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Delaware Non-Disclosure Agreement (NDA) Template

A Delaware non-disclosure agreement is a legal contract that obligates one or more parties to prevent confidential information from reaching the hands of a third party or competing business. To maintain trade secrets, an employer may require that an employee sign this agreement when they are hired.
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“Trade Secret” Definition

“Trade secret” shall mean 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.

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