Updated June 04, 2023
A Georgia non-disclosure agreement is a document that allows a business or organization to protect its trade secrets. The below form can be signed by one (1) or two (2) parties and can be used to define a Unilateral agreement, meaning one party owns the information, or a Mutual agreement, meaning both parties own the information. In the case of a Unilateral agreement, the second party will be restricted from releasing the Confidential Information before or after their association with the first party. Mutual agreements, on the other hand, restrict both individuals/organizations from releasing the data to a third party.
Laws – OCGA § 10-1-760
“Trade Secret” Definition
“Trade secret” means information, without regard to form, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers which is not commonly known by or available to the public and which information:
(a) Derives 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.
Video
