Updated June 04, 2023
A Colorado non-disclosure agreement is a document that outlines the terms and conditions of a business relationship. The document, once signed, prohibits either or both parties from releasing any Confidential Information or Trade Secrets which may be valuable to the organization, and harmful if released to its competitors. A definition of a trade secret in Colorado can be found linked below; it should be noted that all Trade Secrets can be defined as Confidential Information but there are types of Confidential Information which do not fall under the legal umbrella of Trade Secret.
Laws – §§ 7-74-101 – 7-74-110 (Uniform Trade Secrets Act)
“Trade Secret” Definition
“Trade secret” means the whole or any portion or phase of any scientific or technical information, design, process, procedure, formula, improvement, confidential business or financial information, listing of names, addresses, or telephone numbers, or other information relating to any business or profession which is secret and of value. To be a “trade secret” the owner thereof must have taken measures to prevent the secret from becoming available to persons other than those selected by the owner to have access thereto for limited purposes.
Video
