Create an Ohio Non-Disclosure Agreement with our customizable template!
An Ohio non-disclosure agreement (NDA) is known as a confidentiality agreement. The objective of an Ohio non-disclosure agreement is to legally bind employees or independent contractors to silence for a specific length of time in regards to business secrets and trade secrets. One example of protected information is intellectual property.
Ohio non-disclosure agreements should be carefully worded. Before drafting your own NDA or before signing one presented to you, you should seek legal advice because of the nature of establishing a confidential relationship.
Ohio’s Uniform Trade Secrets Act, Ohio. Rev. Code §§ 1333.61 through 1333.69 , defines trade secrets and oversees the legal use of non-disclosure agreements. The Ohio Uniform Trade Secrets Act also explains what can happen if someone threatens to or violates a signed NDA agreement.
It’s also important to use an Ohio non-compete agreement to help protect the interests of the business.
Ohio non-disclosure agreements refer to business secrets as “trade secrets.” To ensure that a business is truly able to protect the information, it’s important to understand the legal definition of the term “trade secret.” Ohio’s Uniform Trade Secrets Act defines a trade secret as full or partial information that is scientific or technical, a design, a process, a procedure, a formula, a pattern, a compilation, a program, a device, a method, a technique, an improvement, business information or plans, financial information, or a list of names, addresses, or phone numbers that has potential or actual monetary value.
A trade secret’s value occurs because the information isn’t something known by the public or other businesses. The information cannot be so simple that another company could also develop and use the same information for their financial gain. The company must also take reasonable steps to keep that information secret.
To write a basic Ohio non-disclosure agreement, you should first read the Ohio Uniform Trade Secrets Act. This will give you a better understanding of the type of information that can be covered by an NDA.
However, this is not a substitute for obtaining legal advice from an attorney. An attorney can help ensure that your NDA can stand up in court against a former employee if necessary.
You can save your template in Microsoft Word (.docx) format for easy editing.
The Disclosing Party and the Receiving Party must sign and print their names. The signatures should be dated. The parties should each receive a copy of the finalized document for their records.
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