DSST Business Ethics and Society-Study Guide 2

In other words the non disclosure agreement typically

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information secret. In other words, the non-disclosure agreement typically only requires the receiving party to maintain information in confidence when that information has been directly supplied by the disclosing party. Ironically, however, it is sometimes easier to get a receiving party to sign a simple agreement that is shorter, less complex and does not contain safety provisions protecting the receiver. Some common issues addressed in an NDA include: outlining the parties to the agreement; Definition of what is confidential, i.e. information to be held confidential. Modern NDAs will typically include a laundry-list of types of items which are covered, including unpublished patent applications, know-how, financial information, verbal representations, customer lists, vendor lists, business practices/strategies, etc; Exclusions from what must be kept confidential. Typically, the restrictions on the disclosure or use of the confidential data will be invalid if the recipient had prior knowledge of the materials; the recipient gained subsequent knowledge of the materials from another source; the materials are generally available to the public; or the materials are subject to a subpoena. In any case, a subpoena would more likely than not override a contract of any sort; Provisions restricting the transfer of data in violation of national security; The term (in years) of the confidentiality, i.e. the time period of confidentiality; The term (in years) the agreement is binding; Permission to obtain ex-parte injunctive relief; Obligations of the recipient regarding the confidential information. Quid pro quo (From the Latin meaning "something for something") indicates a more-or-less equal exchange or substitution of goods or services. English speakers often use the term to mean "a favor for a favor" and the phrases with almost identical meaning include: "what for what," "give and take," "tit for tat", "this for that", and "you scratch my back, and I'll scratch yours". Child labor (U.S. child labor ) refers to the employment of children at regular and sustained labor. The Fair Labor Standards Act (FLSA) establishes child labor standards (as well as minimum wage, overtime pay, equal pay, whistleblower, and record keeping standards). These standards affect FT and PT workers in the private sector and in federal, state, and local governments. The FLSA's child labor provisions are designed to protect the educational opportunities of minors and prohibit their employment in jobs and under conditions detrimental to their health or well-being. The FLSA regulates child labor by (a) setting minimum ages for jobs that have been determined to be particularly hazardous, (b) setting minimum ages for all other jobs (that is, jobs that are not considered particularly hazardous), and (c) limiting the hours that children are permitted to work. There are also exceptions to some of these requirements.
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