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NON-DISCLOSURE AGREEMENT
THIS NON-DISCLOSURE AGREEMENT ("the Agreement") dated this ________ day of ________________, ________.
BETWEEN:
____________________ of ____________________________________________________________(the "Employer")
OF THE FIRST PART
- AND -
____________________ of ____________________________________________________________(the "Employee")
OF THE SECOND PART
BACKGROUND:
IN CONSIDERATION OF and as a condition of the Employer employing the Employee and the Employer providing the Confidential Information to the Employee in addition to other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:
IN WITNESS WHEREOF ____________________ and ____________________ have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
_______________________________WITNESS: ______________________Address: ________________________Occupation: _____________________
__________________________(Employer)Per:____________________________ (Seal)
_____________________________________________________(Employee)
Last Updated January 7, 2025
A Non-Disclosure Agreement (NDA) is an enforceable contract that ensures confidentiality and protects sensitive information shared between parties.
Individuals and organisations use Non-Disclosure Agreements to protect themselves and ensure that parties working with confidential information don’t disclose it to an unauthorised third party. By signing an NDA, parties agree to keep the other party’s information private. Breaking a non-disclosure agreement may result in the owner of the confidential information taking legal action.
LawDepot’s Non-Disclosure Agreement template is customised for the Australian Capital Territory, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, and Western Australia.
A Non-Disclosure Agreement is also known as:
There are two parties: the disclosing party, who shares confidential information to the receiving party, who receives the information for a specified purpose.
Either party can be an individual, multiple individuals involved in a partnership, or an organisation. For example, a software company may hire a freelancer/consultant and require that they sign an NDA, so client information remains confidential.
Individuals and organisations may find NDAs helpful (and sometimes necessary) in settings related to employment, sale transactions, inventions, and more.
Non-Disclosure Agreements are useful in countless other settings as well. It’s a good idea to create an NDA whenever you share sensitive information with another party. Doing so will establish the agreement and outline the potential legal actions if the confidential information is released. It will also create the right environment for whatever work needs to be done.
Confidential information can be any information that is not public knowledge and that the holder of the information wishes to keep private. Confidential information may include:
A party may request that any information shared with another party over the course of the relationship remain confidential and protected by a Non-Disclosure Agreement. However, there are limitations to what can be considered confidential information.
You cannot protect all types of information with an NDA. Information that is already known in your industry or becomes known through no fault of the receiving party cannot be protected by an NDA. Also, Non-Disclosure Agreements cannot protect information that is already rightfully known to the receiving party or disclosed and obtained from a third party.
Yes, with LawDepot’s NDA template, you can include a non-compete and a non-solicit clause.
A non-compete clause restricts the receiving party from starting a company that competes with the disclosing party’s. However, this clause cannot prevent the receiving party from working for competitors.
A non-solicit clause is most common in Non-Disclosure Agreements for employees. This type of clause restricts the receiving party from hiring the employees of the employer (the disclosing party).
If you have signed a Non-Disclosure Agreement, you should be extremely hesitant to break the contract and leak any information. If you’ve signed an NDA and shared another party’s confidential information, they can take legal action against you.
Depending on the situation, the disclosing party can file lawsuits such as:
An NDA can detail the remedies for breaching a contract. For example, the agreement can state a specific amount of money the receiving party must pay if they disclose confidential information. It might also say that damages are not an adequate remedy and that the disclosing party will be entitled to an injunction to prevent any further misuse of the information.
Your obligation to sign an NDA will depend on your personal circumstances. You cannot be coerced or forced to sign a legal document. However, your failure to sign could have consequences. For example, a potential employer may refuse to hire you if you don’t sign an NDA.
A Non-Disclosure Agreement can last indefinitely, or the disclosing party can specify a date when it will no longer remain in effect.
Sample
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