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Mutaual Non Disclosure Agreement. [Your company name] AND "[Company Name]"
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non-disclosure agreement. NONDISCLOSURE AGREEMENTS AS THE MEAN TO PROTECT TRADE
SECRETS Student: Emin Gurbanov COURSE: BUL4310 Professor ...
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... A business has the ability to protect its' trade secrets and can require an employee
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... employment of non-disclosure agreements (NDA). In exchange for the opportunity to
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Submitted by emin777 on November 13, 2005
Category: Business
Words: 2822 | Pages: 12
Views: 276
Popularity Rank: 40,536
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NONDISCLOSURE AGREEMENTS AS THE MEAN TO PROTECT TRADE SECRETS
Student: Emin Gurbanov
COURSE: BUL4310
Professor: STEVEN VOGEL, JD, LLM
TABLE OF CONTENTS:
1. Importance of Trade Secrets it today's business world
2. Nondisclosure Agreement as effective tool to protect Trade Secrets
3. Elements and definition of Trade Secrets
4. Requirements for qualifications of secrets and Trade Secrets
5. Legislative definitions and protections of Trade Secrets
6. Limitations of Nondisclosure Agreement
7. Protection of Trade Secrets
As the world moves rapidly toward an international marketplace, the protection of trade secrets becomes a task of high importance for industrial nations. Industrial espionage and theft of trade secrets have been known to civilization since ancient times. For example, the technique of making a silk in ancient China was a seriously kept secret. The law of the country permitted death by torture as penalty for revealing the secret of silk-making to outsiders. Today, the penalty for theft of trade secrets, if the perpetrator gets caught, is usually solely financial, though sometimes it can eventually become a subject of criminal charges. The necessity to protect business, intellectual and other tangible and intangible property led to the creation of the Nondisclosure Agreement (NDA) terminology in today's business lexicon. The FBI and American Society of Industrial Security estimate that U.S businesses lose at least $24 billion every year because of stolen trade secrets, mostly from sales by employees to competitors.
A nondisclosure agreement in most business environments is an inalienable element in the employee hiring process. Almost every business has some valuable confidential information that it wants to keep under wraps. It...
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