Non-disclosure Agreement Template - Rhode Island

Rhode Island NDA: How to Make?

Follow these guidelines to prepare an effective Rhode Island NDA:

1. Identify the parties to the contract by their full names and physical addresses . In case the recipient of the information is a private individual, add their driver's license number as well.
2. Define what is considered "confidential" in line with the terms and conditions of the agreement . Every NDA is different, and it is up to the parties to decide and explain what will be protected by the contract - list the sensitive information and refer to other documentation that elaborates on the details, schemes, patterns, and formulas the receiving party has to keep secret.
3. Determine the type of the agreement . In some cases, the parties share the responsibility not to disclose the information they have learned while working together - for instance, business partners that have developed an invention must keep it private from the competitors. Otherwise, the obligation and the contract are unilateral - the recipient of the data promises not to release it to any third parties.
4. Describe the steps the non-breaching party must take in the event of a contract violation . Traditionally, the breaching party is asked to pay monetary damages - request compensation via a formal notice or lawsuit. As a rule, the parties are advised to seek an out-of-court settlement first.
5. Sign the papers and write down the actual date of signing . You need to book an appointment with a local notary public who will check the identification documentation of the parties or their legal representatives and witness the process of signing.

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.