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Arkansas Non-Disclosure Agreement (NDA) Template

An Arkansas non-disclosure agreement is used to defend trade secrets. A bound party is required to keep confidential information in the strictest of confidence. If one party breaches the contract, they can be held solely responsible. The party suffering from the breach is entitled to seek damages to the maximum extent allowed by law.
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“Trade Secret” Definition

(4) “Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:

(A) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and

(B) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.