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Illinois Non-Disclosure Agreement (NDA) Template

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Illinois Non-Disclosure Agreement (NDA) Template

Updated April 04, 2024

An Illinois non-disclosure agreement is a contract between two (2) parties that obligates them to safeguard 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).

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