Michigan Non-Disclosure Agreement Template
A Michigan non-disclosure agreement (NDA) is a legal contract used by companies and individuals for keeping private information out of the hands of third parties. It requires the recipient (be it another company, an investor, or an employee) to keep all learned information (as outlined in the contract) from being spoken with anyone not clearly permitted.
For situations in which information will be shared by both parties, the agreement should be made “bilateral.” For the more common situation of one (1) party sharing information to another, the form should be made “unilateral.”
- Chapter: §§ 445.1901 to 445.1910
- Definitions: § 445.1902
- Statute of Limitations (§ 445.1907): A case of misappropriation must be brought within three (3) years after discovering the wrongdoing.