Several states have passed new laws restricting use of
nondisclosure agreements (NDAs), making it timely for companies to
review their policies and practices. Below are some general
"best practices" related to NDAs.
An NDA Is Still Critically Important.
It is still important to ensure that an appropriate NDA is in
place before disclosing your company's confidential
information, whether you are exploring a potential joint
development, procuring specialized parts, or even hiring a new
employee. Disclosure without an NDA may bar your ability to
maintain the trade secret status of your company's key
information, and allow others to freely use them based on your
"voluntary" disclosure without an NDA.
