Non-disclosure Agreement Template - South Carolina

Non-disclosure Agreement Template - South Carolina

South Carolina Non-Disclosure Agreement: What is it?

Whether you own a small business or manage a large corporation, you can find yourself in need of preparing and offering a South Carolina Non-Disclosure Agreement to your current and former employees, advisors, partners, and customers when dealing with proprietary information.

The purpose of this document is to determine the limits of the professional relationship between you and your counterparts and make sure your strategies, schemes, formulas, and records are not stolen and shared with third parties, especially your industry competitors.

A South Carolina Non-Disclosure Agreement Template can be downloaded below.

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South Carolina NDA: How to Make?

Here is how you can create a legally enforceable South Carolina NDA:

  1. State the names of the parties and their physical addresses.
  2. Indicate whether the obligation not to disclose sensitive information is mutual or unilateral . The former type of agreement is required when the parties equally participate in developing and learning data working as business partners while the latter contract is usually offered to employees and customers - people that had access to the details they need to keep private.
  3. Specify the details that are deemed "confidential" under the terms of the NDA . List all the items the receiving party has to keep private - business practices, contact details of customers, software designs, product specifications, descriptions of inventions, etc. It is up to the disclosing party to ensure the list is full and there is no room for wrong interpretation - in the event of a dispute, the recipient may argue they were not obliged to keep certain details private so be precise and unambiguous.
  4. Add a non-compete clause to the agreement if you are letting an employee go and they were allowed access to the confidential information of the company - this may be the only way to prevent your local rivals from obtaining sensitive data of your business. Note that you need to provide your soon-to-be ex-employee with compensation for making them give up on an employment opportunity in a certain geographical area.
  5. Sign the papers and record the actual date . It is necessary to notarize the document - add more protection to your deal. The notary public will certify the information in the NDA is true and complete, verify the identities of parties or their legal representatives, and put a notary seal under the signatures of counterparts.

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