Oregon Non-Disclosure Agreement Template

The Oregon Non-Disclosure Agreement (NDA), a form that also goes by the name “confidentiality agreement,” is used by Oregon-based companies and business people to protect their confidential information. The form, which complies with the state’s trade secret law (Chapter 646), is legally-binding and can be used as either a bilateral or unilateral contract depending on whether or not one (1) or both parties anticipate sharing information. An example of a situation where a bilateral contract may be needed is potential business mergers, as the companies will need to have access to each other’s business plans. A situation in which a unilateral NDA may be needed is the hiring of a new employee that will have access to sensitive, highly secretive information. In unilateral contracts, there is a receiving party and a disclosing party. The disclosing party can be anyone who harbors secretive information, whereas the receiving party is commonly:

A potential employee,
A new employee,
A client,
A consultant,
An investor, or
Another company.