Create an Indiana Non-Disclosure Agreement with our customizable template!
An Indiana non-disclosure agreement (NDA), also known as a confidentiality agreement, is signed by employees, independent contractors, or other third parties (including another business). Essentially, they are promising not to reveal any trade secrets, confidential information, or sensitive information such as intellectual property to the public, other businesses, or competitors.
It is important to note that an Indiana non-disclosure agreement must include a specific time limit. Before creating an NDA to protect your company's trade secrets or signing an NDA presented to you, seek out legal advice from a qualified law firm.
Non-disclosure agreements are regulated by IC 24-2-3 . It is entitled “Trade Secrets.” It’s important to note that under the “Short Title,” that this particular part of the law overrides any conflicting laws except those found within contract law and criminal law.
Indiana non-disclosure agreements may be legally binding, but for a court to uphold one, it must include reasonable limitations for time, geography, and restrictions. This is a concept known as reasonable scope.
Indiana businesses may also protect their business by also using an Indiana non-compete agreement .
Indiana Code ( IC 24-2-3-2 ) defines “trade secret” as information that can include a formula, pattern, compilation, program, device, method, technique, or process that has its own actual or potential economic value.
This information cannot be general knowledge. It also cannot be information that another company within the industry could easily ascertain. Finally, the business creating the non-disclosure agreement must take reasonable steps to keep that information private.
To write a basic Indiana non-disclosure agreement, first read the Indiana Trade Secret Act to understand what is required. While this will help you understand what is required in an NDA, it is no substitute for qualified legal advice.
You should have your NDA reviewed by a lawyer to ensure that it is written properly and that it can protect the trade secrets of your business and that it could stand up in court if necessary.
You can save your template in Microsoft Word (.docx) for easy editing and once ready to print, save it in Adobe PDF so that it cannot be modified.
Include signature lines as well as lines for each person to print their name, their role within the agreement (Disclosing Party and Receiving Party), and to date the agreement. Finally, once the NDA is executed, each party should receive a copy of the finalized version for their records.
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