Illinois Non-Disclosure Agreement (NDA) Template

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The Illinois non-disclosure agreement is a contract between two (2) parties which binds them to prevent the unwanted distribution of proprietary and Confidential Information, often referred to as Trade Secrets. Confidential Information can be described as any non-public data which, if released to the company’s competitors, would be detrimental or damaging to the individual or organization. A non-disclosure agreement (or NDA) can be used to prevent a single party from divulging information thus protecting the sole owner of the information (this agreement type is called a Unilateral). Alternatively, both parties can be bound to secrecy and neither can breach the contract without facing consequences (a Mutual Agreement).

Definition of “Trade Secret” – 765 ILCS 1065/2

Laws – (765 ILCS 1065/) Illinois Trade Secrets Act

Non-Compete Agreement – This document often accompanies a Unilateral NDA as it ensures that the second party does not use the first party’s trade secrets to compete with the first party’s business.

(Video) How to Make an NDA in Illinois

 

How to Write

Step 1 – Download in Adobe PDF, Microsoft Word (.docx) or Open Document Text (.odt).

Step 2 – In the first few fields, provide the day’s date along with the name of the first and second parties.

Step 3 – If the agreement is Unilateral, as explained above, select the first checkbox. If the agreement is Mutual, select the second. The relationship between the two (2) parties should be described in section three (3).

Step 4 – The number of days one (1) party has to return any and all requested materials to a requesting party must be entered in the field of section five (5).

Step 5 – Have both parties sign the form where applicable and provide their respective names and the date of signing. It is not required that this document is signed in the presence of a notary public but it is recommended.