The South Dakota Non-Disclosure Agreement (NDA) Template solidifies the intent of all signature parties to maintain discretion with a business’ Trade Secret. The business using this contract to obtain such a promise will be rewarded with a clear-cut declaration of its expectations regarding the signature party’s behavior with information considered confidential by the user.
This agreement’s language, definitions, and conditions conform with all existing South Dakota statutes on the subject (Chapter 37-29). This document however will call for some additional protections or remedies in the interest of the using company. For instance, the statute of limitations for the misappropriation of information is only three years whereas this contract will hold a party responsible to these terms for five years. As a contract, this means the terms hear are enforceable for five years after a signature has been supplied. Hence, it is in everyone’s best interest to make sure he or she fully comprehends the materials presented. Only then, should it be signed by each party signing this document.
This document should be downloaded then filled out before it is presented to each signature party. This will give each party signing this document an opportunity to verify his or her information and carefully review it before providing a binding signature.