Structure
In the business world, protecting sensitive information is crucial for maintaining a competitive edge and fostering trust between parties. A Nebraska Non-Disclosure Agreement (NDA) serves as a vital tool in this regard, allowing individuals and organizations to safeguard their confidential information from unauthorized disclosure. This legally binding document outlines the specific information deemed confidential, the obligations of the parties involved, and the duration of the confidentiality obligation. By clearly defining what constitutes sensitive data, the NDA helps prevent misunderstandings and potential legal disputes. Additionally, it can include provisions for the return or destruction of information upon termination of the agreement, ensuring that sensitive materials are handled responsibly. Whether you're a small business owner, an entrepreneur, or part of a larger corporation, understanding the nuances of a Nebraska Non-Disclosure Agreement can empower you to protect your intellectual property and maintain the integrity of your business relationships.
Document Preview Example
Nebraska Non-disclosure Agreement (NDA)
This Non-disclosure Agreement (hereinafter referred to as the "Agreement") is entered into on this __________ day of __________, 20__, by and between __________ (hereinafter referred to as the "Disclosing Party"), and __________ (hereinafter referred to as the "Receiving Party"), collectively referred to as the "Parties".
The Parties agree to commence this Agreement in order to protect the confidential and proprietary information related to __________.
1. Definition of Confidential Information
For the purposes of this Agreement, "Confidential Information" refers to any data or information that is proprietary to the Disclosing Party and not generally known to the public, whether in tangible or intangible form, whenever and however disclosed, including but not limited to:
- Business operations
- Customer lists
- Product designs
- Financial information
- Marketing strategies
- Other information deemed confidential by the Disclosing Party
2. Exclusions from Confidential Information
Confidential Information shall not include any information that:
- Is or becomes publicly known through no breach of this Agreement by the Receiving Party;
- Is received from a third party without breach of any obligation of confidentiality;
- Is independently developed by the Receiving Party without use of or reference to the Disclosing Party’s Confidential Information;
- Is disclosed under the order of a court or governmental agency.
3. Obligations of the Receiving Party
The Receiving Party agrees to:
- Hold and maintain the Confidential Information in strictest confidence;
- Not disclose the Confidential Information to any third party without the prior written consent of the Disclosing Party;
- Use the Confidential Information solely in accordance with the provisions of this Agreement and for the purpose for which it was disclosed.
4. Duration
This Agreement shall be effective as of the date first above written and will remain in effect indefinitely until the Confidential Information no longer qualifies as a trade secret or until the Disclosing Party sends the Receiving Party written notice releasing them from this Agreement, whichever occurs first.
5. Legal Compliance
The Receiving Party agrees to comply with all applicable laws and regulations, including, without limitation, the Nebraska Uniform Trade Secrets Act, in its use and treatment of the Disclosing Party’s Confidential Information.
6. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Nebraska, without regard to its conflict of law principles.
7. Entire Agreement
This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, of the Parties.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first above written.
_________________________________________________
(Signature of Disclosing Party)
Name: _____________________________________________
Title: _____________________________________________
Date: _____________________________________________
_________________________________________________
(Signature of Receiving Party)
Name: _____________________________________________
Title: _____________________________________________
Date: _____________________________________________
Document Features
| Fact Name | Description |
|---|---|
| Definition | A Non-disclosure Agreement (NDA) is a legal contract that protects confidential information shared between parties. |
| Purpose | NDAs are primarily used to prevent the unauthorized disclosure of sensitive information, such as trade secrets or proprietary data. |
| Governing Law | The NDA is governed by Nebraska state law, specifically under the Uniform Trade Secrets Act. |
| Parties Involved | Typically, the NDA involves two parties: the disclosing party (who shares the information) and the receiving party (who agrees to keep it confidential). |
| Duration | The duration of confidentiality can vary. It is common for NDAs to specify a time frame during which the information must remain confidential. |
| Enforcement | If a party breaches the NDA, the other party may seek legal remedies, including injunctions or monetary damages. |
| Exceptions | There are certain exceptions where disclosure may be permitted, such as if the information becomes publicly known or is required by law. |
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