Non-Disclosure Agreement Shrm

Posted by on Nov 22, 2022 in Uncategorized | 0 comments

Non-Disclosure Agreement (NDA) is a legal document used by businesses and individuals to protect confidential information. It is a contractual agreement between two parties that outlines the terms and conditions of sharing confidential information, including trade secrets, proprietary data, and intellectual property.

The Society for Human Resource Management (SHRM) is a professional association for human resources professionals. SHRM provides resources and information to help HR professionals stay up-to-date with the latest trends and best practices in the field.

SHRM offers a sample NDA template that HR professionals can use to create their own NDA. The SHRM NDA template is a comprehensive document that outlines the terms and conditions of sharing confidential information between two parties.

The SHRM NDA template includes the following key sections:

1. Definition of confidential information: This section defines what constitutes confidential information.

2. Obligations of the receiving party: This section outlines the obligations of the party receiving the confidential information. The receiving party must use the information only for the purpose for which it was disclosed and must take all necessary steps to protect the confidentiality of the information.

3. Obligations of the disclosing party: This section outlines the obligations of the party disclosing the confidential information. The disclosing party must only disclose information that is necessary for the purpose for which it is disclosed and must take all necessary steps to protect the confidentiality of the information.

4. Term of agreement: This section outlines the duration of the NDA.

5. Remedies for breach: This section outlines the remedies available in case of a breach of the NDA.

6. Governing law: This section outlines the laws that govern the NDA.

The SHRM NDA template is a useful resource for HR professionals who need to create a non-disclosure agreement. It provides a comprehensive and customizable document that can be tailored to the specific needs of the organization.

In conclusion, non-disclosure agreements are an important tool for protecting confidential information. The SHRM NDA template provides a useful resource for HR professionals who need to create an NDA. By using the SHRM NDA template, HR professionals can ensure that their organization`s confidential information is protected.