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 non-disclosure agreements' requirements in Wisconsin, 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 in 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 US 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 and mutual. - 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, let's discuss NDA laws in Wisconsin. - Wisconsin has its own set of laws that apply to NDAs called the Uniform Trade Secrets Act. - If someone violates a legal NDA in Wisconsin, the harmed party can 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 more information on laws can be found at the link below. - In an NDA agreement, at a minimum, the following sections should be...
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Video instructions and help with filling out and completing Dd 1750
