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 of non-disclosure agreements in Missouri, what to include, and where to get a state-specific template. - First, let's delve into more detail about NDAs in general. - An NDA, also called a confidentiality agreement, protects a company, organization, or individual's business secrets from being disclosed, especially to competitors. - These secrets can include new ideas, finances, software, and other sensitive information. - Many businesses have learned the importance of keeping things confidential, which is why NDAs are commonly used in today's workforce. - In fact, about a third of the US workforce is bound by an NDA. - NDAs are commonly used for 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 involve information shared with contractors or employees. - They are one-way agreements, meaning the receiving party agrees not to share information. - Mutual NDAs are less common and involve multiple people coming together with an idea and needing to share sensitive information with each other. - Now, let's focus on NDA laws in Missouri. - Missouri has its own set of laws for NDAs. - If someone violates a legal NDA in Missouri, the harmed party has up to five years after discovering the misappropriation to take legal action. - Significant damages could be awarded in such cases. - There are state limitations on what is considered a trade secret, and more information on these laws can be found at the provided link. - So, what should be included in the agreement? - At a minimum, it should include...
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Video instructions and help with filling out and completing Dd 1750
