Create an Oregon Non-Disclosure Agreement with our customizable template!
An Oregon non-disclosure agreement (NDA), also known as a confidentiality agreement, may be a legally binding document when properly written. An Oregon non-disclosure agreement should only be used to define and protect legitimate trade and business secrets, such as intellectual property and customer information.
An NDA is often presented to new employees or independent contractors. Before writing a non-disclosure agreement or signing one that is presented to you, you should first obtain legal advice from a qualified law firm.
Oregon’s Uniform Trade Secrets Act, ORS 646.461 through 646.475 , governs the use of non-disclosure agreements. To enforce an Oregon NDA, it’s important that the business truly has a “protectable” interest. This means that the employee or contractor will have access to specific information that the company considers a trade secret. Businesses have the legal right to use the court to enforce a valid NDA to protect their trade secrets.
For businesses looking for maximum protection for their trade secrets, an Oregon non-compete agreement should also be used with new hires and contractors.
Oregon non-disclosure agreements serve a valuable purpose. They help a business keep a competitive edge by protecting confidential business information. This information is referred to as a “trade secret.”
Oregon’s Uniform Trade Secrets Act legally defines the type of information that qualifies as a “trade secret.” A trade secret is information such as a drawing, cost data, customer list, formula, pattern, compilation, program, device, method, technique, or process with its own actual or potential monetary value.
The value of a trade secret is derived from the fact that this information isn’t publicly known and that it isn’t a simple process that another business could figure out on its own to use for their benefit. Additionally, any information that a business claims as a trade secret must be protected by that business using reasonable methods.
To write an Oregon non-disclosure agreement, you should first read the Oregon Uniform Trade Secrets Act to better understand what a non-disclosure agreement can and cannot protect. However, this is not a substitute for legal advice.
If you have legal questions, you should talk with a lawyer. A lawyer can help ensure that your NDA is enforceable.
You can save your template in Microsoft Word (.docx) format for easy editing. Once the document is executed, it can be saved as an Adobe PDF and then printed.
The Disclosing Party and the Receiving Party must sign the agreement and print their names. The signatures should be dated. Each party should receive a copy of the finalized non-disclosure agreement for their records.
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