Georgia Law for Confidentiality Agreement Term Limits
A confidentiality agreement protects important, confidential information. A confidentiality agreement is either mutual or one-way. A mutual agreement protects the disclosure of information traded by two parties, while a one-way agreement protects the party disclosing the information.
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Definition
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Companies often use confidentiality agreements, also known as nondisclosure agreements (NDA, to protect trade secrets or other company information from disclosure by an employee or other party given access to confidential information. A violation of a confidentiality agreement gives the company the right to seek legal redress against the disclosing party.
Contents
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Most confidentiality agreements include basic terms. For instance, the agreement will define the confidential information, what is not confidential information, what obligations are imposed on the signing party and the term of the agreement.
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Georgia Term Limits
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Most agreements will obligate the receiving party to maintain confidentiality for a certain amount of time. On average, most agreements will bar disclosure for two to three years but some may last for 10 years. While some states require the inclusion of a time limit to make it enforceable, in November 2010, a constitutional amendment to Georgia's constitution eliminated this requirement.
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