Create an Alabama Non-Disclosure Agreement with our customizable template!
An Alabama non-disclosure agreement (NDA), also referred to as a confidentiality agreement , is a legal document that is used by business owners and their employees or contractors to create a confidential relationship between the parties. The legal contract may create a unilateral NDA or a mutual NDA.
The objective of an Alabama non-disclosure agreement is to keep certain information related to the business and its practices confidential. The signing party agrees that they will not reveal certain information as specified in an Alabama non-disclosure agreement. Because it is a legal document, both parties should get legal advice from a law firm before signing to ensure that their rights are protected.
The purpose of an NDA is to protect trade secrets or the intellectual property of a business. The specific law for NDAs is known as the Alabama Trade Secrets Act (Ala. Code § 8-27) .
Section two of the Alabama Trade Secrets Act defines a “trade secret” as specific information that is used or has the intended use in a trade or business. It may information included in a:
The information may not be something that is publicly known or considered part of the public domain. It also may not be information that is considered general knowledge in that trade or the business industry. It also may not be readily determined by public information. The information treated as a trade secret must be subject to reasonable measures of protection by the individual or company wishing to have it treated as a secret. Finally, sensitive information must have significant economic value.
Alabama’s Trade Secret Act ( Ala. Code § 8-27 ) specifically applies to Alabama non-disclosure agreements. This code includes the definition of a trade secret , misappropriation under the law , remedies for actual or threatened misappropriation, the statutes of limitation related to NDAs , and its effect on other state laws .
An Alabama non-disclosure agreement is often used along with an Alabama non-compete agreement . A non-compete agreement protects businesses by providing limitations on the type of work that an employee or contractor may do during or after working with the business.
To create a basic Alabama non-disclosure agreement template, you'll first need to find and review certain information from Alabama laws. There is no substitute for legal advice from a qualified lawyer. You'll need to find and review such information as the time your unilateral NDA or mutual NDA may last under what restrictions, if any, exist.
You need this information because it can help ensure that you can write an agreement that protects your sensitive information and that your document can protect you in court if necessary. You can save your template in Microsoft Word (.docx) for easy editing.
Finally, include space for the disclosing party and the receiving party to print and sign their names and to provide their titles as well as space for each to put the date. Both parties should keep a copy of the NDA for their records.
Create a Alabama Non-Disclosure Agreement in minutes with our professional document builder.
Get Started Now!