Purpose
The agreement shall contain information about certain confidential and property information and the trade secrets concerning the business of producing a script for a documentary on the lives of illegal immigrants in Texas. The trade secrets are the secrets for describing the process that has been used to develop something. Disclosing the trade secret makes it lose its value, but it does not have a geographical constraint. The agreement will be valid from the date set by the company ("MGT 254 Module 08"). The recipient is expected to practice high confidentiality of the information on proprietary. However, any other relevant parties may be given this information, but confidentiality should, however, be maintained.
Non-Competition
During this agreement, the employee will not provide services or engage in activities that will lead them to compete for their employer’s business for at least two years or the one agreed upon after their employment has been terminated. The recipient of this agreement should also give the guarantee that during this agreement, they will not engage in a similar business either directly or indirectly with any other customer associated with the business either previously or recently. The employer is not supposed to disclose information on the process used by the business to conduct business (Odds and Ends 127).
Confidential Information
This refers to information that is supplied by the business concerning the services, plans that they have methods to use and customer information. The copyright should also be protected since they also guard the form or expression of an idea and not the content. The idea employed by the business for the production of the script documentary on the lives of illegal immigrants should not be disclosed. It is essential to keep in mind the look and feel issues. This is where software to produce a copy cat product upon utilization in the business shall not be the same for the copyright and copycat product since the final product will be infringing on the copyright ("MGT 254 Module 08").
The trademark of the business shall not be subjected to counterfeiting by the employee to avoid the production of counterfeit products that are of inferior quality. The employee is further not required to give out any information on the salaries that are granted to employees ("MGT 254 Module 08").
Non-disclosure
In this document, the employee shall agree to protect the intellectual assets and business strategies of the employer. The intellectual assets entail the non-disclosure and confidentiality agreements and the non-competition agreements. The technology of the patent is essential to the business. The employee will sign a patent assignment agreement. This is whereby he will sign over the right to inventions made on the job to the employer ("MGT 254 Module 08").
These non-disclosure agreements require the employee not to reveal the proprietary or confidential information that they have acquired through their employment with the business. These agreements shall contain information on the strategic plans laid out by the business. This includes the details on marketing and if they have any plan to carry it out and the methods to use. The technology employed in the business should also be protected by the employee by all means and not given to any competitor. The financial plans that the business has laid out for efficient operation are also not required to be disclosed. Any information that is pending or prior partnering arrangements between the company and their partners are to be guarded by the employee as well (Odds and Ends 129).
Breaking the non-disclosure agreements means that damage has been done to the business. Revealing the trade secret, for instance, will mean that it has lost its value. The employer in such a situation has the right to sue the employee. However, it will be very tough to restore the full value of the asset that has been lost ("MGT 254 Module 08").
The non-competition agreements, on the other hand, are where the employee does not compete against the employee when they leave the company. The agreement as previously stated shall be for two years (Odds and Ends 127).
It is significant to note that there are details that the confidential information will not contain. Any information about the business that has been known to the public through ways that are not connected to the employee is not liable to protection. The details that have been received by the employer through the third party are not considered confidential. Information that has also been approved to be given to the public through authorization is also not held to be protected by the employee ("MGT 254 Module 08").
Entire Agreement
The above is the entire agreement between the employer and employee. In the presence of witnesses, the parties involved have made the non-disclosure and non-competition agreement to be executed by representatives of both sides. It is to be effective as from the date stated.
Business Name xxxxxxxxx Recipient
Works cited
"MGT 254 Module 08". Umtweb.edu. N.p., 2016. Web. 16 Mar. 2016.
Odds and Ends. "Chapter 8." 16 March 2016.
