The New York Non-Disclosure Agreement (NDA) Template provides a method for gaining assurance the signature party will maintain the user’s Trade Secrets confidentiality.That is, that any sensitive information regarding the user’s Business Practices will not be misappropriated by the signature entity. This type of concern typically arises when a business commits to a new hire or when a professional partnership forms.
Thus, a business will have a need to explain to concerned entities what may or may not be done with information that may be readily available as a result of the relationship being formed (or in progress). This documentation will also define Trade Secrets and call for accountability when necessary. The business using this form to safeguard its interests will only need to obtain it from this page the, fill in the information it requires. This will consist mainly of identities and locations. Once these tasks are completed each entity participating directly with this document must sign it.
Generally, this type of agreement is considered a standard practice and a staple precautionary set of documents applicable in most professional relationships. New York State does not have specific laws currently affecting this document but this will not impede its effect.
Laws – No Statute currently although Senate Bill S4688 is currently in committee and expected to be signed into law in the near future as New York currently does not laws related to Trade Secrets.