How To Draw Up a Non-Disclosure Agreement in a Few Clicks
Many businesses use non-disclosure agreements—popularly known as NDAs—to protect their confidential info. Do you want to ensure your business secrets are safe? You should learn how to draw up non-disclosure agreements without hiring a lawyer or searching for contract templates online. DoNotPay offers a solution that will help you write a contract or any other legal document in the blink of an eye.
What Is a Non-Disclosure Agreement?
A non-disclosure agreement is a legally binding contract created to keep certain info secret. There are two types of NDAs:
- Mutual non-disclosure agreement—usually required when two companies discuss working together and want to protect their interests and business details. Both parties need to sign the agreement
- Non-mutual agreement—an NDA signed by one party, usually an employee, visitor, consultant, or any other individual who has access to a company’s sensitive info
While NDAs can cover any type of information, they usually protect important business details, such as:
- Trade secrets
- Client info
- Marketing plans
- Manufacturing process
- Plans for a new product
The signing parties agree to keep information declared in the contract a secret for as long as the agreement is valid.
Other than business NDAs, there are also implied contracts, such as an attorney-client privilege, doctor-patient confidentiality, and bank-client confidentiality.
Why Should You Sign an NDA Agreement?
Due to significant market competition in all industries, protecting your business secrets is important now more than ever. Confidentiality agreements ensure your business ideas, plans, and deals stay a secret for as long as you want.
How To Write a Non-Disclosure Agreement on Your Own
If you don’t want to waste money on a lawyer, you could try to write an NDA yourself. Bear in mind that such an endeavor is super challenging as the contract includes many important clauses that shouldn’t be overlooked:
- Disclosing and Receiving Parties
- Confidential Info
- Non-Disclosure Obligations
- Time Frame
- Additional Clauses
Disclosing and Receiving Parties
Every NDA should include the names of both parties:
- Disclosing party—a person or company sharing the info
- Receiving party—a person or company receiving the info
The second part of the contract should specify what information has to be protected by the agreement. These are some of the common examples of confidential info protected by the NDA:
Many NDAs have an “Exclusion” clause that defines what info isn’t protected by the agreement. An NDA usually doesn’t cover information:
- The other party had access to before the agreement
- Already present in the public domain
- Independently discovered or developed by the receiving party
This section should outline the contractual obligations of the receiving party. It usually contains multiple clauses and describes all obligations in detail. These are some of the clauses most people include in their NDAs:
- Obligation to maintain confidentiality
- Non-disclosure of transaction
Every confidentiality agreement should state for how long the information in question needs to be kept a secret. This clause includes:
- Effective Date—when the contractual obligation begins (usually the same day the agreement is signed)
- Disclosure Period—the duration in which the contractual information can’t be disclosed
- Termination—when the agreement ends
This section needs to declare which state’s laws apply in case one party doesn’t honor the agreement.
A non-disclosure agreement becomes legally binding only when both parties sign it.
You can include additional clauses if the nature of the specified information requires it. Most companies declare the consequences of breaking the non-disclosure agreement.
What Happens if You Break a Non-Disclosure Agreement?
Parties who violate an NDA face legal consequences disclosed in the agreement. Most companies require financial compensation or file a lawsuit against the receiving party.
Draw Up a Non-Disclosure Agreement in Under Five Minutes With DoNotPay
You might be feeling overwhelmed after reading all the clauses you need to include in your NDA. If you want to protect your company’s sensitive info error-free without hiring a lawyer, you should rely on DoNotPay. We have come up with a practical feature that will help you draw up an unlimited number of professional documents for a low price.
To write a non-disclosure agreement with DoNotPay, follow these steps:
- Open DoNotPay
- Type in the name of the document in the Search field
- Provide required details
- Download or print the document
Need Help Making Other Contracts? Rely on DoNotPay!
Besides offering an efficient way of writing an NDA, DoNotPay’s extensive database allows us to help you with other legal documents, including:
- Independent Contractor Agreement
- Bill of Sale
- LLC Operating Rules Document
- Residential Lease Agreement
- Intent to Purchase Real Estate
- Promissory Note
- Prenuptial Agreement
- Child Custody
More of What We Can Do for You
Our multifaceted app can call and record the conversation with the customer service of the company that just won’t let you go! If you are having trouble canceling an unwanted service via the traditional channels, use DoNotPay to get it over and done with!
We’ll also lend a helping hand in stopping spam mail—whether it’s electronic or paper. Our Spam Collector product unsubscribes you from unwanted emails and cleans up your physical mailbox too!
DoNotPay Can Do Your Paperwork for You!
Feeling like you’re in bureaucratic hell? Our app will draft the paperwork you need and get you out of any hurdle before you know it!
We can compose most of the documents that you require for any administrative purpose in your jurisdiction, most notably:
- Legal forms for the small claims court disputes in your state
- Court scripts so you don’t get lost for words in front of the judge
- Parking ticket appeals
- Extension letters and fee waivers for your overdue bills
- Warranty claims
- Cease and desist letters for stalkers and harassers bolstered by applicable state and federal laws
- Dispute letters for chargebacks and refunds
- DMCA takedown notices
- Forgotten property claims
- College fee waiver applications
- Application emails for clinical trials in your area that boost your chances of enrollment
- Digitized letters for keeping in touch with your imprisoned loved ones that comply with the local prison practices
- Insurance claims