You cannot prohibit the receiving party from disclosing information that is known to the public, that was legally acquired from another source or developed by the receiving party before they meet you. Similarly, it is not illegal for the receiving party to reveal your secret with your permission. These legal exceptions exist with or without agreement, but they are usually contained in a contract in order to make everyone understand that this information is not considered a trade secret. We recommend that you search as long as possible, preferably without limit. But you recognize that some companies want a fixed period and some courts, if the NDAs interpret, require that the period is appropriate. Determining adequacy is subjective and depends on the confidential material and the nature of the industry. For example, some trade secrets may be short-lived within the software or internet industry. Other trade secrets. For example, the Coca-Cola formula has been kept a secret for more than a century.
For example, if others are likely to stumble on the same secret or innovation or cancel within a few years, you are unlikely to be damaged by a two- or three-year period. Remember that once the period is over, the revealing part is free to reveal your secrets. NDA Job Interview – You may end up revealing trade secrets if you interview potential employees, especially for sensitive jobs. Anyone you hire should be required to sign an NDA (or employment contract with a confidentiality clause). But of course, interviewees you don`t hire won`t sign an employment contract or employment contract. This is why candidates for sensitive positions signed a simple confidentiality agreement at the beginning of a job interview. Depending on the type of transaction, the relationship and the information that is indicated, each NOA at the end is different. There are additional clauses that you want to include in your own confidentiality agreement: launch your NDA by creating the “parts” of the agreement.