Alabama Non-Disclosure Agreement Template
The Alabama Non-Disclosure Agreement (NDA) is a contract that imposes a legal requirement on an individual to keep a company’s confidential secrets to themselves. The document is frequently used in situations involving potential mergers. It is also useful in cases where a company will be exposing information that could be damaging if put in the wrong hands. If a breach of contract occurs, an NDA allows the company to take one of several legal actions, with the most popular being to sue for reparation (damages).
Trade Secret Law
Knowing Alabama’s Trade Secret Law (§§ 8-27-1 to 8-27-6) is imperative in understanding what constitutes misappropriation (stolen secrets) and the steps that can be taken after a breach of contract.
- § 8-27-1: States that the 8-27 Chapter is in regards to the “Alabama Trade Secrets Act”.
- § 8-27-2: Gives the definitions for Trade Secret, Improper Means, and Person.
- § 8-27-3: Describes what makes an individual liable for misappropriation of a trade secret.
- § 8-27-4: States what can be done by the plaintiff in the case that misappropriation did occur.
- § 8-27-5: Gives the statute of limitations; a case must be brought up within 2 years of being discovered.
- § 8-27-6: Describes how the Trade Secret Law affects other laws.