Updated June 04, 2023
A Washington DC non-disclosure agreement is a legally binding contract that prohibits the signee from discussing confidential information, including “trade secrets,” belonging to the other party. This document is often used by an employer to restrict an employee from sharing pertinent information about the business with competitors or any non-authorized party during or after employment. If the NDA is breached, damages and compensation may be sought out. Typically, the contract remains in effect until terminated by the owner of the confidential information, or until the information no longer qualifies as a trade secret.
Laws – DC Code §§ 36-401 – 36-410
“Trade Secret” Definition
“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:
(A) Derives actual or potential independent economic value, from not being generally known to, and not being readily ascertainable by, proper means by another who can obtain economic value from its disclosure or use; and
(B) Is the subject of reasonable efforts to maintain its secrecy.