True" 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 the requirements for non-disclosure agreements in South Carolina, what to include, and where to get 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, especially into competitors' hands. - These secrets can come in the form of new ideas, finances, software, and any other sensitive information. - Many businesses have learned the hard way that such things need to be kept close, which is why NDAs are so common in today's workforce. - In fact, about a third of the US workforce is bound by an NDA. - NDAs are commonly used on employees, subcontractors, potential investors, and anyone else who gains access to sensitive information. - There are two types of NDAs: unilateral and mutual. - Unilateral NDAs are more common and typically involve information shared with contractors or employees. - They are one-way agreements, meaning that the receiving party agrees not to share information. - Mutual NDAs are less common and involve a few people who may come together with an idea and need to share sensitive information with each other. - Now, let's discuss NDA laws in South Carolina. - South Carolina has its own set of laws for NDAs. - If someone violates a legal NDA in South Carolina, the harmed 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 on what is deemed a trade secret, but more information on...
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Video instructions and help with filling out and completing Dd 1750
