the receiving party, the non-breaching counterpart is entitled to demand compensation by filing a formal lawsuit.
A Wisconsin Non-Disclosure Agreement Template can be downloaded below.
Wisconsin NDA: How to Make?
Here is how the parties should prepare an enforceable Wisconsin NDA:
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Write down the names of the parties . While it is not a necessary requirement, consider adding their contact details as well - it will facilitate identification in case of a disagreement or dispute.
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Specify what kind of information is considered "confidential" according to the terms and conditions of the NDA . The parties are free to determine the definitions they use throughout the text of the agreement - make sure you are precise and clear when listing the details that cannot be released to third parties. It is also important to indicate whether the contract is mutual or unilateral - the first type is often used when business partners develop the intellectual property while the second type is common when signing the papers with employees.
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Record the duration of the agreement . If you strongly believe the information included in the coverage deserves unlimited and indefinite protection, it is allowed to state that in writing; however, in most situations, there is no need to sign a contract that lasts more than several years - the data will lose its value.
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Add a non-compete clause if you want to prevent your former employees from being hired by local competitors - only do that if this employment will inevitably lead to the illegal disclosure of sensitive data. Alternatively, you may ask your business partner not to solicit or hire your current or former employees.
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Sign and date the contract . The counterparts or their legal representatives should visit a notary public who will check their identities and put a notary seal under the signatures confirming the intention of the parties to sign the deal.
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Download Non-disclosure Agreement Template - Wisconsin