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Alabama Non-Disclosure Agreement (NDA)

An Alabama non-disclosure agreement is primarily used by employers to make sure employees do not share trade secrets, but it can also be used by mutual parties. The document is governed by state laws unless the agreement is violated and the information is used in multiple states. In this case, the Federal Trade Secrets Act would apply.
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“Trade Secret” Definition

A “trade secret” is information that:

a. Is used or intended for use in a trade or business;

b. Is included or embodied in a formula, pattern, compilation, computer software, drawing, device, method, technique, or process;

c. Is not publicly known and is not generally known in the trade or business of the person asserting that it is a trade secret;

d. Cannot be readily ascertained or derived from publicly available information;

e. Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; and

f. Has significant economic value.

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