Non-disclosure agreements or ndas for short are legally binding documents that require people to keep certain information to themselves in this video we'll cover non-disclosure agreements requirements in maryland what to include and where to find a state-specific template first let's get into a little more detail about ndas in general an nda also called a confidentiality agreement protects a company organization or individual's business secrets from getting out into the open and especially into competitors hands secrets come in the form of new ideas finances software and any other sensitive information many businesses have learned the hard way that things need to be kept close which is why ndas are so common in today's workforce in fact about a third of the u.s workforce is bound by an nda ndas are commonly used on employees subcontractors potential investors and anyone else that gains access to sensitive information there are two types of ndas unilateral ndas are more common and typically involve information shared with contractors or employees they are one-way agreements which means that one person the receiving party is agreeing not to share information mutual ndas are less common and involve a few people that may come together with an idea and need to share sensitive information with each other now here's what you should know about nda laws in maryland maryland has its own set of laws for ndas if someone violates a legal nda in maryland the harm party has up to three years after the misappropriation is discovered to bring action in court and they could be entitled to significant damages there are state limitations as to what is deemed a trade secret but we have more information on laws at the link below so be sure to take a look now what should the...
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Video instructions and help with filling out and completing Dd 1750
