‘A travesty of transparency’: Confidentiality agreements ... - mlive

Jan 6, 2022 · A number of high ranking Michigan legislators signed non-disclosure agreements related to legislation that appropriates nearly $1 billion in taxpayer dollars to lure businesses to …

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Jan 6, 2022 · A number of high ranking Michigan legislators signed non-disclosure agreements related to legislation that appropriates nearly $1 billion in taxpayer dollars to lure businesses to …

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Jan 13, 2022 · ‘A travesty of transparency’: Confidentiality agreements related to $1 billion incentive fund signed by 13 Michigan lawmakers Whitmer campaigned on transparency, but …

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Jan 6, 2022 · A number of high-ranking Michigan legislators signed non-disclosure agreements related to legislation that appropriates nearly $1 billion in taxpayer dollars to lure businesses to …

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FAQs about ‘A travesty of transparency’: Confidentiality agreements ... - mlive Coupon?

What is a confidentiality agreement?

Confidentiality agreements are established with companies so the MEDC can receive and review financial and proprietary information provided by those companies potentially seeking incentives, said Otie McKinley, an MEDC spokesperson. ...

How long does a confidentiality agreement last in Michigan?

Confidentiality agreements, signed by lawmakers from Oct. 21 to Nov. 15, require signers to keep information private for five years, according to the documents. The agreements were made in the weeks leading up to legislation that created a $1 billion incentive fund aimed at helping Michigan compete for business. ...

How can a commercial relationship protect confidential information?

Parties in a commercial relationship can explicitly protect confidential information through terms in the contract or confidentiality agreement, establishing that the information is to be treated as secret. An express confidentiality term effectively defines the scope and duty of confidentiality and provides legal recourse in case of a breach. ...

Are confidentiality agreements unreasonable restraints on trade?

Some jurisdictions view confidentiality agreements with a perpetual duration as unreasonable restraints on trade, particularly if they apply to information that, while confidential, does not qualify as a trade secret under applicable law. ...

Is a perpetual confidentiality agreement enforceable?

If a perpetual confidentiality agreement encompasses both trade secret and non-trade secret information, or restriction of the use of information that had entered the public domain, the enforcing party risks having the court find that the confidentiality clause is unenforceable, extinguishing protection for any disclosed information. ...

How long does a confidentiality agreement last?

Confidentiality obligations under a contract can continue beyond the specified term and survive the termination of the agreement. If you are involved in a long-term project or if the information shared could benefit competing parties, ensure that the agreement lasts as long as necessary. ...