Georgia Non-Disclosure Agreement Template
The official Georgia Non-Disclosure Agreement (NDA), also referred to as a “confidentiality agreement,” keeps shared confidential information from being released or given to third (3rd) parties. It can be used in a wide variety of situations, with the most common being those relating to business matters. The form can be made to expire after a set amount of time or after an event (such as the selling of a company). Being a template, the NDA can (and should) be customized to meet the needs of the situation, which vary from one to the next. When editing, it is important the form remains in accordance with Georgia’s Trade Secret Law, which is required for being legally enforceable in the state.
Trade Secret Law
For those drafting and signing a confidentiality agreement or NDA in Georgia, it is crucial the parties understand Georgia’s Trade Secret Law, which covers what can and can’t be done in regards to NDAs, the protocols for carrying out certain actions, and the consequences that result from breaching the agreement.
Statute of Limitations (§ 10-1-766): Five (5) years. In other words, for a party to bring a case of misappropriation (stolen trade secrets) against another entity, it must be done so within five (5) years after discovering the wrongdoing (or when it should have been discovered).