Updated on August 31st, 2022
An Oklahoma non-disclosure agreement is designed to prevent the unauthorized disclosure of confidential information. The document ensures that client lists, business strategies, and other proprietary information are kept secret by the parties who receive access to it. An NDA is generally categorized as either a “unilateral” or “mutual” agreement. Under a unilateral NDA, only a single party is contractually obligated to maintain confidentiality, whereas a mutual NDA prohibits both parties from disclosing confidential information.
The recipient of confidential material should be aware that an NDA is an enforceable contract. As such, any agreement violation could lead to serious legal consequences and monetary damages.
- Statutes: §§ 85 – 95
- Definitions: § 86
- Statute of Limitation (§ 91): Once an NDA has been violated, a misappropriation action must be brought upon the violating party within three (3) years.