An Alaska non-disclosure agreement (NDA) sets the terms and conditions for how confidential information can be discussed between two (2) parties. Commonly used in business settings, the form identifies the information that will be shared, how the information can be used, and the consequences of a breach of contract. Companies opt to use NDAs whenever it’s imperative to prevent vital information from getting into the hands of competitors. This can involve the onboarding of a new employee, the discussion of a sale or merger, or the licensing of software.
To become effective, both parties will need to print and sign their names. Notarization is not required, although doing so can improve the contract’s validity.