Non Disclosure Agreement Cost for the United States

Non Disclosure Agreement Cost Template for United States

A Non-Disclosure Agreement Cost is a legally binding document under United States law that specifically protects confidential information related to pricing, costs, financial projections, and budgetary details. This agreement ensures that sensitive cost-related information shared between parties remains confidential and is used only for specified purposes. It includes provisions for protecting proprietary cost calculation methods, pricing strategies, and financial models.

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What is a Non Disclosure Agreement Cost?

The Non Disclosure Agreement Cost is specifically designed for situations where parties need to exchange sensitive financial and cost-related information in the United States. This document is particularly crucial when sharing pricing strategies, cost structures, profit margins, or financial projections. It provides legal protection under US federal and state laws, including the Defend Trade Secrets Act and applicable state trade secret laws. The agreement is commonly used during business negotiations, due diligence processes, or when engaging with contractors and consultants who need access to proprietary cost information.

What sections should be included in a Non Disclosure Agreement Cost?

1. Parties: Identification of all parties entering into the NDA, including legal names and addresses

2. Background: Context of the agreement and purpose for sharing confidential information

3. Definitions: Define key terms, especially 'Confidential Information', 'Trade Secrets', 'Disclosure', etc.

4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

5. Obligations of Receiving Party: Duties to maintain confidentiality and permitted uses of information

6. Term and Termination: Duration of the agreement and conditions for termination

7. Return of Confidential Information: Procedures for returning or destroying confidential information

8. Governing Law: Jurisdiction and applicable law

What sections are optional to include in a Non Disclosure Agreement Cost?

1. Whistleblower Protection Notice: Required if the NDA involves employees or contractors in the US - used when the receiving party is an employee or contractor

2. Non-Solicitation: Restrictions on soliciting employees or customers - used when protecting business relationships is crucial

3. Residual Knowledge Clause: Addresses use of information retained in memory - commonly used in technology sector

4. Security Measures: Specific security protocols for handling information - used when dealing with highly sensitive data or regulated industries

What schedules should be included in a Non Disclosure Agreement Cost?

1. Schedule A - Specified Confidential Information: Detailed list of specific confidential information covered

2. Schedule B - Authorized Representatives: List of individuals authorized to receive confidential information

3. Schedule C - Security Protocols: Detailed security measures and procedures if required

4. Schedule D - Excluded Information: Specific information explicitly excluded from the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use
Industries

Defend Trade Secrets Act (DTSA) 2016: Federal law providing protection for trade secrets and mandatory whistleblower immunity provisions that must be included in NDAs

Economic Espionage Act 1996: Federal law that criminalizes the theft of trade secrets

Securities Exchange Act: Federal regulations concerning publicly traded companies and insider trading considerations for NDAs

Uniform Trade Secrets Act (UTSA): State-level law adopted by most states defining trade secrets and misappropriation

California Business and Professions Code Section 16600: State-specific example of NDA restrictions, particularly regarding non-compete limitations in California

National Labor Relations Act: Federal law protecting employee rights to discuss working conditions, which must be considered in NDA drafting

Equal Employment Opportunity Laws: Federal laws ensuring NDAs don't restrict discrimination claims or other protected rights

Contract Law Principles: Basic requirements including consideration, mutual understanding, reasonable terms, duration, and geographic scope

Industry-Specific Regulations: Sector-specific requirements such as HIPAA for healthcare, financial services regulations, and technology sector requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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