The Nebraska non-disclosure agreement (NDA), or confidential disclosure agreement, is a legal document that sets the terms and conditions for the protection of certain confidential information shared between the parties signing the NDA.
The main goal of this document is to prevent the unauthorized sharing of confidential information with third parties.
What is a Trade Secret in Nebraska?
In Nebraska, a trade secret is a certain method, practice, or other type of information that is considered confidential and is essential to a certain business, its position on the market, and its success.
Types of Non-Disclosure Agreements
This section presents two main types of non-disclosure agreement forms based on which party takes on the obligation of keeping the exchanged information confidential:
Two Types of Non-Disclosure Agreements
Unilateral NDA: This type of NDA creates an obligation only for the party receiving the confidential information from the party creating the NDA. It is mostly used by companies that want to protect the sensitive information their employees get access to during their employment period.
Mutual NDA: Here, all the parties signing the document take on the responsibility of keeping the shared information confidential.
Legal Requirements for Nebraska Non-Disclosure Agreement
Here, you can see the state laws and requirements for the Nebraska non-disclosure agreement template:
What Can a Non-Disclosure Agreement Be Used For in Nebraska?
The Nebraska non-disclosure agreement can be used in various situations based on the type of information you want to keep confidential, the level of information confidentiality, and more.
In this section, you can see the most common reasons the parties chose to issue the NDA:
NDA Uses and Scopes
Protection of business and trade secrets: The parties choose to draft the NDA to protect their confidential business information during their communication with their business partners, vendors, suppliers, and others.
Protection of information during employment: Companies choose to issue an NDA to protect the information their employees get access to during their employment. This document is usually signed along with the employment agreement.
Protection of information after litigation: The NDA can also be used by the parties who want to keep the details of their litigation settlement agreement confidential.
Protection of information during research collaborations: The parties can use the NDA to keep confidential their findings during the research period or to protect the results of their research.
Nebraska Non-Disclosure Agreement FAQ
Yes, the NDA is a legally binding document in Nebraska. However, all parties taking on the obligation from the NDA must have legal capacity when signing the document.
No, the NDA doesn’t need to be signed in front of a witness in Nebraska. However, if the parties want to provide an additional level of authentication for the document, they can include the witness signatures.
You can always decline to sign the NDA in Nebraska. However, before declining to sign, you should consider that this action might jeopardize the relationship between you and the party issuing the NDA.