Michigan Non-Disclosure Agreement Form

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Michigan Non-Disclosure Agreement: What Is It?

A Michigan non-disclosure agreement is more commonly referred to as a confidentiality agreement. The objective of a Michigan non-disclosure agreement is to protect your company's secrets and client information.


Michigan State Laws

Michigan’s Uniform Trade Secrets Act (Act 448 of 1998), governs non-disclosure agreements as well as provides the definition for what the state considers a trade secret.


Definition of “Trade Secrets”

Company secrets are more generally called trade secrets in NDAs. Michigan’s Uniform Trade Secrets Act provides a definition of a “trade secret” as information like a formula, pattern, compilation, program, device, method, technique, or process that has actual or potential monetary value to the business because it’s not something that is known by the general public. It also isn’t something that another business could easily figure out and use to their benefit. The business must take reasonable efforts as defined by Section 445.1906 to keep that information as secret.


Laws

Michigan’s Uniform Trade Secrets Act also provides information about the statute of limitations as well as the damages that a business may be entitled to receive because of the NDA was violated.


For additional protection, use this document along with a Michigan non-compete agreement.


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