Non-disclosure Agreement Template - Ohio

Non-disclosure Agreement Template - Ohio

Ohio Non-Disclosure Agreement: What is it?

In case you are looking for the surest way to safeguard information your company owns and wants to keep private, consider preparing an Ohio Non-Disclosure Agreement.

This document will help you determine what kind of information your current and former employees, investors, clients, and business partners can and cannot share with third parties. By opting for this protection, you can make sure your relationships with your customers, strategies and methods developed to grow your organization, and trade secrets remain unknown to your competitors.

An Ohio Non-Disclosure Agreement Template can be found via the link below.

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Ohio NDA: How to Make?

To draft an Ohio NDA that will clearly define the confidential information that must be secret for all individuals and entities outside the agreement, you need to follow these steps:

  1. List the names of the parties, their telephone numbers, and physical addresses. If the receiving party is a private individual, it is advised to add their driver's license number as well.
  2. State what information is considered confidential. It will depend on the nature of your relationship - make sure you are clear and unambiguous when you list the details the receiving party cannot share with anyone else. If needed, you may indicate the contract is mutual - it is the preferred option when two companies work together discovering or developing data.
  3. Make sure the duration of the non-disclosure period is reasonable for both parties. It would make no sense to protect marketing strategies that would lose their value within a few years by indicating the term of the NDA is indefinite.
  4. Include a non-compete clause to prevent your ex-employee from being hired by your local competitors and record the compensation you pay them for giving up this employment opportunity.
  5. Specify the penalties for the contract violation. For example, there may be a particular amount of money the breaching party has to pay their counterpart if the disclosure of sensitive data is proven in court. It is also recommended to describe how the non-breaching party can reach out to fix the issue - maybe, a formal notice should precede a lawsuit.
  6. Sign the papers and write down the actual date of signing. A notary public should witness you signing the NDA to certify the authenticity of your signatures and the true nature of the deal.

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

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