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Non-disclosure Agreement Template - New Jersey
New Jersey Non-Disclosure Agreement: What is it?
A New Jersey Non-Disclosure Agreement refers to an enforceable contract that outlines the particulars of the confidential relationship established between two parties - one of them decides to share sensitive data while the other promises to keep it safe and secret and not share it with any third parties.
Often used to prevent market competitors to use the discovered or developed data, this document will help small businesses and large corporations that wish to maintain the secrecy of their records and documents.
If you are looking for a customizable New Jersey Non-Disclosure Agreement Template, you can find it below.
New Jersey NDA: How to Make?
To create a legally binding New Jersey NDA, you need to record the following provisions:
- Identification of the counterparts. Enter the names and contact details of the owner of the proprietary data and the receiving party.
- Definition of confidential information and its description. Whether you are protecting internal records of the company, the intellectual property it owns, patterns, formulas, designs, schemes, or client lists, you have to be clear and unambiguous when drafting the contract to make sure the NDA is not challenged and misinterpreted in the future.
- Exclusions from the contract. As a general rule, the recipient of the proprietary information is not responsible for keeping the details they learned before working for or with the disclosing party private. Additionally, it is up to the counterparts to determine what will be excluded from the NDA.
- Term of the agreement. It is very important to specify the length of the non-disclosure period - you may want to protect the information for several years or indicate the protection is indefinite; most contracts of this kind forbid the disclosure of the data for a few months or years especially if the details have no value after a while.
- Remedies available in the event of a contract violation. Consider contacting the breaching party first asking to settle the matters outside of court and demanding compensation if necessary; only after a written notice fails to safeguard your rights, you should file a formal lawsuit.
- Signatures of the parties. Sign and date the document to confirm the intentions of the parties to follow the conditions they have negotiated. Notarize the NDA - a notary seal will serve as extra protection for your mutual interests.
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